Former Farindo Exec.’s Private Equity Shop Seeks $350M For Third Fund

Aug 11 2010 | 11:42am ET

A veteran from Farindo Investments, an Indonesian joint-venture of San Francisco-based Farallon Capital Management, is poised to raise US$350 million for his third private equity fund in four years.

Quvat Management, led by Tom Lembong, a former executive of Farallon’s Indonesian affiliate, has begun fundraising for its Quvat Capital Partners III, Bloomberg News reports. The new fund will focus on Indonesia, where its two predecessor funds already have substantial investments.

The Singapore-based firm hopes to raise US$350 million for the third fund, the same amount it raised for its second. The firm debuted in 2006 and its first fund garnered US$150 million.

In addition to working at Farindo Investments, he’s also done stints at the Indonesian Bank Restructuring Agency, Deutsche Bank and Morgan Stanley.


In Depth

Humble in Hofstra...One Debate an Election Can Make

Sep 26 2016 | 10:20am ET

Tonight's U.S. Presidential debate, infamously coined the “Humbling in Hofstra...

Lifestyle

Vortic: Reimagining the Custom Wristwatch

Sep 27 2016 | 7:24pm ET

American watch manufacturer Vortic, which started out restoring antique pocket watch...

Guest Contributor

Malik: The Ever-Changing Middle Market and The Entering Class of 2016

Sep 2 2016 | 5:01pm ET

Deal sourcing and origination is only going to get more competitive given current...