Veronica Lukito is a co-founder and Managing Director of Ancora Capital Management, a Singapore-based private equity fund management firm focusing on investments in Indonesia. Ancora has fully invested its first fund and is in the process of establishing its second fund. This fund will have an anticipated size of US$300 million and will seek to invest primarily in natural resources, consumer-related and similar businesses, and special situations.
At Ancora, Veronica is the principal investor responsible for securing investments, capital raising, and managing and monitoring the performance of the portfolio companies. As a principal of Fund I, Veronica co-sourced its investment in PT Apexindo Pratama Duta Tbk (one of the largest offshore oil rig operators in Indonesia), and was involved in the negotiation and execution of its investment in and divestment of PT Bumi Resources Tbk (the largest coal producer in Indonesia).
Prior to working on principal investments, she was a Vice President in the investment banking division at PT J.P. Morgan Securities Indonesia where she handled client relationships and sourced numerous transactions encompassing financing, acquisitions and corporate restructuring deals. Prior to J.P. Morgan, Veronica spent two years at PT Indosat Tbk, the second-largest telecom operator in Indonesia, where she was the Company Board Secretary. Veronica started her career as an investment banker as an Assistant Vice President at PT Bahana Securities, which was Goldman Sachs’ Indonesian partner. Veronica also spent three years as a corporate and credit banker at Citibank N.A., Indonesia branch, handling top-tier Indonesian conglomerate relationships. Veronica has a B.S.BA in Finance from the University of California, Berkeley.
