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INA, AllianzGl tie up to deploy USD 200 million annually into hybrid capital solutions in Indonesia
September 23, 2024

INA, AllianzGl tie up to deploy USD 200 million annually into hybrid capital solutions in Indonesia

According to an announcement on Monday (23/09), the Indonesia Investment Authority (INA) and Allianz Global Investors (AllianzGl) have signed a memorandum of understanding to invest up to USD 200 million annually in hybrid capital solutions for Indonesian businesses. These solutions will focus on customized credit and innovative financing methods that combine different financial instruments, particularly targeting critical infrastructure needs and supporting the country’s energy transition efforts. “Our joint initiative to deploy hybrid capital solutions is about crafting a robust framework for financial innovation that supports the sustainable expansion of local enterprises. Together, we aim to enhance the investment landscape in Indonesia, ensuring each venture not only supports local economic growth but also adheres to stringent optimal risk-adjusted returns,” said the CEO of INA, Ridha Wirakusumah.

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INA in the News

How to Unlock RI's Geothermal Potential

Developing Indonesia’s plentiful geothermal energy resources can help meet the growing demand for energy while also bringing economic benefits and supporting the nation’s path to net zero emissions by 2060. Indonesia Investment Authority (INA) is committed to ensuring Indonesia succeeds in its net-zero programme. INA and Masdar recently invested in Pertamina Geothermal Energy (PGE), the latest of many targeted placements to support the country’s economic diversification into clean energy.

INA, ESR, Mitsubishi Jointly Investing in Three Indonesian Logistics Parks

INA, ESR Group and MC Urban Development Indonesia (MCUDI) have partnered up to invest in three logistics parks in Indonesia, developed and managed by ESR. The trio said they were also exploring options for additional joint investments in the sector. The three property assets are in Cikarang and Kawarang. The two assets in Cikarang have an expected completion date of May and June 2023, while the property in Karawang is set to start construction in June 2023.

INA's Performance Will be Tested in Election Year After the 2022 Net Profit Increased

Indonesia Investment Authority (INA) has recorded excellent performance throughout 2022, both in terms of profit and assets. However, the continuation of this performance will be tested because Indonesia is now in an election year. Economist Yusuf Rendy Manilet, of the Center of Reform on Economics (Core) Indonesia, said INA was considered capable of maintaining its performance in an election year if there was no friction disrupting the political and security climate in the country.

Mitratel distributes IDR 1.26 trillion dividends

PT Dayamitra Telekomunikasi Tbk or Mitratel (MTEL) has announced the distribution of cash dividends worth a total of IDR 1.76 trillion, an equivalent to 99% of 2022 net profit. Currently, 28.15% of Mitratel's shares are publicly owned, with Indonesia Investment Authority (INA) and the Government of Singapore Investment Corporation (GIC), Abu Dhabi Growth Fund (ADG), and Abu Dhabi Investment Authority (ADIA) as the anchor investors.

Indonesia Sovereign Fund steps up EV plans with China's CATL

The Indonesia Investment Authority is setting up a special fund with Chinese battery giant Contemporary Amperex Technology (CATL) to help develop the emerging industry in the Southeast Asian country. Stefanus Ade Hadiwidjaja, chief investment officer of the sovereign wealth fund tasked with attracting foreign capital and investing in growth areas in Indonesia, told Nikkei Asia that the planned EV Ecosystem Fund with CATL will explore investments in electric vehicle-related sectors in Indonesia.

Indonesia Investment Authority and U.S. International DFC execute Memorandum of Understanding to catalyze investments in Indonesia

Indonesia Investment Authority (INA) and U.S. International Development Finance Corporation (DFC) have taken a significant step towards promoting economic development in Indonesia by signing a Memorandum of Understanding (MoU). As part of the MoU, DFC and INA will collaborate to identify investment opportunities throughout Indonesia that align with their respective investment mandates, demonstrating a strong potential for strategic and developmental impact.