Indonesia's AC Ventures said to be raising $500m across two funds

AC Ventures is led by (left-right) Adrian Li, Pandu Sjahrir, and Michael Soerijadji who all have entrepreneurial backgrounds.

Jakarta-based early-stage investor AC Ventures is in the market to raise $500 million across two venture funds, industry sources tracking the development said.

AC Ventures is targeting $250 million for its early-stage Fund IV and a separate $250 million for a new ‘select fund’ to double down on growth-stage winners from its portfolio, DealStreetAsia has learnt.

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