Indies Capital Partners, a Singapore-based alternative investment manager focused on Southeast Asia, announced Thursday the final close of its fourth private credit fund,
Indies Special Opportunities IV (ISO IV), at over $300 million — more than double the size of its predecessor.

Indies said in a statement that ISO IV attracted a diverse mix of global and regional investors, including sovereign wealth and pension funds, life insurers, financial institutions, corporations, and family offices.

“The steadfast support from both long-standing and new partners reflects continued confidence in our private credit strategies in Southeast Asia,

“We remain committed to delivering attractive, risk-adjusted returns and expanding our solutions to meet the growing needs of businesses across the region,” said Denny Goenawan, Managing Partner at Indies.

According to the statement, Southeast Asia’s reliance on bank financing has created a structural funding gap, opening significant opportunities for private credit.

Indies addresses this gap by providing tailored financing solutions that deliver attractive returns and diversification for investors.

With deep local expertise and an extensive regional network, the firm is well-positioned to navigate the region’s complexities.

According to the statement, ISO IV will target businesses with strong fundamentals and proven resilience, deploying capital to support expansion, strategic acquisitions, and balance sheet optimization.

This strategy reflects Indies’ commitment to long-term partnerships and sustainable value creation, while delivering differentiated private credit exposure to investors.

Founded in 2009 and headquartered in Singapore, Indies is Southeast Asia’s leading alternative investment manager, specializing in private credit and private equity solutions for mid-to-large cap companies.

In private credit, the firm has invested more than $1.3 billion since inception.

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