GenZero Acquires Stake in Seraya Partners Fund I Through Secondary Transaction with AIIB

SINGAPORE, May 21, 2026 – Singapore-based decarbonisation investment platform GenZero has acquired a fund interest in Seraya Partners Fund I from the Asian Infrastructure Investment Bank (AIIB), in a secondary transaction that highlights growing investor appetite for energy transition and sustainable infrastructure assets across Asia-Pacific.

The transaction, announced on May 20, gives GenZero exposure to a portfolio of infrastructure investments supporting the region’s decarbonisation and digital transition efforts, including marine energy transition services and low-carbon digital infrastructure.

The deal also reflects the increasingly important role secondary markets are playing in recycling development finance capital into new climate and infrastructure projects across emerging Asian economies.

Managed by Seraya Partners, Fund I focuses on mid-market infrastructure opportunities across Asia, targeting sectors linked to the energy transition and sustainable infrastructure development.

Among the fund’s portfolio companies are Cyan Renewables, described as Asia’s largest marine energy transition operator with a fleet of 35 specialised vessels supporting offshore wind developers and energy contractors, and Empyrion Digital, a pan-Asian low-carbon data centre operator with 290 MW of operating and under-construction IT capacity.

The acquisition comes at a time when Asia-Pacific is facing significant infrastructure financing requirements as economies transition towards lower-carbon growth models while simultaneously managing rising energy demand, digitalisation and urbanisation.

Kim-See Lim, Chief Investment Officer, Public Sector (Region 1) & Financial Institutions and Funds (Global) Clients at AIIB, said the transaction demonstrates how secondary markets can mobilise additional private capital for sustainable infrastructure.

“This transaction demonstrates how secondary markets can help mobilize additional private capital for sustainable infrastructure in Asia. As the region continues to face climate and development financing needs, AIIB will remain committed to working with partners to strengthen market confidence and channel long-term private capital across the region,” Lim said.

The transaction also underscores the growing convergence between development finance institutions and private climate capital as both seek scalable pathways to finance the region’s energy transition.

Founded by Temasek, GenZero has been actively investing across nature-based solutions, carbon market ecosystem enablers and deep decarbonisation technologies as part of its broader climate investment strategy.

According to GenZero, the acquisition aligns with its view that Asia-Pacific will play a pivotal role in global decarbonisation due to the scale of infrastructure replacement and expansion required across the region.

Kimberly Tan, Head of Investments at GenZero, said the investment reflects the company’s focus on scalable enabling infrastructure for the energy transition.

“This investment reflects GenZero’s commitment to accelerating Asia-Pacific’s energy transition through scalable, enabling infrastructure. It also highlights how development finance and long-term private capital can work in tandem to advance climate outcomes,” she said.

“AIIB’s anchor investment helped catalyse Seraya Partners Fund I. The acquisition of AIIB’s stake provides GenZero with exposure to a portfolio of high-quality operating infrastructure assets, while enabling development capital to be recycled into the next frontier of climate solutions.”

The transaction also reflects broader trends emerging within climate finance markets, where institutional investors are increasingly seeking operational infrastructure assets that can provide both long-term stable returns and measurable decarbonisation impact.

Digital infrastructure is becoming an especially important component of the climate transition narrative in Asia, with demand for data centres rising sharply alongside AI adoption, cloud computing and regional digitalisation efforts. At the same time, investors are under growing pressure to ensure these facilities are powered and operated using lower-carbon energy systems.

Similarly, offshore wind and marine transition infrastructure are expected to see significant growth across Asia-Pacific over the next decade, particularly as countries including Japan, South Korea, Taiwan, Vietnam and Australia expand renewable energy deployment.

Asian Infrastructure Investment Bank, established in 2016, now has 111 approved members worldwide and focuses on financing infrastructure projects with sustainability at their core. The institution has increasingly prioritised climate finance and sustainable infrastructure investments as part of its long-term regional development strategy.

Meanwhile, Seraya Partners currently manages approximately USD 2.5 billion in assets and focuses on control-oriented investments in energy transition and digital infrastructure platforms across Asia-Pacific.

The latest transaction signals continued momentum in climate-focused infrastructure investing, even amid broader global macroeconomic uncertainty, as investors increasingly position Asia-Pacific at the centre of long-term decarbonisation and sustainable growth strategies.