WHO WE ARE
Cakra Ventures is an independent venture capital and
advisory firm licensed by Indonesian Financial Services Authority
(OJK) No. KEP-132/D.05/2015.
Based in Jakarta, Indonesia, our highly connected and experienced people bring deep knowledge
of the Indonesian landscape including key players and the regulatory environment,
as well as a commitment to helping businesses and entrepreneurs succeed in Indonesia, our home
For more information, or to discuss your needs, please contact us
Vision
“To become the enablement partner of choice by 2020”
Mission
“To enable organizations to reach their full potential”
Values
- Courage
We venture to make the impossible possible - Integrity
We hold ourselves to the highest standards of transparency and ethical behavior - Unity in Diversity
We believe in diversity and that it is an asset to the organization
- Teamwork
None of us is as strong as all of us - Quality
We are committed to excellence in everything we do - Social Responsibility
We respect the environment and are committed to sharing our successes with the community
WHAT WE DO
At Cakra Ventures, we offer a wide range of venture capital, financing, investment and advisory services
in order to ensure that we can meet our clients' needs in the most effective way possible
We provide venture investments along with our management and business expertise to extraordinary founders or ventures in pursuit of building great enterprises.
Our forms of venture investments include:
- Venture Capital –Traditional venture capital funding through capital investments and guidance from our experts
- Venture Debt – An alternative form of venture financing in the form of debt, allowing founders to retain more equity
Channeling – We facilitate the effective channeling of funds for foreign & domestic institutions or individuals.
Financing – We offer a number of different financing facilities, such as:
- Productive Financing – Financing for the purposes of working capital
- Invoice Financing – Financing capital against unpaid invoices
- Structured Financing – Financing arrangements where withdrawals are structured as agreed
Our unusual depth of insight and business experience allows us to provide strategic advisory services that truly add value for our clients.
- M&A – Specialist services throughout the entire Buy- Side/Sell-Side M&A deal lifecycle
- Capital Raising – Structuring, management and negotiation services for the raising of capital
- Restructuring – Strategic advisory services for operational and financial improvement initiatives
- Due Diligence – Comprehensive research and analysis services
MEET OUR PEOPLE
Our team is comprised of business actors and entrepreneurs with diverse backgrounds.
Their experience and capabilities span startups to established businesses, as well as the public sector.
What they all have in common is a commitment to unlocking value and transforming ideas into realities.
Ananda Siregar
Commissioner
Ananda Siregar combines a track record in finance and investment with proven entrepreneurship, leveraging his ability to unlock value to deliver effective solutions to business and civil society challenges.His experience spans both private and public sectors in a variety of fields. On the public side, he was previously Vice President for the Indonesian Bank Restructuring Agency (IBRA), and he has also served as Special Staff to the Ministry of Education and Culture, as well as Expert Staff to the Investment Coordinating Board (BKPM) and Ministry of Trade. On the private side, he was previously part of Farindo Investments, a private equity joint venture between Farallon Capital and Djarum, before founding Blitzmegaplex (now CGV Blitz), the second largest and only publicly-listed cinema operator in Indonesia which became a publically listed company in 2014 and the first cinema chain traded on the Indonesia Stock Exchange.
Harvardi Hendarko
Chief Investment Officer (CIO)
Harvardi Hendarko’s responsibilities at Cakra Ventures include overseeing, structuring and managing the Company’s venture capital investments and advisory projects. He has a demonstrated track record in Jakarta-based private equity firm with regional focus, as well as in fundraising, capital markets, and business transformation including corporate restructuring. He moreover has experience with starting new businesses, having previously establishing a new company under Indonesian group of companies and growing it to be sustainably operational. He began his career in multinational investment banking firms based in Indonesia such as Credit Suisse, JP Morgan and Jardine Fleming.
Riza Ichsan Fahriza
Chief Operating Officer (COO)
Riza Ichsan Fahriza brings a combination of legal, operations, and stakeholder relations experience to the COO role, where he is responsible for coordinating and overseeing operations including ensuring regulatory compliance. Previously he handled legal, corporate secretary duties and provided support to senior executives at a number of leading companies in the fast moving and high profile media, FMCG and energy sectors. He has Master Degree in Business Law and experience as a practicing lawyer in Indonesia.
M. Arsjad Rasjid P.M.
Advisor
M. Arsjad Rasjid P.M. is a dynamic and well-respected figure in the Indonesian business community. During his career, he has led both established and new companies to realize significant growth opportunities and expansion, and has also executed successful performance turnaround in challenging business environment He is currently President Director and Group CEO of Indika Energy, Indonesia’s leading integrated energy company with more than 40 years of operational track record. Recognized as World Economic Forum (WEF) Young Global Leader in 2011, he is committed to helping businesses and entrepreneurs succeed in Indonesia with a view to creating value and advancing the country.
Aziz Armand
Advisor
Azis Armand’s career spans more than two decades in corporate finance and investment, energy and business operations where he served as Chief Financial Officer. Notable achievements within Indika Energy Group include starting a successful coal trading business and leading several global bonds issuance with total value in excess of US$1.2 billions. These achievements demonstrate his ability to work on both a big picture level as well focus on details towards generating real value.
M. Chatib Basri
Advisor
M. Chatib Basri has an exceptional track record as the former Minister of Finance of the Republic of Indonesia and the former Chairman of Indonesia’s Investment Coordinating Board. A sought after advisor to leading companies with extensive insight into the Indonesian and global economy, he is presently President Commissionerr of XL Axiata, Indonesia’s third largest telecommunications provider. He was formerly a Senior Fellow of Harvard Kennedy School, a member of the Asia Pacific Regional Advisory Group of the International Monetary Fund (IMF) from 2010 to 2012.
Richard Bruce Ness
Advisor
Richard Bruce Ness has been actively involved in the energy, resources and mining sectors for more than 30 years, helping shape the industry throughsenior positions at some of the most prominent companies in these sectors including Indika Energy Group, Newmont,and Freeport Indonesia. Reflecting his track record, deep field expertise and extensive network, as well as his internationalties, he is Chairman of Mining for the American Chamber of Commerce, Indonesia
Boyke Mukijat
Advisor
Boyke Mukijat has over three decades of proven experience in senior finance and banking positions, ranging from establishing new companies to helming and supervising established and highly prominent businesses with a focus on finance, energy and engineering. Among others, he was appointed by the government to lead State Owned Enterprise PT Perusahaan Pengelola Aset, which handles state assets. He has also held numerous other senior positions at Bahana Group, Indika Energy and more. He is an Underwriter Representative, and received his Investment Management Adviser License in 1995.
Dayan Sadikin Hadipranowo
Partner
Dayan Sadikin Hadipranowo is a leading organizational management and business practitioner, with a record of successfully executing change management, quality improvement, corporate culture transformation and employee engagement, as well as governance practices. In his career, he has successfully overseen business development as well as corporate culture change at leading domestic and multinational companies including Indika Energy, Coca-Cola Amatil Indonesia and DHL Express, and Sony Electronics Indonesia.He has a Masters degree in Commerce with Advanced Specialization in Human Resources from the University of New South Wales, Sydney, Australia in in 1999.
Ben Lawson
Partner
Ben Lawson has over 20 years of experience with infrastructure projects in South-East Asia, as well as long-standing relationships built with many of Indonesia’s most prominent public, and private sector individuals. Over the years he has represented and/or consulted for many international conglomerates and has been active in infrastructure, bulk commodities trading, mining, energy (coal, oil & Gas), petrochemicals/fertilizers and business development consulting. As the owner of Motus Gemilang, Managing Partner at Inticon Consulting, and Chief Operating Officer at a major coal company, he is also intimately familiar with the challenges of running a business. Previously he was Expert Staff for energy affairs to the Minister of Small and Medium Enterprises during Indonesia’s energy transformation period. He is Advisor to the Board of U.S. based Global Change Innovative Solutions (GCIS) LLC and the Vice-Chairman of both the Djakarta Mining Club and the Coal Club Indonesia, two non-profit organizations promoting exploration and sustainable mining practices, with a combined 1,400 members
Vittorio Molinari
Partner
Based in Singapore office, Vittorio has close to 20 years of professional experience in designing and transforming complex strategic plans into concrete tangible results. Prior to joining Cakra Ventures’s Singapore office, Vittorio was South East Asia’s Managing Director of the largest professional services firm solely focused on strategy execution. He possesses extensive business background in international and multi-cultural environments gained from having lived and worked extensively across Asia Pacific, Europe, US, Middle East and Africa. Over the past 20 years, he has been the trusted strategic advisor to “C-level” clients from public and private sectors, in diverse industries such as Energy, Pharmaceutical, IT, Semiconductor, FMCG, Shipping & Logistics as well as for Government/Public Sector. Vittorio also serves on the International Board of YCAB Foundation, is Venture Partner at Accion Asia Capital Management Pte Ltd. and is often keynote speaker at regional events.
Thiam Joo Chua
Partner
Mr. Chua is a co-founder of Accion Capital, a private equity fund. Prior to founding Accion, Mr. Chua was a Senior Vice President at GK Goh Strategic Holdings Pte Ltd, part of a prominent private family office in Singapore. Mr. Chua was formerly an Executive Director on the Board of PT Truba Alam Manunggal Engineering Tbk, one of the largest integrated power company listed on IDX. Prior to that, he was a member of the management of PT Kideco Jaya Agung (3rd largest coal mine in Indonesia) and Vice President (Corporate Finance) in Indika Group. Mr. Chua has served as Singapore Economic Development Board’s Jakarta Centre Director as well as First Secretary (Industry) at the Singapore Embassy in Indonesia. Mr. Chua has a B.Eng (Hons) from NUS and is a Chartered Financial Analyst (CFA).
