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.

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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.