HSBC and Temasek launch sustainable finance company

Sustainable infrastructure debt finance firm Pentagreen Capital, which is backed by HSBC and Singaporean state fund Temasek, opened in Singapore with the stated aim of accelerating sustainable infrastructure development in Asia by removing the obstacles that can prevent marginally bankable projects from accessing Capital.

The company will seek to achieve this through a combination of technical assistance and blended finance to catalyze other sources of capital, with the support of its strategic partners.

Geographically, the company will initially target opportunities in Southeast Asia and will primarily focus on clean transportation, renewable energy and energy storage, as well as water and waste management. Going forward, transactions in areas such as climate adaptation, agriculture and land use, technology-driven solutions, and in other geographies will be considered.

The company’s strategic partners include the Asian Development Bank, which provides technical and origination support through its presence in countries in the region, and Clifford Capital Holdings of Singapore, which has a strong focus on solutions. long-term sustainable funding sources and is uniquely placed to provide project financial expertise and operational support.

With a combined equity of US$150 million committed by HSBC and Temasek, Pentagreen aims to deploy blended finance at scale over time and make more than US$1 billion in loans within five years.

Marat Zapparov is the general director of the company. He brings nearly two decades of experience to the firm, including more than 15 years in infrastructure, energy and real estate asset finance, during which time he worked with the International Finance Corporation, Clifford Capital and HSBC.

Zapparov says, “Our goal is to bridge the gap between traditional financing options from banks and development financiers and to catalyze the flow of capital to innovative projects by providing flexible debt financing solutions.

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