Fund Structuring, Regulatory Advisory and Investment Management Support
Nusantara DFDL Partnership, delivers integrated legal advisory services to fund managers, sponsors, banks, financial institutions and investors undertaking investment activities and raising capital in Indonesia. Combining local regulatory knowledge with regional Southeast Asia insight, the firm supports fund structuring, capital deployment, and ongoing compliance across jurisdictions.
Indonesia’s investment funds landscape is governed by an evolving regulatory framework led by the Financial Services Authority (OJK), alongside broader corporate, foreign investment, and tax regimes. Fund sponsors and investors must navigate licensing requirements, structuring constraints, and ongoing compliance obligations, particularly in cross-border and multi-jurisdictional contexts.
Advising multinational corporations and domestic enterprises, as well as institutional investors and fund sponsors, on structuring, regulatory alignment, and execution of investment strategies across asset classes.
Fund activity often turns on OJK status, investment manager licensing, custodian arrangements and marketing restrictions. Support helps clients avoid regulatory gaps before launch or distribution.
Foreign investors need clear PMA analysis, ownership limits, repatriation routes and treaty considerations. Nusantara DFDL aligns Indonesian fund strategy with wider regional deployment plans.
Operational compliance covers conflicts, valuation, reporting, delegation, internal controls and investor communications, helping managers satisfy OJK expectations while keeping investment processes commercially workable daily.
For PE and VC deals, advice covers investment instruments, shareholder rights, liquidation preferences, ESOPs, exits, portfolio governance and regulatory checks before capital deployment stage.
Drafting fund terms, subscription documents, side letters, investor disclosures, management agreements and transfer restrictions helps reduce disputes around control, economics and exit rights later.
Co-investment arrangements need disciplined allocation of rights, fees, governance, information access and exit mechanics, especially where sponsors, family offices and strategic investors participate together.
Digital investment models must address OJK, Bank Indonesia, data, consumer protection and platform governance issues before product scaling creates licensing or investor-protection exposure in Indonesia.
Jade Hwang
Partner
Jade Hwang advises fund sponsors, institutional investors, and multinational corporations on investment funds, fund structuring, and regulatory compliance in Indonesia. Her work includes cross-border investment strategies and governance frameworks across Southeast Asia.
Practice Areas: Corporate & M&A | Investment Funds | Real Estate & Hospitality | Technology, Media & Telecom | Restructuring
SPEAK WITH Jade HwangInvestment funds are pooled investment structures through which capital is allocated into assets such as equities, debt instruments, or private companies, typically managed by licensed investment managers under OJK regulations.
Common structures include private equity funds, venture capital funds, and collective investment schemes regulated by OJK, depending on the investment strategy and regulatory framework.
Investment funds are primarily governed by OJK regulations, together with applicable corporate, foreign investment, and tax laws, depending on the nature and structure of the fund.
Fund managers and investment entities must comply with OJK licensing, registration, and reporting requirements, depending on the structure and scope of activities.
The Financial Services Authority (OJK) regulates fund formation, licensing, investment management, and compliance requirements.
International investors may participate subject to foreign direct investment rules, ownership limitations, and applicable regulatory requirements.
Structures are determined based on regulatory requirements, investor profiles, and investment strategies, often involving both onshore and cross-border considerations.
Compliance includes licensing conditions, governance requirements, fiduciary duties, reporting obligations, and regulatory filings under OJK regulations.
Documentation typically includes subscription agreements, investment management agreements, investor rights frameworks, and related constitutional and transactional documents.
Considerations include regulatory treatment, foreign ownership limitations, licensing requirements, tax efficiency, governance structures, and execution strategy.
Yes, sustainable investment funds must align with Indonesia’s sustainable finance framework, including the Indonesia Taxonomy for Sustainable Finance (TKBI), and comply with disclosure and reporting requirements.
Yes, subject to applicable regulations, including participation through carbon trading platforms and carbon-linked investment instruments.
Investors should look for strong regulatory expertise, experience in fund structuring and cross-border transactions, and the ability to deliver commercially grounded, execution-focused advice.
