Indonesian fund manager Asiantrust Capital Partners, which has backed startups such as quick commerce company Dropezy and DTC investment manager Simpan, is set to close its latest hybrid fund at half the target of $30 million before the end of this year.
“We plan to be very selective in our approach to invest now and only want to invest in companies that have identified a good path to profitability and are making money,” Daniel Sastro, Vice-President, Asiantrust Capital Partners, told DealStreetAsia.
