TPG, a US-based investment firm, has agreed to acquire Aseem Infrastructure Finance Ltd (AIFL) for ₹4,000 crore (approximately $480 million USD). This acquisition, in partnership with ICICI Bank and GIC of Singapore, is aimed at accelerating green funding initiatives in India. Aseem, established six years ago, focuses on providing debt funding for long-term projects with an emphasis on clean energy. The deal will see TPG take over Aseem's entire team and its ₹1,800 crore loan book. The total transaction value may approach ₹5,000 crore due to the inclusion of a stake transfer in NIIF Infrastructure Finance Ltd, which will be bought back by NIIF. TPG plans to leverage this acquisition to develop a green financing platform to support a wide range of sustainable projects, addressing an annual financing gap of $100-125 billion for energy transition in India. This move aligns with TPG's broader strategy to invest in green initiatives, including previous investments in renewable energy and electric vehicle sectors.