Sign up | Log in



PR Today

Home >> Press Release

Mandiri Investment Management enters into co-investing partnership with Armstrong Asset Management

Investment to focus on the emerging hydro sector in Indonesia

Mandiri Investment Management Pte Ltd (“Mandiri Investment Management”) has entered into a co-investment arrangement with Armstrong Asset Management Pte Ltd (“Armstrong Asset Management”) to work together to invest in renewable energy projects in Indonesia.

Both companies will start their collaboration by focusing on the emerging hydro sector in Indonesia, in particular mini hydro-electric power plants.

Armstrong Asset Management is a Singapore-based private equity fund that invests in small-scale renewable energy and resource efficiency projects in Southeast Asia. In November 2013, Armstrong Asset Management closed a Clean Energy fund dedicated to the emerging markets of Southeast Asia with US$164 million of total commitments.
Mandiri Investment Management is a Singapore-based fund management firm that provides Indonesian focused investment funds to accredited investors. Its Indonesian parent company, Mandiri Investasi, currently manages about US$2 billion in various types of mutual funds and is a part of Indonesia’s largest banking group, Bank Mandiri.

Mandiri Investasi and Mandiri Investment Management are striving towards being the leading catalysts for the development of the renewable and clean energy sector, as Indonesia has a clear need for a more environmentally-friendly way to power its growth, according to Pak Muhammad Hanif, the CEO of Mandiri Investasi.

“Having a credible international partner like Armstrong Asset Management will help strengthen our intellectual capital as well as access to an additional pool of capital. We are looking forward to work together with people who share our passion to provide power to the people in a sustainable manner while preserving the environment for our children to inherit," Mr Hanif said on the launch of the collaboration with Armstrong.

Michael McNeill, co-founder of Armstrong Asset Management said: “We are excited about the opportunity of working together with Mandiri Investment Management, as it shares our culture of good corporate governance, concern for the community and environment and focus on financial performance that has resulted in the Bank Mandiri Group becoming the Regional Champion that it is today.

“Together with Mandiri Investment Management”, Mr McNeill said, “we can mobilize private capital to catalyse the development of the renewable energy sector in Indonesia. We can help to make a positive contribution towards meeting the energy needs of the Indonesian economy on a long-term sustainable basis.”

About Armstrong Asset Management

Armstrong Asset Management is an independent asset manager, based in Singapore, focused on the clean energy sector in Southeast Asia’s emerging markets. Armstrong Asset Management invests in small-scale infrastructure projects and achieved a final close on its debut clean energy fund of US$164m in November 2013. Operating with a multidisciplinary team of investment professionals, all of whom possess deep sector knowledge and a collective 80 years of Southeast Asia operating experience, Armstrong Asset Management integrates strict environmental, social and governance compliance into its investment process to deliver tangible benefits and reduce risks for all of its stakeholders.

About Mandiri Investment Management
Mandiri Investment Management is a subsidiary of Mandiri Investasi, Indonesia’s largest local fund management company with about US$2 billion of assets under management. It is also a part of Bank Mandiri, the largest financial institution in Indonesia. Leveraging on its deep understanding of the Indonesian market, a sizable deal flow from dealing with the major players in the economy, Mandiri Investment Management aims to produce an attractive return to its accredited investors while at the same time playing an important role as agent of development.

For further information, please contact:

H2PC Asia     Mr. Ken Hickson    Tel: +65 8139 7472

Armstrong Asset Management

Mr Michael McNeill    Tel: +65 9666 5313 >

Mandiri Investment Management

Mr. Evan Lim              Tel. + 65 6511 0062

Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
Online Ad Rates

Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below

Today's  Stories                            April  15, 2014 Subsribe Now !
• Positive signs for improved Thai exports to Japan, China Subcribe: Asean Affairs Global Magazine
• Filinvest Devt Corp. sees earnings rise 12% to P6.5B in 2013
Research Reports
on Thailand 2007-2008

• Textiles and Garments Industry
• Coffee industry
• Leather and footwear industry
• Shrimp industry

• Indian, Vietnamese firms look to boost investment
• Party leader visits Laos for New Year
Asean Analysis                    April 11, 2014
• Asean Analysis April 11, 2014
The State of U.S. Power: Perceptions across the Globe
Advertise Your Brand

Asean Stock Watch    April 14, 2014
• Asean Stock Watch-April 14 2014
The Biweekly Update
• The Biweekly Update  April 4, 2014

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent
• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore • Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline • Vietnamese PM projects 10-year socioeconomic plan


This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More






1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

| Terms of Use | Site Map | Privacy Policy  | DISCLAIMER |

Version 5.0
Copyright © 2006-2017 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand