Ant Global Partners to raise $250m cleantech fund

17 Feb 2009

Singapore-based private equity firm Ant Global Partners is to raise a $250m cleantech fund over the next three years for Indonesian water treatment and renewable projects, according to Reuters. The fund is being raised in conjunction with the Indonesia Ministry of Finance.

Indonesia’s sovereign wealth fund, Government Investment Unit, are to commit ten per cent of the fund, according to the report.

Ant Global Partners is the international investment arm of Japanese private equity investment company Ant Capital Partners. AGP was established in 2007, with a focus on private equity in Japan and Greater East Asia.

Founded in 2000, Ant Capital Partners (then Nikko antfactory) jointly invested by the Norinchukin Bank, Mitsubishi Corporation, and Nikko Citi Holdings, is a buy-out firm specialised in small-cap private equities. The company currently manages funds of approximately $1.4bn in aggregate commitment.

Some of the funds currently sponsored by AGP include: Primasia Ant Bridge No. 1 Greater China Secondary Fund, which invests in unlisted shares of Taiwan and Greater China; Ant Global Partners Japan Strategic Fund I which invests mainly in small-cap listed companies in Japan; and ICH-Nikko Antfactory Pan Asia I which invests primarily in China growth equity and related opportunities.

Tags: cleantech, private equity, water management, water treatment