What Pentagreen Capital does

Pentagreen Capital Pte. Ltd. is a Singapore-domiciled private debt financing platform that finances marginally bankable sustainable infrastructure projects across Asia, with an initial focus on Southeast Asia. The company was jointly established by HSBC and Temasek in 2021, with Clifford Capital Holdings providing operating infrastructure and the Asian Development Bank providing origination and technical assistance. Pentagreen provides mezzanine construction loans, development loans, and senior/junior tranche financing across renewable energy (solar, wind, hydro), battery storage, bioenergy, sustainable transport, and water and waste management.

The company's core offering is the Green Investments Partnership (GIP), a blended finance programme managed by Pentagreen under Singapore's Financing Asia's Transition Partnership (FAST-P) initiative, which combines concessional catalytic capital with commercial senior debt to crowd private capital into green projects. The platform had US$800 million in committed capital at its second close in May 2026 against a US$1 billion deployment target, with HSBC, Temasek, MAS, IFC, European Commission, FMO, DEG, BII, ACP, DBS, Cathay United Bank, Export Finance Australia, and Bank of the Philippine Islands as capital partners or supporters. Disclosed deal flow includes US$30M and US$55M facilities to Citicore, US$80M joint facility with BII for ib vogt, US$30M joint green loan with Clifford Capital for BECIS, and up to US$45M for Tinfund run-of-river projects in Indonesia.

Pentagreen monetizes through interest income on its debt facilities and management economics on the GIP fund structure. Distribution is purely B2B and bilateral: direct lending to project developers and sponsors, plus co-investment and channel arrangements with development finance institutions and commercial banks. The firm holds a Capital Markets Services license from the Monetary Authority of Singapore for fund management, applies an ESG framework aligned with IFC Performance Standards and World Bank Group EHS Guidelines, and operates with a disclosed headcount of 1-10 employees under CEO Marat Zapparov.

Name

Pentagreen Capital

Legal name

Pentagreen Capital Pte. Ltd.

Website

https://pentagreen.com

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

1–10 employees

Short description

Pentagreen Capital is a Singapore-based debt financing platform, jointly established by HSBC and Temasek, that provides blended construction, mezzanine, and development loans for marginally bankable sustainable infrastructure projects across Southeast and South Asia, managing the FAST-P Green Investments Partnership.

Ownership category

akta.pro rank

Product category

Sustainable Infrastructure Debt Financing

NAICS

Nondepository Credit Intermediation (5222), Other Investment Pools and Funds (5259), Funds, Trusts, and Other Financial Vehicles (525), Open-End Investment Funds (525910)

SIC

Miscellaneous Business Credit Institution (6159), Federal & Federally-Sponsored Credit Agencies (6111), International Affairs (9721)

akta.pro primary industry

Infrastructure & Project Finance Private Debt (FSANADAH)

akta.pro secondary industries

Infrastructure Debt Funds (FSANAEAL), SDG / Thematic Sustainable Investment Funds (FSANAJAN), Development Finance & Blended Finance Facilities (BPADAOAD), Project & Infrastructure Bonds (FSACABAN)

Keywords

• Sustainable infrastructure debt
• Blended finance solutions
• Project finance facilities
• Green loan structuring
• Renewable energy lending

Headquarters

HQ city

Singapore

HQ country

Singapore

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Others

Revenue model

1. Debt Financing Interest Income: Pentagreen Capital generates revenue through interest income on debt financing provided to sustainable infrastructure projects. The platform provides various forms of debt including mezzanine financing, construction loans, and development loans to projects in renewable energy, energy storage, sustainable transport, and water/waste management sectors across Southeast and South Asia.

Go-to-market motion3 records

Distribution channels3 records

Marketing channels5 records

Core offering

Pentagreen Capital is a debt financing platform dedicated to accelerating the development of sustainable infrastructure in Asia, with an initial focus on Southeast Asia. The platform provides mezzanine, construction, and development loans to marginally bankable renewable energy, energy storage, sustainable transport, and water/waste management projects, using blended finance structures to crowd in commercial capital. Its flagship is the Green Investments Partnership (GIP), a managed blended finance fund under Singapore's FAST-P initiative targeting US$1 billion in deployment.

Product overview

Pentagreen Capital operates as a debt financing platform dedicated to accelerating sustainable infrastructure development in Asia, with an initial focus on Southeast Asia. The core offering consists of the Green Investments Partnership (GIP), a flagship blended finance programme under Singapore's FAST-P initiative, which seeks to deploy US$1 billion through a tiered capital structure combining concessional and commercial capital. The platform provides debt financing solutions for marginally bankable sustainable infrastructure projects across renewable energy and storage, clean transport, and water and waste management sectors. The company also integrates an Environmental and Social (E&S) Framework aligned with international standards throughout its investment process.

Differentiator

Problem solved

Functional benefit

Brands

• Green Investments Partnership (GIP): A flagship blended finance programme under Singapore's Financing Asia's Transition Partnership (FAST-P) initiative, managed by Pentagreen Capital, seeking to deploy US$1 billion for sustainable infrastructure in Asia.

Products and services

• Green Investments Partnership (GIP) A flagship blended finance programme under Singapore's Financing Asia's Transition Partnership (FAST-P) initiative, managed by Pentagreen Capital, seeking to deploy US$1 billion to finance sustainable infrastructure in Southeast and South Asia through a tiered capital structure that crowds in commercial capital alongside concessional and catalytic capital.
• Debt Financing Platform A debt financing platform dedicated to accelerating the development of sustainable infrastructure in Asia, with an initial focus on Southeast Asia, providing mezzanine, construction, and development loans to marginally bankable clean infrastructure projects through blended finance solutions.

Quantifiable outcome

• 630,000 tonnes of CO2 emissions avoided annually through financed solar and battery storage projects in the Philippines
• +5 more outcomes

Named customers4 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Seven partnerships are on record, tiered core and major.

• Clifford Capital HoldingscoreStrategic or Co-development PartnerClifford Capital Holdings provides project finance expertise and operational mid and back office support to Pentagreen. The company is a specialist financing and distribution platform for real assets globally, headquartered in Singapore. Joint financing collaborations include US$30 million green loan with BECIS and support for FAST-P initiatives.
• Asian Development Bank (ADB)coreStrategic or Co-development PartnerADB serves as a strategic partner providing origination and technical support through its presence in countries throughout Southeast Asia. ADB assists the platform with project development expertise and technical assistance for sustainable infrastructure projects.
• Monetary Authority of Singapore (FAST-P Office)coreStrategic or Co-development PartnerMAS launched the FAST-P initiative in 2023, with the Singapore Government pledging up to US$500 million as concessional capital to match contributions from catalytic capital providers. Pentagreen Capital manages the Green Investments Partnership under FAST-P, which seeks to deploy US$1 billion for Asia's sustainable infrastructure.
• Tinfund (Tinfos/Norfund Joint Venture)majorStrategic or Co-development PartnerPentagreen Capital and Tinfund signed a financing facility of up to US$45 million for small run-of-river power plants in Indonesia. Tinfund is a joint venture between Tinfos AS (65%) and Norfund (35%). Tinfos has over 130 years of experience in run-of-river plants.
• BECISmajorStrategic or Co-development PartnerPentagreen and Clifford Capital provided a US$30 million Secured Green Loan Facility to BECIS Bioenergy for 14 distributed sustainable bioenergy installations across Indonesia, Thailand, Cambodia, Philippines, and India.
• ib vogt SingaporemajorStrategic or Co-development PartnerPentagreen and BII provided US$80 million Development and Construction Facility to ib vogt Singapore for utility-scale solar and battery storage projects (~260 MWp, 175 MWh) in the Philippines and Indonesia.
• International Finance Corporation (IFC)coreStrategic or Co-development PartnerIFC is considering participation in the Green Investments Partnership and provides appropriate financing to crowd in other capital providers. IFC is part of the World Bank Group and brings global expertise and capital mobilization capabilities.

Scale indicators6 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• Clifford Capital Holdings: Singapore-based specialist financing and distribution platform for real assets and infrastructure. Directly comparable as both the operating infrastructure partner for Pentagreen and a standalone provider of project finance to Asian and global infrastructure projects - same geography, deal sizes, and counterparty universe.
• British International Investment (BII): UK development finance institution and impact investor. Has been a direct co-financier with Pentagreen on the ib vogt US$80M solar+storage facility and is a partner in the Green Investments Partnership; operates a comparable blended-finance model targeting marginally bankable climate projects across Southeast Asia.
• FMO (Dutch Entrepreneurial Development Bank): Dutch development bank that lends to and invests in private businesses in developing countries. Partner in the Green Investments Partnership and a known climate-infrastructure lender in Southeast Asia with overlapping country exposures and ESG framework.
• DEG (German Development Finance Institution): German DFI financing and advising private enterprises in emerging markets for 60+ years. Considering participation in Pentagreen's GIP under FAST-P; a peer because DEG provides long-term debt and mezzanine financing for renewable energy and sustainable infrastructure in the same Southeast Asian markets.
• Climate Fund Managers (CFM): Fund manager of climate-focused blended-finance vehicles (e.g., Climate Investor One) investing in renewable energy, water, and sustainable infrastructure across emerging Asia and Africa. Directly comparable as a senior/junior tranche construction lender using concessional and commercial capital to crowd in projects that lack bankability.
• Allied Climate Partners (ACP): Philanthropic investment organization providing first-loss capital and expertise into the Green Investments Partnership. A direct peer as a co-lender within Pentagreen's GIP structure focused on accelerating climate transition in emerging economies.

Broad incumbents

• International Finance Corporation (IFC): World Bank Group private-sector arm and global emerging-market financier. Larger and broader in scope but a direct participant in the Green Investments Partnership and a direct incumbent for blended infrastructure debt in Southeast Asia; Pentagreen's CEO previously led IFC's Asia Upstream unit.
• Green Climate Fund (GCF): Multilateral fund supporting developing-country climate projects with concessional and grant capital. A broader-scale parallel source of catalytic, blended-finance funding for the same renewable energy and adaptation project universe Pentagreen targets in Southeast and South Asia.
• Asian Development Bank (ADB) Private Sector Operations: Multilateral lender that provides origination and technical assistance to Pentagreen across Southeast Asia while also directly financing renewable energy, transport, and water infrastructure in the same markets - a broader incumbent in the same value chain.

Emerging players

• Sustainable Development Capital (SDCL): Specialist sustainable-infrastructure investor providing project finance and asset management for energy efficiency, distributed energy and renewables. Comparable as an emerging specialised lender, though more focused on OECD and certain Asia opportunities rather than the marginally bankable SEA pipeline that Pentagreen serves.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/pentagreen

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments3 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Pentagreen Capital