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View all search resultsArsjad Rasjid launches equity firm, links up with Danantara
The former Kadin chief's new equity firm, Sriwijaya Capital, aims to bring Southeast Asian opportunities to the Gulf and vice versa as part of its broader mission to support the government's "Indonesia Inc" intitiative.
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Sriwijaya Capital CEO Hartanto Tjitra (left) and Danantara chief investment officer Pandu Sjahrir (center) hold up memorandums of understanding during a signing ceremony and launch event for the private equity firm on Oct. 2, 2025, alongside Sriwijaya Capital founder chairman Arsjad Rasyid. (Courtesy of Sriwijaya Capital) (Sriwijaya Capital /-)
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riwijaya Capital, a Southeast Asia-focused private equity firm founded and chaired by Arsjad Rasjid, has announced the close of an inaugural investment fund at its launch on Thursday.
The fund will target growth-stage companies across health care, energy transition, consumer goods and services, as well as business services and industrials. With Indonesia as its anchor market, the firm is positioned to help domestic champions scale regionally while attracting international investors to Southeast Asia.
“Sriwijaya Capital is here to support Indonesia Incorporated, President Prabowo’s initiative, where the government, businesses and financial institutions act as one to strengthen the national economy,” Arsjad, the former chairman of the Indonesian Chamber of Commerce and Industry (Kadin), said in a social media post on Oct. 2.
According to Kontan.co.id, the equity firm is expected to manage between US$200 million and $300 million.
Read also: Danantara to deploy $10b in first three months, CIO says
In conjunction with its launch, the firm has signed two memorandums of understanding (MoUs) aimed at strengthening cross-border capital flows and advancing the government agenda for economic growth.
“In early October, we immediately began collaborating with [state asset fund] Danantara and partnered with BlueFive Capital, one of the largest private equity firms from the Middle East, to open a new investment corridor into ASEAN, particularly Indonesia,” Arsjad said in his post.
