Tuesday, 24 November 2015
Last updated 1 hour ago
Feb 13 2009 | 10:52am ET
The private equity firm Ant Global Partners, controlled by agricultural lender Norinchukin Bank of Japan, plans to raise a $250 million clean technology fund over the next three years.
Reuters reports the fund will focus on investments such as water treatment and renewable projects in Indonesia.
Ant Global is the Singapore-based arm of Ant Capital Partners, formerly Nikko antfactory KK, which manages about $1.4 billion in assets.
"Indonesia is a very big market, with about 240 million people, accounting for two-fifths of ASEAN's population, and yet surprisingly it's an overlooked market for clean tech investment," said Kim Jung Kyu, vice president for Ant Global Partners.
Indonesia’s sovereign wealth fund, Government Investment Unit (GIU) will raise 10% of the fund, which Ant Global hopes will total $50 million by June and $100 million by the end of 2009.
Ant Global is considering investment in waste-to-energy projects and wind farms (which it says could offer an ROI of 20% to 25%), and water treatment facilities and agriculture technology projects.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…