Värde Partners and Indies Capital Partners announce Investment Partnership – See Significant Opportunity in Indonesia Private Debt

Print Article
September 5, 2017

SINGAPORE – Värde Partners, the US $12 billion global alternative investment firm, and Indies Capital Partners, an Indonesia-focused asset manager, today announced a strategic alliance including the creation of an Investment Platform. The new platform aims to invest in private debt opportunities across industries in Indonesia.

“We believe that there is a compelling opportunity to lend to Indonesian businesses for the foreseeable future. We have a good experience with the Indies team and know of their capabilities, as well as the strength and depth of their relationships in Indonesia,” said Hanli Mangun, a Managing Director in the corporate credit business at Värde.

“This partnership is evidence of the growth trajectory of Värde in the Asia Pacific region,” said Ilfryn Carstairs, Co-Chief Investment Officer and Head of Asia Pacific for Värde Partners. “We are committed to extending our differentiated approach to investing in the region, connecting strong local knowledge and partners to our global platform. As we continue to grow our staff and investor base here, these partnerships provide an additional avenue for growth,” he continued.

Denny Goenawan, CEO and Founder of Indies, said “Värde has a strong reputation as a business builder and creative partner, and we have been working well together in recent years. We are excited by the business and expansion plans we have developed with them, and are looking forward to jointly growing our investments in Indonesia.”

About Värde Partners:
Värde Partners is a US$12 billion global alternative investment firm that employs a credit-oriented, value-based approach to investing across a broad array of geographies, segments and asset types, including real estate, corporate credit, mortgages, specialty finance, transportation, and infrastructure. The firm sponsors and manages a family of private investment funds with a global investor base that includes foundations and endowments, pension plans, insurance companies, other institutional investors and private clients. Now in its third decade, Värde employs 250 people with main offices in Minneapolis, London and Singapore and additional offices around the world.

About Indies Capital Partners:
Indies Capital Partners is a leading Indonesia-focused asset manager for private credit and special situations. Since established in 2009, Indies has invested more than US$500 million on behalf of its institutional investors and private clients. Indies holds a Capital Markets Services license from the Monetary Authority of Singapore.