Indonesia's Merah Putih fund secures first close at $300m

Indonesia's Merah Putih fund secures first close at $300m

Photo: Nick Agus Arya/Unsplash

Indonesia’s Merah Putih fund, set up by the government in partnership with the venture capital arms of some state-owned enterprises, has secured its first close at $300 million, DealStreetAsia has learnt.