Indies Capital Partners
- Company typePrivate
- Founded2009
- HeadquartersSingapore, Singapore
- Headcount11–50
- GTM typeB2B
- OfferingServices
Indies Capital Partners firmographics
Firmographics- Name
- Indies Capital Partners
- Legal name
- Indies Capital Partners Pte. Ltd.
- Website
- https://indiescp.com
- Company type
- Private
- Founded year
- 2009
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Ownership category
- akta.pro rank
Indies Capital Partners industry classification
Industry- Product category
- Alternative Asset Management
- NAICS
- Other Investment Pools and Funds (5259), Other Financial Investment Activities (5239)
- SIC
- Investors, Nec (6799)
- akta.pro primary industry
- Large-Cap / Sponsor Finance Direct Lending (FSANADAJ)
- akta.pro secondary industry
- Sustainable Private Markets (Impact PE/VC, Private Credit, Infrastructure) (FSAAALAG)
Keywords
Where Indies Capital Partners is headquartered
LocationHeadquarters
- HQ city
- Singapore
- HQ country
- Singapore
- HQ region
- Asia
Offices1 record
Markets served
Indies Capital Partners business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure, Others
Revenue model
- Fund Management Fees: Indies Capital earns management fees from managing capital across its private credit and private equity fund vehicles for institutional investors. The firm's funds are structured as Restricted Funds available only to sophisticated investors under Singapore's Securities and Futures Act.
- Performance / Carried Interest: As a private investment firm, the firm earns performance-based carried interest on returns generated for investors above hurdle rates in its fund vehicles, aligning GP and LP interests.
- Investment Income / Portfolio Returns: Through direct equity and credit investments in portfolio companies, the firm generates returns via distributions, dividends, and capital gains from portfolio exits (M&A or IPO).
Go-to-market motion1 record
Distribution channels1 record
Marketing channels3 records
Indies Capital Partners product offering
Product offeringCore offering
Indies Capital Partners is an MAS-licensed Singapore alternative asset manager that raises and manages private credit and private equity fund vehicles targeting mid-to-large cap and growth companies across Southeast Asia and Australia. Its core offerings are the Private Credit strategy (delivered through the Indies Special Opportunities fund series) and the Private Equity strategy (delivered through the Indies Strategic Technology fund series, Indies Hospitality Investment, and Indies Select Equity VCC), distributed exclusively to sophisticated and institutional investors.
Product overview
Indies Capital Partners operates as an alternative asset management firm offering two core investment strategies: Private Credit and Private Equity. The Private Credit strategy provides non-dilutive capital solutions to mid-to-large cap companies across Southeast Asia and Australia, delivered through a series of Special Opportunities funds (ISO I through ISO IV). The Private Equity strategy targets growth companies in Indonesia and Southeast Asia through dedicated funds including the Indies Strategic Technology series. Additional products include sector-specific vehicles like Indies Hospitality Investment and the variable capital company structure Indies Select Equity VCC. The firm also integrates ESG factors across all investments through its Sustainable Investing Policy. The investment universe spans private credit and private equity, with funds typically raising every 1-2 years to deploy capital into Southeast Asian markets.
Differentiator
Problem solved
Functional benefit
Products and services
- Private Credit Strategy Fundamentals-driven, value-oriented investment strategy targeting mid-to-large cap companies across Southeast Asia and Australia with stable cashflows, providing flexible, non-dilutive USD-denominated capital solutions to borrowers through the Indies Special Opportunities fund series (I–IV). For sophisticated and institutional investors.
- Private Equity Strategy Investment strategy targeting superior risk-adjusted returns through a portfolio of curated growth companies across key sectors in Indonesia and Southeast Asia, with bias towards high-growth companies benefiting from macroeconomic and demographic tailwinds. Delivered via the Indies Strategic Technology fund series, Indies Hospitality Investment, and Indies Select Equity VCC. For sophisticated and institutional investors.
- Indies Special Opportunities Private Credit Fund (ISO I) The first Indies Special Opportunities private credit fund vehicle, raised in 2016, providing flexible non-dilutive capital to Southeast Asian borrowers. Structured as a Restricted Fund for sophisticated investors.
- Indies Special Opportunities II (ISO II) Second private credit fund in the Special Opportunities series, raised in 2018, continuing deployment of flexible capital solutions to Southeast Asian companies. Restricted Fund for sophisticated investors.
- Indies Special Opportunities III (ISO III) Third private credit fund in the Special Opportunities series, raised in 2020 with final close in 2022. Continues the firm's credit investment platform across Southeast Asia. Restricted Fund for sophisticated investors.
- Indies Special Opportunities IV (ISO IV) Fourth private credit fund in the Special Opportunities series, raised in 2023, continuing deployment of the firm's credit strategy across Southeast Asia. Restricted Fund for sophisticated investors.
- Indies Strategic Technology (ISTF I) Technology-focused private equity fund launched in 2019, investing in growth companies in Indonesia and Southeast Asia's technology sector. Restricted Fund for sophisticated investors.
- Indies Strategic Technology II (ISTF II) Second technology-focused private equity fund, launched in 2021 with final close in 2022, continuing the firm's investments in Southeast Asian technology growth companies. Restricted Fund for sophisticated investors.
- Indies Hospitality Investment Sector-specific private equity investment vehicle launched in 2021, focused on hospitality investments in Indonesia, including the 60% acquisition of PT Swiss-Belhotel International Indonesia and PT Zest Hotels International Indonesia from Ciputra Group in November 2022. Restricted Fund for sophisticated investors.
- Indies Select Equity VCC Variable capital company structure fund raised in 2024, representing the latest addition to the firm's alternative investment product suite using a Singapore-specific VCC fund vehicle. Restricted Fund for sophisticated investors.
Companies that use Indies Capital Partners
Customer profileNamed customers2 records
Segments4 records
Ideal customer profiles5 records
Indies Capital Partners technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Indies Capital Partners partnerships and signals
Strategic signalScale indicators6 records
Recent moves7 records
Expansion highlights5 records
Indies Capital Partners competitors and assessment
Company assessmentDirect peers
- Affirma Capital: Singapore-headquartered alternative investment manager spun out of Standard Chartered Private Equity, focused on mid-market private equity and private credit across Southeast Asia and emerging markets. Closest comparable to Indies in strategy mix, regional focus, and ticket size.
- Navis Capital Partners: One of the largest dedicated Southeast Asia private equity firms, headquartered in Kuala Lumpur with a focus on mid-market control buyouts across the region. Comparable to Indies' SEA-focused equity strategy and mid-to-large cap ticket range.
- Creador: Southeast Asia-focused private equity firm investing in growth and consumer-led businesses across the region. Comparable to Indies' growth-company, Indonesia/SEA-focused equity strategy and LP base of institutional investors.
- RRJ Capital: Asia-focused investment firm managing private equity and private credit strategies with deep Asia exposure. Comparable dual-strategy platform and ticket size to Indies' credit and equity offerings.
- Northstar Group: Indonesia-focused private equity firm with a long history of investing in growth-stage Indonesian companies. Closely comparable to Indies' Indonesia-nexus equity strategy and local network-driven deal sourcing approach.
- Quadria Capital: Asia-focused private equity firm with significant Southeast Asia healthcare and growth equity exposure. Comparable regional focus and institutional LP base to Indies' PE strategy.
Broad incumbents
- PAG (Pacific Alliance Group): Asia-focused alternative investment manager with credit, equity, and special situations strategies across the region. Overlaps with Indies' dual credit/equity strategy and Asia focus, but operates at significantly larger scale and broader geographic footprint.
- KKR Asia: Global private equity and credit giant with substantial Asia-Pacific operations including Southeast Asia-focused funds. Represents the larger incumbent competitive set Indies faces in mid-to-large cap deals.
- Bain Capital Asia: Global alternatives platform with active Southeast Asia private equity practice. Direct competitive overlap with Indies in SEA growth equity and mid-to-large cap deals.
Regional players
- Saratoga Investama Sedaya: Indonesia-listed investment company focused on private equity and strategic investments in Indonesian growth companies. Comparable Indonesia-nexus equity strategy though predominantly domestic capital sources.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
Indies Capital Partners social profiles
Digital presenceIndies Capital Partners financial estimates
Financial estimateRevenue estimate
Valuation estimate
Indies Capital Partners leadership team
Management profileNumber of profiles
Profiles11 records
Indies Capital Partners subsidiaries and ownership
Company hierarchySubsidiaries2 records
Indies Capital Partners funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Indies Capital Partners M&A and investment
M&A and investmentM&A2 records
Investments11 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Indies Capital Partners
What does Indies Capital Partners do?
Indies Capital Partners is an MAS-licensed Singapore alternative asset manager that raises and manages private credit and private equity fund vehicles targeting mid-to-large cap and growth companies across Southeast Asia and Australia. Its core offerings are the Private Credit strategy (delivered through the Indies Special Opportunities fund series) and the Private Equity strategy (delivered through the Indies Strategic Technology fund series, Indies Hospitality Investment, and Indies Select Equity VCC), distributed exclusively to sophisticated and institutional investors.
Is Indies Capital Partners a public or private company?
Indies Capital Partners is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Indies Capital Partners founded?
Indies Capital Partners was founded in 2009. It employs 11 to 50 people.
Where is Indies Capital Partners based?
Indies Capital Partners is headquartered in Singapore, Singapore, in the Asia region.
How does Indies Capital Partners make money?
Three revenue lines are on record. Fund Management Fees are the primary driver. The others are performance / Carried Interest and investment Income / Portfolio Returns.
Who are Indies Capital Partners's main competitors?
Direct peers on record are Affirma Capital, Navis Capital Partners, Creador, RRJ Capital, Northstar Group and Quadria Capital. Broad incumbents are PAG (Pacific Alliance Group), KKR Asia and Bain Capital Asia. Saratoga Investama Sedaya is listed as a regional player.
Does Indies Capital Partners have an API?
No public API is recorded for Indies Capital Partners.
What industry is Indies Capital Partners in?
Indies Capital Partners's product category is Alternative Asset Management. Its primary akta.pro industry code is FSANADAJ, Large-Cap / Sponsor Finance Direct Lending, with a secondary code of FSAAALAG, Sustainable Private Markets (Impact PE/VC, Private Credit, Infrastructure). Its NAICS code is 5259 and its SIC code is 6799.