FAST-P

Last updated: 30/10/2026

Program Overview

Program description and objectives:

FAST-P is a Singapore-led blended finance initiative designed to mobilise up to US$5 billion to finance Asia's green transition. The initiative aims to accelerate Asia's transition to low-carbon, climate-resilient economies by unlocking mainstream private capital into transition investments. Mission To unlock and scale capital for Asia’s low-carbon and climate-resilient transition by creating investable, high-impact and replicable financing solutions through partnerships and actionable insights.

Instrument types offered:

Concessional and catalytic debt

Institutions this program is normally offered to:

Investment funds

Eligible regions:

Asia

Eligible sectors:

Any

Program status:

Open

Formal application process:

Program webpage (optional):

https://www.fast-partnership.com/

Primary point of contact for this program:

FAST-Pcontact@fast-partnership.com

Optional offering details

Main currencies available:

USD - US dollar

Preferred ticket size range (in USD equivalent)

Debt, equity, or guarantee:

$20 million - 50 million USD, $50 million - 100 million USD

Pricing and fees structure:

Fixed rateSpreadOther

Preferred tenor or exit horizon range:

6-10 years, 11-15 years

Minimum private capital mobilization ratio:

1:4 ($1 of concessional capital to $4 of private capital)

Any other financial structure information:

FAST-P utilises a tiered capital structure, which is anchored by a 1:1 matching of concessional capital. For example, every US$0.50 committed by FAST-P is designed to be matched by US$0.50 from a Multilateral Development Bank (MDB) or Development Finance Institution (DFI). This forms a combined US$1.00 base of blended concessional capital. This unified de-risking base is then leveraged to mobilise private capital at a 1:4 ratio, meaning the US$1.00 of concessional capital crowds in US$4.00 of commercial investment.

Optional eligibility information

Impact thematic focus:

Climate - Mitigation

Description of impact objectives or requirements:

Investment objective To use catalytic capital to improve the risk-return profile of high-impact investments that are commercially viable, but cannot currently secure sufficient financing from mainstream markets at the required scale or on suitable terms. Three core objectives: Climate impact. Deliver measurable climate outcomes, including emissions reduced or avoided, accelerated decarbonisation, and improved climate resilience. Capital mobilisation. Catalyse commercial and private capital at scale, enabling each dollar of catalytic capital to support a substantially larger pool of climate finance. Financial additionality. Address genuine financing gaps by providing catalytic capital only where commercial financing is unavailable, insufficient, or offered on terms that prevent the investment from proceeding. Longer-term market impact Beyond individual investments, FAST-P aims to demonstrate structures that are credible, replicable and capable of attracting mainstream institutional capital, helping to expand the market for blended finance across Asia.

Optional application process information

Pre-accreditation requirement:

Disclaimer

All information on catalytic capital providers and programs was submitted to GCBC by third party capital providers. The Catalytic Capital repository is an open-access online tool that lists information provided by catalytic capital providers in central location for public use.