Private Credit
The Indies Special Opportunities family of funds invests primarily in secured private credit and structured equity investments. The funds target investments into mature and emerging companies with a robust downside protection within Southeast Asia, focusing particularly on Indonesia.
For investees, the funds fill a pertinent need for high-quality, intermediate financing sitting between senior debt and shareholder’s equity. For investors, the funds have historically offered consistent market-leading returns, strong distributions, and the absence of a J-curve effect.
Why the Opportunity Exists
We believe that of Asia’s private credit and structured equity markets, Indonesia presents one of the most compelling opportunities. Developed Asian markets (including Australia) are typically lower yielding and more competitive, while many developing Asia markets are either dominated by local banks or do not offer optimal risk-reward trade-off.
On the other hand, as Southeast Asia’s largest economy, Indonesia boasts higher yields, strong growth and a substantial volume of quality assets, all while being relatively open to foreign investment, which we believe provide the best conditions for generating superior returns.
Increasingly, opportunities are also gestating in other parts of Southeast Asia, driven fundamentally by the sharp rise in business creation, strong economic growth and expanding consumption in recent years. As a leading Southeast Asia-focused investor with substantial track records of operating in this market, we are well positioned to grasp the attractive, exciting new opportunities that are present here.
Investment Strategy
Through rigorous downside protection and active upside management, Indies Special Opportunities seeks to deliver attractive risk-adjusted and private equity-like returns. Our investments are:
Proprietary in Nature
Self-originated deals often featuring repeat counterparties, sourced through our deep local networks
Inbuilt Forex Hedge
US dollar-denominated ensure that the fund has minimal exposure to forex fluctuations
High Yielding, Well Collaterised
Investment horizon up to 3-4 year, high target IRR, often with equity upside, and secured by high quality fixed or financial assets
Growth-Driven, Not Distressed
Our capital is most often intended for expansionary purposes, to tap the best growth opportunities in Southeast Asia with downside protection
Target Sectors
The fund are sector-agnostic, targeting industries that benefit from strong growth and/or predictable cashflows.