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Saratoga Capital
Saratoga Capital was established in 1997 by Edwin Soeryadjaya and Sandiaga Uno. Michael William Soeryadjaya serves as President Director. The firm invests...
Saratoga Capital
Saratoga Capital was established in 1997 by Edwin Soeryadjaya and Sandiaga Uno. Michael William Soeryadjaya serves as President Director. The firm invests across Indonesia through listed equities and direct holdings. Asset allocation includes energy via Adaro Energy and Adaro Andalan Indonesia, infrastructure via Tower Bersama Infrastructure, and mining via Merdeka Copper Gold. Additional positions cover consumer automotive at Mitra Pinasthika Mustika and construction at Nusa Raya Cipta. Private holdings include MGM Bosco Logistics at 62.9 percent ownership, Brawijaya Healthcare, ZAP Clinic, Xurya Daya Indonesia, and Forest Carbon. Activity spans Indonesia and select cross-border exposure. The firm lists 3.8 billion USD in assets per internal records. It maintains headquarters at Menara Karya in Jakarta. Philanthropic vehicles include Yayasan Saratoga and the William & Lily Foundation. February 2024 participation occurred at the Lytham Partners Investor Select Conference. Ownership remains concentrated with the founding families. Michael William Soeryadjaya holds the chief executive role as successor. The structure combines public market positions with direct operating company control inside Indonesia.
General information
Firm type
Generalist
Year founded
1997
AUM
Undisclosed
Location
Region
Asia
Country
Indonesia
City
Singapore
Corporate office
Menara Karya, 15th Floor Jl. H.R. Rasuna Said Block X-5 Kav. 1-2, Jakarta, 12950, Indonesia
Principals
Edwin Soeryadjaya
Founder and President Commissioner
Sandiaga Uno
Co-founder
Michael William Soeryadjaya
President Director
Sector focus
Frequently asked questions
Who runs investment decisions at Saratoga Capital?
Edwin Soeryadjaya serves as President Commissioner. Michael William Soeryadjaya acts as President Director. Sandiaga Uno remains a major shareholder.
Does Saratoga Capital participate in fund commitments or only direct deals?
The firm executes direct equity positions and operating company ownership. Public filings show listed stakes in Adaro Energy, Tower Bersama Infrastructure, and Merdeka Copper Gold.
What investment stages does Saratoga Capital typically target?
Holdings include listed equities, growth-stage companies, and established operating businesses. Examples range from early renewable projects at Xurya Daya Indonesia to mature producers at Adaro Energy.
Where does the underlying wealth come from?
Wealth traces to founders Edwin Soeryadjaya and Sandiaga Uno through their control of PT Saratoga Investama Sedaya Tbk.
How is Saratoga Capital related to Adaro Energy?
The firm maintains a 15.2 percent stake in Adaro Energy Indonesia Tbk as a core long equity position.
Does Saratoga Capital maintain philanthropic structures?
Yes. Vehicles include Yayasan Saratoga and the William & Lily Foundation, focused on education and community development in Indonesia.
What is Saratoga Capital's known posture on co-investments alongside external GPs?
The firm has partnered with Provident Capital Indonesia on positions including Tower Bersama Infrastructure and Merdeka Copper Gold.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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