Sriwijaya Capital, a newly established private equity firm focused on Southeast Asia, has raised more than $200m for its debut fund and is targeting its $300m hard cap within the next 6–12 months, according to a report by Reuters.
The report cites unnamed people familiar with the matter as revealing that the firm which is headquartered in Singapore and Jakarta, plans to invest in both minority and majority stakes across Southeast Asia, with a focus on companies positioned for regional expansion. Target investments are expected to include family-run businesses undergoing succession transitions as well as those seeking to professionalise operations.
Sriwijaya’s first transaction is anticipated in the coming months, likely involving an Indonesian company, sources said.
In a statement, the firm confirmed the launch of its inaugural fund to back growth-stage companies across Indonesia and Southeast Asia, highlighting sectors such as healthcare, energy transition, consumer and business services, and industrials. Financial details were not disclosed.
Sriwijaya Capital was founded by Indonesian entrepreneur Arsjad Rasjid, the former CEO of Indika Energy and current chairman of the Indonesian Chamber of Commerce and Industry.
