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Singapore, October 2, 2025 — Sriwijaya Capital, a Southeast Asia-focused private equity firm, founded by prominent Indonesian business leader, Arsjad Rasjid, has signed a Memorandum of Understanding (“MoU”) with Abu Dhabi-based BlueFive Capital to form a strategic alliance aimed at strengthening capital flow between the Gulf and Southeast Asia.
The partnership will focus on building a South-to-South investment corridor, connecting Gulf sovereign wealth funds, institutional investors, and family offices with growth opportunities in ASEAN. Sriwijaya Capital will draw on its network of corporates, family businesses, private banks, and limited partners across the region, while BlueFive will leverage its global network, including but not limited to its access to long-term Gulf capital and Chinese state-owned enterprises and institutions.
The alliance will initially target Southeast Asia and the Middle East, with the option to expand into South Asia and other emerging markets. The two firms are also exploring collaborative initiatives in renewable energy and infrastructure, the digital economy and fintech, and healthcare and life sciences – with Indonesia serving as the anchor market and springboard for regional expansion.
"This MoU reflects the shared commitment of our two firms to build stronger cross-border investment linkages. Together, BlueFive and Sriwijaya will connect capital and opportunities between the Gulf and Southeast Asia, with a focus on high-growth sectors critical for the future," said Hazem Ben-Gacem, Founder and Chief Executive of BlueFive Capital.
Hartanto Tjitra, Chief Executive Officer of Sriwijaya Capital, said: "This partnership connects the Gulf region with ASEAN opportunities, allowing us to work with investors, scale companies and drive growth across both regions. It also underscores Sriwijaya's commitment to Indonesia and 'Indonesia Incorporated' initiative, where the private sector and government work together as a dual engine for growth."
Sriwijaya Capital recently announced the first close of its inaugural fund, which targets growth-stage companies across Southeast Asia in sectors such as healthcare, energy transition, consumer goods & services as well as business services & industrials.