Read the latest news from INA and all of the official press releases.
Energy transition, Healthcare Present Key Opportunities in Indonesia
Opportunities exist in Indonesia’s energy transition and healthcare sectors as the country seeks to harness technology to fuel economic growth, opined panelists speaking at DealStreetAsia’s Indonesia PE-VC Summit in Jakarta. Chief Investment Officer of INA Stefanus Ade Hadiwidjaja was also a panelist in the session. He said INA wants to expand its investment focus beyond its key sectors, emphasizing energy transition and critical minerals. He also emphasized that INA was keen to support the Indonesian government’s ambitious 8% economic growth target and was exploring new areas like the electric vehicle (EV) ecosystem and downstream processing of minerals, including copper.
INA in the News
Operating this year, Bali International Hospital will focus on 5 key services
The success of the Bali International Hospital (BIH) project is strengthened by the support of PT Pertamina (Persero), Swire Group and Indonesia Investment Authority (INA). PT Pertamina (Persero), as the parent company of PT Pertamedika IHC, fully supports the development of BIH as part of its commitment to improve the quality of national healthcare services. Swire Group, a globally recognized company focused on long-term investment, brings world-class operational and infrastructure management expertise. Meanwhile, INA, as the state-owned investment management agency, ensures the project aligns with the national strategy to support economic growth while attracting international investment.
INA Intensifies Call for Co-Investment Partners
Since its founding in 2020 and becoming operational in 2021, the Indonesia Investment Authority (INA), Indonesia’s USD 10.5 billion sovereign wealth fund, has deployed over USD 4 billion across multiple strategic sectors.
Over the three months leading up to November, INA struck three co-investment deals within the country’s burgeoning private credit sector, including a joint venture with DB Investment Partners, a Deutsche Bank subsidiary, to invest USD 1 billion in hybrid capital solutions over the next five years. This includes partnerships with Allianz Global Investors in September and the Development Bank of Japan in November 2023, along with a significant USD 1.2 billion deal with Granite Asia for both equity and hybrid capital investments in Indonesian-linked businesses.
IJInvestor Awards 2024 – Transport Acquisition, APAC
APG Asset Management (APG) and the Abu Dhabi Investment Authority (ADIA) investment in Indonesia’s Trans Java Toll Road sections of Kanci-Pejagan and Pejagan-Pemalang alongside the Indonesia Investment Authority (INA) was hailed as an important investment in the region, making it a natural winner of the “Transport Acquisition of the Year, APAC”.
SK Plasma Secures Investment from Indonesian Sovereign Wealth
SK Plasma, an SK Group company specializing in plasma derived medicinal products (PDMP), has completed investment from Indonesia Investment Authority. The company announced on November 14 that it has signed investment agreements with the Indonesia Investment Authority (INA) for the operation of its Indonesian joint venture, PT SKPLASMA CORE INDONESIA (SK Plasma Core).
The new plant, which is scheduled to start operations in the fourth quarter of 2026, will be located in Karawang International Industrial City and will produce PDMPs such as albumin and immunoglobulin by fractionating up to 600,000 liters of plasma per year.
The completion of the local fractionation plant will ensure a stable supply of medicines such as albumin, which is essential for emergency patients and surgeries, and realize self-sufficiency in plasma fractionation products, which were previously 100% imported.
INA Turns Up the Tempo on Private Credit Partnerships
The Indonesian sovereign wealth fund is making a concerted push into hybrid capital solutions, such as private credit, by inking partnerships with at least three investment managers in recent months.
INA, for its part, is also hoping to improve the range of lending solutions for local businesses with this tie-up while generating strong returns. Seeing the value proposition in private credit, INA has built out organic capabilities by developing a dedicated in-house team and collaborating with best-in-class partners.
INA has a dual mandate — to contribute to Indonesia’s sustainable economic development and build wealth for future generations. Its investment strategies place significant emphasis on attracting foreign capital into Indonesia as well as becoming a ‘scale partner’ for partners evaluating investment opportunities in the country.
INA and Granite Asia Announce Strategic Partnership to Explore Investments of Up to USD 1.2 Billion for Indonesia’s Digital Transformation
Granite Asia (formerly GGV Capital Asia) has partnered with the sovereign wealth fund Indonesia Investment Authority (INA) to invest as much as USD 1.2 billion to help accelerate the digital transformation of Southeast Asia's largest economy.
The Singapore-based venture capital firm — which rebranded as Granite Asia in March after splitting with its U.S. counterpart — said Monday its investments in Indonesia will focus on both equity and hybrid capital solutions for Indonesian businesses with existing operations as well as those introducing technologies that can benefit the country in the long-term.
“This partnership will enable us to introduce transformative technologies to Indonesia, facilitating the digital transformation of key sectors and strengthening the broader technology ecosystem,” CEO of INA Ridha Wirakusumah.
