saratoga-launches-indonesian-private-equity-fund

Saratoga launches Indonesian private equity fund

On a roadshow to raise $300-$500 million, Saratoga is emphasising its competitive advantage in being an early mover in the country.

By Sameera Anand

September 18, 2006

Saratoga Capital is marketing an Indonesia-focused private equity fund hoping to raise between $300 million and $500 million which makes it the largest Indonesia-specific fundraising to date.

Saratoga is currently conducting a roadshow and aims to close the fund by the end of the year. Target investors are fund of funds, endowment funds, large financial institutions, multilaterals and private banks. Investors will be expected to lock in at least $5 million of capital for five years while the fund has an indicative life of 10 years.

Saratoga Capital was founded in 1998 by Edwin Soeryadjaya and Sandiaga S Uno. At the time, it managed the founders' money as well as money raised through an informal...

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