msys git – error could not allocate cygwin heap

I am using TortoiseGit on Windows for a while now, and it works OK. However, today, it just stopped working. The error I got persistently was:

0 [main] us 0 init_cheap: VirtualAlloc pointer is null, 
Win32 error 487 AllocationBase 0x0, BaseAddress 0x68540000, 
RegionSize 0x480000, State 0x10000 
c:\msysgit\bin\sh.exe: 
*** Couldn't reserve space for cygwin's heap, Win32 error 0

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