Danareksa venture capital

JAKARTA (JP): State-owned finance company PT Danareksa and its Japanese and Taiwan partners launched their new joint venture company yesterday.

The joint venture, Daiwa NIF Ventures, is soon to establish a venture capital company -- Danareksa Ventura Pertama -- which is expected to have total assets of about US$50 million.

The company said yesterday that it would invest the fund in leading infrastructure, telecommunication, construction, services, export companies.

The company is 25 percent owned by PT Danareksa, 20 percent by Daiwa Securities, 20 percent by Nippon Investment and Finance Co., Ltd, 30 percent by Mithras Limited and 5 percent by Central Investment Holding Co. Ltd Taiwan. (aly)