You are here

Singapore's Indies Capital raises US$100m for third Asian fund

[SINGAPORE] Indies Capital Partners, a Singapore-based alternative asset manager, has raised more than US$100 million at the first close of its third flagship fund for structured credit and private equity deals in South-east Asia.

Pavilion Capital, a unit of Temasek Holdings, became one of the anchor investors in the Indies Special Opportunities III fund, according to an emailed statement. The vehicle will look across South-east Asia but focus particularly on Indonesia, it said.

"The post Covid-19 world will add a diverse set of opportunities for us across different parts of the economy, including in technology-enabled sectors," Pandu Sjahrir, co-managing partner of the fund, said in the statement.

Indies Capital is among investors looking to finance promising deals emerging from the coronavirus pandemic in the region. Founded in 2009, it has invested more than US$1 billion and manages more than US$550 million on behalf of institutional investors and private clients.


Your feedback is important to us

Tell us what you think. Email us at

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to