Aseem Infrastructure Finance Acquisition

TPG + GIC + ICICI Bank are involved in acquiring Aseem Infrastructure Finance Ltd (AIFL) from NIIF and other shareholders.

Key Points

• TPG and GIC → acquisition
• ICICI Bank → up to 5% equity stake
• TPG vehicle: TPG Rise Climate
• Focus: climate financing and sustainable infrastructure.

AIFL

• Established: 2020
• Mumbai-based
• Sustainable infrastructure debt financier.
• Incubated by NIIF.

UPSC Economy: Climate finance + infrastructure financing + sovereign investment platforms.