JAKARTA -- Indonesia's Merah Putih fund, set up by the government in partnership with the venture capital (VC) arms of various state-owned enterprises, plans to finalize its first close worth $300 million in the first quarter of next year, a top executive at the fund said on Tuesday.
DealStreetAsia
Indonesia's Merah Putih fund set for $300m first close in Q1 of 2023
Government-backed investment seen focusing on food, agriculture and finance
A man walks as the Indonesian flag is projected during a light show to celebrate the country's Independence Day. The first Merah Putih fund is looking to start investing in the nation soon. © Reuters
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