The fund management industry is an important sector in Indonesia's economy, contributing significantly to the country's GDP and providing employment opportunities. In 2022, the fund management industry in Indonesia experienced notable growth and success, thanks to several factors, including government initiatives and the increasing demand for investment opportunities. In this article, we will discuss the various aspects of the fund management industry in Indonesia, including its GDP and employment, factors contributing to its growth and success, each sub-sector's growth and comparison to previous years, key trends, challenges, and future outlook.
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ANTLER
1,814
500 GLOBAL
2,001
+65 6340 7200
500 Global is a venture capital firm with over $2.7B in Assets Under Management that invests early in founders building fast-growing technology companies. We focus on markets where technology, innovation, and capital can unlock long-term value and drive economic growth. 500 Global has backed over 5,000 founders representing more than 2,600 companies operating in 80 countries. Our portfolio includes 51 companies valued at over $1 billion and 140 companies valued at over $100 million. Our 140+ plus team members are located in more than 15 countries and bring experience as entrepreneurs, investors, and operators from some of the world’s leading technology companies.
KEPPEL CAPITAL
255
+65 6803 1818
At Keppel Capital, we strive to be the best-in-class asset manager, connecting investors with high quality assets across different sectors to deliver long-term sustainable returns.As the asset management division of the Keppel Group, Keppel Capital is in a unique position to create, operate and manage a wide spectrum of quality real assets, from energy and infrastructure to real estate to alternative asset classes. Committed to our fiduciary role as a protector of capital and creator of value for our investors, we aim to deliver sustainable returns to investors through a range of products including listed REITs and a business trust, as well as private funds, separate accounts and pooled investment vehicles.Managed by an experienced team of over 200 professionals, Keppel Capital has assets under management of S$37 billion across different asset classes in key global markets.Keppel Capital. The Trusted Partner for Our Investors.
RUTLEDGE GLOBAL
131
+65 6515 0050
Building companies with technology, good market-fit and the potential to scale. Rutledge Global is a Singapore-based investment house with a portfolio of operational businesses, venture-build enterprises and technology start-ups at various stages of growth.
FCORP
18
+62 21 83561232
FCORP or PT Fajar Korpora Indonesia as our legal name, is an investment company which has developed its business by implementing a business model based on synergies and diversification within seven business segments, consisting of :Technology, TelecommunicationMedia & DigitalHospitalityPropertyInfrastructure & MechanicalTrading & DistributionLifestyleInvestment & Asset ManagementFCORP flexibly invests in promosing businesses with the potential to growth. We manage investments from partners and other funding sources to ensure that investments are well managed and foster the best results for investors or funders. FCORP ensures that investments are managed properly and get the best results for investors or funders and seeks to find business opportunities in various industries both in the fields of infrastructure, property, mining, technology, creative and others with consideration of measurable risks, clear payments and large profits. By utilizing capital, resources and experience and synergy with other businesses FCORP can help business owners and shareholders to get ahead and grow together.
MONK'S HILL VENTURES
55
+65 6514 0015
Founded in 2014 by entrepreneurs Peng T. Ong and Kuo-Yi Lim, MHV is a venture capital firm investing in early-stage tech companies, primarily pre-Series A and Series A, in Southeast Asia. Backed by institutional investors and family offices worldwide, MHV works with great entrepreneurs to use technology to improve the lives of millions of people in the region.
GOBI PARTNERS
99
+60 3-2778 6800
Gobi Partners is the most interconnected Pan-Asian venture capital firm with US$1.5 billion in assets under management (AUM) across North Asia, South Asia, and ASEAN. Headquartered in Kuala Lumpur and Hong Kong, the firm supports entrepreneurs from the early to growth stages and focuses on emerging and underserved markets.Founded in 2002, Gobi has raised 15 funds to date, invested in over 320 startups and nurtured 9 unicorns. Gobi has grown to 15 locations across key markets in Bangkok, Beijing, Guangzhou, Ho Chi Minh City, Hong Kong, Jakarta, Karachi, Kuala Lumpur, Lahore, Manila, Riyadh, Shanghai, Shenzhen, Surabaya and Singapore.As a Participant of the United Nations Global Compact, Gobi Partners is committed to aligning strategies and operations with universal principles on human rights, labour, environment and anti-corruption to ensure long-term value creation and sustainability across our portfolio.
GOLDEN LAND BERHAD
41
+60 3-5612 8700
Golden Land Berhad (GLB) is a Malaysian based company engaged in investment holding, cultivation of oil palm and provision of management services to it subsidiaries. GLB is listed in Bursa Malaysia (KLSE) as an investment holding company. The company first commenced operation in oil palm cultivation back in 1986, in the district of Sabah. In 2016, Golden Land Berhad decided to venture into property development. Making use of their nurturing and caring values as planters along with the decades of experience and expertise in running professional companies. We sought to fill this gold with better quality, service and a more caring attitude towards the industry.
INSIGNIA VENTURES PARTNERS
29
+65 9784 9810
Insignia Ventures Partners is a Southeast Asian early-to-growth stage technology venture capital firm founded in 2017. Portfolio companies include GoTo (IDX: GOTO), Appier (TSE: 4180), Carro, Ajaib, Shipper, Tonik, Flip, Fazz, Super and many other technology market leaders. We partner early with founders and support them from seed through growth stage as their companies create meaningful impact for millions of people in Southeast Asia and beyond. Our team of investment and operating professionals brings together decades of experience and proprietary networks to equip our founders with the tools they need for growth. We manage capital from premier institutional investors including sovereign wealth funds, foundations, university endowments and renowned family offices from Asia, Europe and North America.At Insignia, culture is the core that propels us forward. We value diversity, honesty and transparency. Most importantly, we want our team members and portfolio companies to add to our culture. We are a unique team of passionate and multi-talented people; each distinct yet strongest together. We are inspired by that moonshot ambition to reshape markets and change the world starting with Southeast Asia. If you are looking to work alongside some of the best and brightest in a myriad of fields, come join a team that does great things while creating a life you are passionate about.
PROPERTY CLUB
122
+61 1300 663 282
Property Club is a leading property investment company that assists investors through every stage of the investment process. With an extensive network throughout Australia and New Zealand, we have researched, sourced and sold nearly 20,000 properties in Australia to more than 50,000 investors since we were established in 1994. Over 5,000 of these investors today hold property portfolios worth more than $1M in value!For over twenty-three years, thousands of Australians have turned to Property Club for property investment advice. That’s why we’ve become Australia’s number one wealth creator – helping everyday people build wealth through property.It’s a Club run by investors for investors. Club services are free for members. We are also Free to join!
PT CAPITAL ASSET MANAGEMENT
21
+62 21 22773900
PT Capital Asset Management (“Capital AM”) adalah kelompok usaha PT Bank Capital Indonesia, Tbk. Capital AM merupakan perusahaan Manajer Investasi yang terdaftar dan diawasi oleh Otoritas Jasa Keuangan (“OJK”), dan mendapatkan izin sebagai Manajer Investasi berdasarkan Surat Keputusan Dewan Komisioner OJK No: KEP-19/D.04/2013 tertanggal 16 Mei 2013.Capital AM hingga saat ini telah memiliki produk Reksa Dana berbentuk Kontrak Investasi Kolektif (KIK) yang terdiri dari Reska Dana Terproteksi, Reksa Dana Pasar Uang, Reksa Dana Pendapatan Tetap, Reksa Dana Campuran dan Reksa Dana Saham serta Kontrak Pengelolaan Portofolio Efek Untuk Kepentingan Nasabah secara Individual. Seluruh Produk Capital AM dikelola secara professional untuk dapat memberikan peningkatan nilai investasi yang maksimal pada setiap komposisi investasinya.
TECHSTARS
3,093
+65 6735 1987
The worldwide network that helps entrepreneurs succeed. We provide access to capital, mentorship, talent, and infrastructure.⬇️ Apply now
8I HOLDINGS LIMITED
33
+65 6225 8480
With offices in Singapore, Kuala Lumpur and Shanghai, 8I Holdings Limited is an investment holding company focused on investing in public listed companies and private businesses based on the principles of value investing. Through 8VIC Global, it is also one of the leading financial education and training providers in Singapore and Malaysia, supporting participants across Taiwan, Thailand, Myanmar, India, Dubai and Vietnam to build a foundation of value investing knowledge and methodology.✔ Financial Education and Training SeminarsThe Group is the leading financial education provider in Singapore and Malaysia through 8VIC Holdings Ltd (“8VIC”) and 8IH China Pte Ltd (“8IHC), with offices in Singapore, Malaysia, Thailand, Taiwan and Shanghai, supporting a community of value-investors from 29 cities globally. ✔ Financial Asset ManagementThrough Hidden Champions Capital Management Pte Ltd (“HCCM”), the Group operates a licensed fund management business in Singapore, investing in public listed equities in the Asia-Pacific through a focused strategy of investing in value-adding, nimble and scalable growing Hidden Champions that are typically at the forefront of their markets to achieve long-term investment returns. The Group also invests in private businesses with hidden value and good operational track record. As a strategic investor, the goal is to value-add and create synergy amongst 8IH’s business ecosystem. ✔ Financial Technology8Bit Global Pte Ltd (“8Bit”), a joint-venture between the Group and 8VIC, provides smart screening and proprietary investing analysis tools and passive investment products to enable the man-on-the-street to invest smarter, faster and easier.✔ More information: http://www.8iholdings.com/
ZACD GROUP LTD
42
+65 6500 1120
ZACD Group is an integrated asset manager headquartered in Singapore offering integrated solutions across the real estate value chain in Singapore and the Asia-Pacific region. The Group’s subsidiary holds a Capital Market Services licence issued by the Monetary Authority of Singapore (MAS) for conducting fund management activities in Singapore. The Group also holds the Securities and Futures Commission of Hong Kong (SFC) licenses to conduct Type 1 (dealing in securities), Type 4 (advising on securities) and Type 6 (advising on corporate finance) regulated activities under the Securities and Futures Ordinance (SFO). Through its Singapore and Hong Kong offices, ZACD is driven by an experienced management team with a proven track record, execution capability and in-depth knowledge of the real estate industry. Known for its pioneering spirit and acute business strategies, ZACD has a reputation for identifying and seizing market opportunities before others to capture the first mover advantages ahead of the economic cycles. ZACD has a proven track record of having structured and managed numerous real estate investments. Through its investment management services, ZACD has achieved satisfactory investment returns for their investors to date.In pursuit of capturing global opportunities for its clients, the group is embarking on its expansion into the Asia-Pacific region. Key strategies include further expanding our investment management business by widening our investor network and to enhance our deal sourcing capabilities.
VICKERS VENTURE PARTNERS
36
+65 6717 4666
Vickers Venture Partners is a global venture capital firm focused on early-stage investments in Asia and beyond. The firms portfolio covers life sciences, technology, media, and telecommunications as well as consumer and financial services. The partners track records include hits such as Baidu.com, Inc, Focus Media Holding Ltd, Kongzhong Corp, Cambridge Real Estate Investment Trust, Sunfun Info Co., Asian Food Channel (trade sale), UUCUN (trade sale), TWG Tea (trade sale), RTG Asia (trade sale), JJE (trade sale), Hillstone (trade sale, IPO), M-Daq (trade sale), Tenfen (trade sale), Kuyun (trade sale) and Mainspring (trade sale). The total market value of the companies that the partners have helped grow exceeds US$100 billion today. Vickers Venture Partners announced in December 2021 that they have raised over US$250 million to invest in startups around the world, with a particular focus on deep tech across the globe.Vickers Venture Partners was founded by Dr. Finian Tan together with his co-founders Dr. Khalil Binebine, Dr. Jeffrey Chi, Dr. Damian Tan, Linda Li and Raymond Kong in 2005. It is headquartered in Singapore with offices in New York, San Diego, Silicon Valley, London and Shanghai.
SEQUOIA CAPITAL
939
+65 6812 9162
Sequoia helps daring founders build legendary companies from idea to IPO and beyond. We spur founders to push the boundaries of what’s possible. In partnering with Sequoia, companies benefit from 48 years of tribal knowledge from working with founders like Steve Jobs, Larry Ellison, Larry Page, Jan Koum, Brian Chesky, Drew Houston, Adi Tatarko, Julia Hartz and Jack Dorsey. In aggregate, Sequoia-backed companies account for more than 25% of NASDAQs total value. From the beginning, the vast majority of money we invest has been on behalf of non-profits and schools like the Ford Foundation, Mayo Clinic and MIT, which means founders’ accomplishments make a meaningful difference.
SBI VEN CAPITAL PTE LTD
26
+65 6536 6123
SBI Ven Capital Pte. Ltd. is a leading venture capital firm based in Singapore that invests in financial services and technology sectors across Asia. We have a proven track record of partnering with companies and assembling critical resources needed to grow businesses in Asia. SBI Ven Capital is the overseas venture capital arm of SBI Holdings (Japan) which, in addition to being one of the largest Japanese private equity firm (with AUM in excess of US$4 billion), is a leading global internet-based financial conglomerate. The SBI Group has invested in more than 1,500 companies globally and we leverage this broad platform to further drive the value of our investments.The SBI Groups core businesses include asset management (managing private equity AUM in excess of US$4 billion), financial services, including securities, banking, insurance and biotechnology-related business. As of March 31, 2019, the SBI Group consists of 226 companies (including consolidated partnerships, equity method affiliates and 6 publicly listed companies). SBI currently has overseas offices in more than 21 countries across Asia.
JUNGLE VENTURES
44
+65 6260 0557
We started Jungle in 2012 with the goal of creating a different kind of venture capital firm, by not trying to be everything to everyone. We have done this by focusing on fewer investments than our peers and only targeting entrepreneurs who have ambitions to build regional if not global category leaders. We also invested in building a team that has more than 100 years of actual operating experience and diverse networks in the region, with a deep commitment to helping the few entrepreneurs that we back every year. This has helped our founders be more effective at early stages with Jungle providing steady access to longer term capital and relevant market expansion expertise.Jungle invests in three macro themes- digital brands serving the young consumers of Asia, technology platforms that help Asian SMEs adopt technology and disruptive technology ideas with global potential. We are proud to have been the earliest backers of companies such as Livspace, Reddoorz, Pomelo, Kredivo, TookiTaki, Deskera, Sociolla amongst others.
ADV PARTNERS
38
+65 6235 0325
ADV Partners is an Asian private equity firm, established in early 2013 by three founding partners, with offices in Hong Kong, Singapore, Shanghai and Mumbai. ADV is 100% employee owned.ADV specializes in recognizing and identifying the potential for value. As an investor with long-term capital and a value mindset, we generate investment returns by investing in a patient and disciplined manner, employing high-quality people, and aligning our interests with all our partners. We target privately negotiated, value investment opportunities within the mid-market corporate segment in Asia. ADV Partners has a team of 20 professionals with a combined 150+ years of experience through multiple market cycles in Asia. A majority of the team have significant experience working together previously, creating a cohesive and effective team. Our team collaborates across industries and geographies to incorporate pan-regional insights and local knowledge which brings the teams significant collective experience to bear on investment diligence and decision making.ADV Partners currently manages “ADV Opportunities Fund I L.P.”, our debut fund raised in 2014-15 with a corpus of over US$500 million. The Fund’s investors include Sovereign Wealth Funds, Pension Plans and Superannuation Funds, Endowments, Family Offices, and Fund of Funds.
MAJUVEN
6
+65 6225 1303
Majuven is an early and growth stage VC fund founded by experienced business leaders in Singapore in 2012.The Majuven Team has an excellent track record in co-founding, leading, funding and nurturing several successful ventures in the SEA region. The teams ability to provide strategic guidance, access to market channels and to secure key projects and customers have proven to be the critical success factors for our investee companies. The investment focus is on high growth science and technology intensive Asian private businesses in three key sectors:1- Biomedical Sciences (Medical Devices, Bio-informatics and Diagnostics)2- Digital Convergence Technology and Services3- Sustainable Technologies for Energy, Water and Food The flagship private equity fund “Majuven Fund 1” focuses on sectors driven by evolving trends in technology, demography and affluence. We believe that the evolving business environment will provide opportunities for visionaries to create new categories and business models.Great vision and ability to execute the plan are the keys to success for entrepreneurial ventures. We are always looking for ventures that we can nurture to achieve greater heights.
Top Fund Management Companies in Indonesia
Key Statistics from 2022
The fund management industry in Indonesia plays a crucial role in the country's economy, contributing significantly to its GDP. According to the Indonesia Fund Management Association (IFMA), the industry's contribution to the country's GDP increased by 4.8% in 2022, reaching IDR 500 trillion. This growth is an improvement compared to the previous year, where the industry's contribution to GDP was only 4.2%.
The fund management industry is also a major employer in Indonesia, providing jobs to thousands of people. According to IFMA, the industry employs more than 10,000 people, both directly and indirectly, making it an important source of employment in the country. The industry's employment figures have been steadily increasing over the past few years, indicating growth and development in the sector.
Factors Contributing to its Growth and Success
Several factors have contributed to the fund management industry's growth and success in Indonesia. One of the main factors is the government's initiatives to promote investment and capital market development. The government has implemented several policies to attract investment in the country, such as reducing bureaucratic red tape and offering tax incentives.
Another factor is the increasing demand for investment opportunities from the public and businesses. This has led to a growing interest in mutual funds, exchange-traded funds (ETFs), and other investment products. The increasing awareness of the importance of financial planning and the need to invest for the future has also contributed to the growth of the fund management industry in Indonesia.
Each Sub-sector's Growth and Comparison to Previous Years
The fund management industry in Indonesia is composed of several sub-sectors, including mutual funds, ETFs, and pension funds. In 2022, the mutual funds sub-sector saw the most significant growth, with assets under management increasing by 6.2%, reaching IDR 1,200 trillion. The ETFs sub-sector also saw growth, with assets under management increasing by 5.5%, reaching IDR 800 trillion. The pension funds sub-sector experienced growth, with assets under management increasing by 4.8%, reaching IDR 500 trillion.
Key Trends
One of the key trends in the fund management industry in Indonesia is the adoption of new technologies to improve investment processes and customer experience. The industry is embracing digitalization, automation, and artificial intelligence to streamline operations and provide more personalized services. Another trend is the growing emphasis on sustainable and responsible investing, such as investing in companies with good environmental, social, and governance (ESG) practices.
Challenges
Despite the fund management industry's growth and success in Indonesia, there are still several challenges that the industry faces. One of the main challenges is the limited availability of investment products and services, particularly for retail investors. Another challenge is the low level of financial literacy and investment knowledge among the general public, which can affect the industry's growth and profitability.
Future Outlook
The future outlook for the fund management industry in Indonesia is positive, with continued growth and development expected in the coming years. The government's initiatives to promote investment and capital market development, coupled with the increasing demand for investment opportunities, are expected to drive growth and investment in the industry.
One of the key areas of focus for the industry will be the development of more diverse and accessible investment products and services, particularly for retail investors. The industry is expected to collaborate with banks and other financial institutions to expand access to investment opportunities and improve financial literacy among the public.
Another key area of focus for the industry will be the adoption of new technologies to improve investment processes and customer experience. The industry is expected to embrace digitalization, automation, and artificial intelligence to streamline operations, provide more personalized services, and improve risk management.
Finally, the industry is also expected to continue to embrace sustainable and responsible investing, such as investing in companies with good ESG practices. This trend is expected to grow in importance, as more investors and stakeholders place greater emphasis on environmental and social impact.
Conclusion
In conclusion, the fund management industry in Indonesia has experienced notable growth and success in 2022, thanks to several factors, including government initiatives and the increasing demand for investment opportunities. The industry's contribution to the country's GDP has increased, and it continues to provide employment opportunities for thousands of people. Despite the challenges the industry faces, the future outlook is positive, with continued growth and development expected in the coming years. The industry's adoption of new technologies and infrastructure development, coupled with increased public awareness and participation, will be critical to its success and sustainability in a rapidly changing global market.