Saratoga eyes $300M investment in 2010

Private equity fund Saratoga Capital is looking to invest up to $300 million in the country's resources and infrastructure sector next year, its chairman Edwin Soeryadjaya said on Wednesday, Reuters reported.

"Next year we have a lot of companies in the pipeline. If everything goes as I wish, probably equity-wise it will be around $300 million," he said in an interview.

Saratoga, which has invested $800 million in assets including mining and energy, is in talks with a mineral mining company in Indonesia and also looking into opportunities to invest in toll roads.

"We are now in discussion with a large mining company in Indonesia," he added, without identifying the company apart from saying that it is a non-listed entity.

He also said that Indonesia's second largest coal producer PT Adaro Energy, in which Saratoga owns a stake, is considering buying another coal mine.