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Read the latest news from INA and all of the official press releases.

Energy transition, Healthcare Present Key Opportunities in Indonesia
January 20, 2025

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.

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INA in the News

Indonesia’s sovereign wealth fund eyes green energy transition in $1bn investment plan

Indonesia’s sovereign wealth fund is aiming to invest up to $1bn this year with green energy as one of its priorities, as the south-east Asian country aims to become a hub for energy transition on the back of its vast nickel reserves. The Indonesia Investment Authority is in talks over potential investment in the electric vehicle ecosystem and geothermal energy, and is providing financing for early retirement of coal-fired power plants.

Collaboration of INA and Global Infrastructure Partners for Infrastructure Investment in Indonesia

Indonesia Investment Authority (INA) and Global Infrastructure Partners (GIP) announced a strategic collaboration aimed at bolstering infrastructure development in Indonesia. This partnership signifies a major step forward, combining INA's in-depth local market knowledge and network with GIP’s extensive global infrastructure expertise to collaboratively identify investment opportunities and develop world-class infrastructure in Indonesia.

Indonesia's wealth fund INA looking to double down on private credit

INA is looking to double down on its private lending business with Christopher S Ganis, the former head of Indonesia, APAC private credit at the world’s largest asset manager BlackRock, at its helm. While companies in developed markets can rely on the public market, companies in Indonesia unfortunately cannot. Hence, the need for a substantial alternative capital.

INA Reappoints Haryanto Sahari as Supervisory Board

The Indonesia Investment Authority (INA) reappointed Haryanto Sahari as the supervisory board member from the professional element from 2024 to 2029. This appointment is in accordance with Presidential Decree Number 25/P of 2024. INA stated: "This reappointment is a strategic step by the Government to increase trust in the investment community,"

Fitch Assigns Indonesia Investment Authority First-Time 'BBB' and 'AAA(idn)' Ratings; Outlook Stable

Fitch Ratings has assigned Indonesia Investment Authority (INA) Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) of 'BBB' and a Short-Term Foreign-Currency IDR of 'F2'. Fitch Ratings Indonesia has also assigned a National Long-Term Rating of 'AAA(idn)' and a National Short-Term Rating of 'F1+(idn)'. The outlook on the long-term ratings is Stable.

Manulife, INA Target Real Asset Plays in Indonesia

Manulife Investment Management has partnered with the Indonesia Investment Authority (INA), Indonesia's sovereign wealth fund, to focus on the overarching goal of further developing infrastructure in Indonesia and exploring investment opportunities in real estate and natural capital. The partnership intends to invest its own proprietary capital while also raising funds from third-party investors, both domestic and foreign.