Indonesia's Merah Putih fund to finalise $300m first close in Q1 next year

Indonesia's Merah Putih fund to finalise $300m first close in Q1 next year

Eddi Danusaputro, Merah Putih Fund's Head of Project Management Office

Indonesia’s Merah Putih fund, set up by the government in partnership with the venture arms of various state-owned enterprises, plans to finalise its first close worth $300 million in Q1 next year, said a top executive of the fund on Tuesday.