Singapore-headquartered infrastructure credit platform Clifford Capital has announced that the Singapore government-backed Energy Transition Acceleration Finance ( ETAF ) partnership has secured US$345 million in aggregate commitments, including the US$250 million first close announced by the Monetary Authority of Singapore ( MAS ).

The first close was anchored by the MAS and the Private Infrastructure Development Group, with DBS Bank as the inaugural senior debt financier.

The aggregate commitment, notes the credit platform, which acts as the ETAF partnership’s fund manager, reflects participation from a broader set of investors, including Singapore state-owned investor Temasek, alongside additional commitments secured beyond the first close. The credit platform has also committed capital to the mezzanine tranche.

The ETAF partnership, a blended finance initiative focused on replacing coal with renewables, aims to mobilize capital into earlier-stage or higher-risk energy transition infrastructure investments.

The partnership, Clifford points out, is expected to raise additional capital through future closings as it broadens its investor base.

“This milestone reflects growing institutional momentum behind scalable financing solutions for critical infrastructure,” says Lily Choh, the credit platform’s group head of asset management. “By bringing together public and private capital, the ETAF partnership is well positioned to help accelerate the development of bankable projects across the region.”