US private equity giant TPG, along with consortium partners ICICI Bank and GIC, has agreed to acquire Aseem Infrastructure Finance Ltd for ₹4,000 crore in a significant move to expand green financing initiatives in India.

The transaction will mark the exit of Aseem’s current sponsors, including the National Investment and Infrastructure Fund and the Government of India. Established six years ago, Aseem Infrastructure Finance has built a strong presence in long-term debt financing for infrastructure projects, particularly in the clean energy sector.

As part of the deal, TPG and its partners will take over the company’s entire management team, its existing loan book of approximately ₹1,800 crore, and retain the Aseem brand, ensuring continuity in operations and market positioning.

This acquisition aligns with TPG’s broader sustainability vision through TPG Rise Climate, which focuses on scaling investments in climate-focused sectors. The platform aims to support India’s energy transition by investing across renewable energy, industrial decarbonisation, electric vehicle ecosystems, and sustainable infrastructure.

The deal underscores growing investor confidence in India’s green economy and highlights the increasing role of private capital in accelerating the country’s transition toward a low-carbon future.