Ares, Indonesia Wealth Fund Partner for Investment Opportunities

Global asset investment manager Ares Management has teamed up with an Indonesian sovereign wealth fund to explore investment opportunities in the country, according to a joint statement.

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The Indonesia Investment Authority (INA) and a subsidiary of Ares have entered into an agreement to invest in Indonesia via hybrid capital and securitisation, the statement said. Ares Asia Credit funds have set aside as much as US$500 million per year for such opportunities. Hybrid capital for INA includes private credit, Bloomberg News previously reported.