By Aastha Maheshwari
OVO had earlier secured an undisclosed investment from Grab in return for a stake.
The six companies include Vale Indonesia and gold miner Nusa Hamahera Mineral, 75% controlled by Newcrest Mining.
OJK says it is processing the registration of 145 lending platforms, while the number of players that have already registered is 99 in total.
The Meikarta project, touted as the “Shenzhen of Indonesia”, will be completed before its deadline, said John Riady, the newly appointed CEO of PT Lippo Karawaci.
The funding comprises $730 million raised from a rights issue underwritten by the Riady family.
Intudo, which recently closed its second fund at $50 million, started out with an “Indonesia-focused” thesis before further streamlining its thesis to “Indonesia-only”.
LPs in its current fund include the family offices of Ciputra Group and the Philippines’ Ayala Corp.
The move strengthens its presence in a fast-growing Asian market.
The Lifepal transaction comes on the heels of ATM Capital’s investment in Indonesian freight marketplace Andalin along with Access VC.
With the partial divestment, Northstar is learnt to have already returned its fourth fund to its LPs.