Sriwijaya Capital—Indonesia’s newly created, Southeast Asia-focused private equity firm that debuted its inaugural fund this week with about $200 million in commitments—has signed two strategic MoUs to strengthen cross-border investment flows between Indonesia, the Gulf, and other growth markets.
According to a company statement on Thursday, the first agreement, with Indonesia’s sovereign wealth fund Danantara, established a co-investment partnership on a deal-by-deal basis. Under the arrangement, both sides will jointly source, structure, and execute direct investments, initially focused on Indonesia and Southeast Asia.
The partnership reflects a shared commitment to contribute to Indonesia’s economic growth through a public-private collaboration model, positioning both parties as trusted partners in regional and global investments.
Separately, Sriwijaya has entered into a strategic alliance with Abu Dhabi-based BlueFive Capital to build a South-to-South investment corridor. The partnership will connect Gulf sovereign wealth funds, institutional investors, and family offices with growth opportunities across ASEAN, with Indonesia serving as the anchor market.
Sriwijaya will contribute its network of corporates, family businesses, private banks, and limited partners across the region, while BlueFive will leverage its relationships with Gulf capital pools and Chinese state-owned enterprises.
The alliance will initially focus on Southeast Asia and the Middle East, with the potential to expand into South Asia and other emerging markets.
“This MoU reflects the shared commitment of our two firms to build stronger cross-border investment linkages. Together, BlueFive and Sriwijaya will connect capital and opportunities between the Gulf and Southeast Asia, with a focus on high-growth sectors critical for the future,” said Hazem Ben-Gacem, Founder and Chief Executive of BlueFive Capital.
Hartanto Tjitra, Chief Executive Officer of Sriwijaya Capital, added, “This partnership connects the Gulf region with ASEAN opportunities, allowing us to work with investors, scale companies and drive growth across both regions. It also underscores Sriwijaya’s commitment to Indonesia and ‘Indonesia Incorporated’ initiative, where the private sector and government work together as a dual engine for growth.”
The announcement was made a day after Sriwijaya formally announced the first close of its inaugural fund. The fund targets growth-stage companies across Southeast Asia in sectors such as healthcare, energy transition, consumer goods & services, as well as business services & industrials.
DealStreetAsia reported Sriwijaya received $200 million in commitments, with backing from Barito Pacific, Indika Energy, and Sinarmas Group as the anchor limited partners (LPs), according to people familiar with the matter.
