Morgan Stanley Prepares Billion Dollar Fund
Monday, 03 September, 2007 | 18:15 WIB

Tempo Interactive, Jakarta: Morgan Stanley is preparing US$1.5 billion fund (around Rp10 trillion) for investment in several Asian countries, including Indonesia.

According to Morgan Stanley’s Private Equity Managing Director, H. Chin Chou, the fund will be invested in the large-scaled sector, such as mining and financial services. “Infrastructure is also one sector that is being considered,” he told reporters in Jakarta last week.

He explained that the fund that will be invested is from fund collecting or private equity from personal ownership called the private equity fund. It is a closed investment that is not offered to the public.

According to Chou, the fund collecting was carried out by Morgan Stanley for the third time within the last five years. “This private equity investment started to shine in the last five years,” he said.

Chou said that Morgan Stanley will disburse 25 percent of the fund for investment in Asia including Indonesia. “But China is still our main investment destination,” he said.

Indonesia has a large opportunity as the investment destination despite the fact that the investment climate is still not yet favorable. “Cheap costs and high investment are the factors of consideration,” said Morgan Stanley’s Chief Investment Officer and Head of Investment, Paul Marson.

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