Mandiri Investment Management

It operates as a subsidiary of Bank Mandiri, which is a state-owned enterprise and Indonesia's largest bank by assets. While it shares a sovereign-linked parent, it is structured as an asset management business rather than a sovereign wealth fund. Its mandate is to execute private-market investments that complement the bank's core lending and treasury activities.

The firm focuses on early-stage startups, expansion-stage companies, and pre-IPO opportunities, often through direct co-investments. This stage-agnostic but growth-oriented approach allows it to participate across the venture lifecycle, with particular emphasis on late-stage venture and growth equity where the parent bank's corporate relationships are strongest.