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

Indonesia Investment Authority (INA) is diversifying beyond direct investments with a sophisticated fund strategy that leverages global asset managers' expertise and capital networks to achieve both commercial returns and national development objectives. The sovereign wealth fund's approach to indirect investments brings specialised capabilities to Indonesia's priority sectors while multiplying INA's impact through access to additional capital pools and global expertise.

"The overall objective of our indirect program is to build a diversified and resilient portfolio, optimised for a balance between yield and capital appreciation," Christopher Ganis, Chief Investment Officer of INA, told AsianInvestor.

Throughout 2024, INA successfully attracted IDR13.8 trillion in FDI, which is 2,5 times greater than INA’s equity investment during the same period. This represents the highest annual achievement since INA’s establishment. Interestingly, INA does not evaluate projects solely from a commercial perspective, but also explores their broader economic and social impacts.

INA Vice President of Environmental, Social, and Governance (ESG), Fetriza Rinaldy, stated that an in-depth analysis is currently being conducted with a focus on transport infrastructure projects, particularly the Bakauheni-Terbanggi Besar toll road. INA managed to bring in global partners, the Abu Dhabi Investment Authority (ADIA) and Algemene Pensioen Groep (APG), into the Trans-Sumatra Toll Road project (the Medan-Binjai and Bakauheni-Terbanggi Besar sections), with a total investment of IDR8.2 trillion.

The Indonesia Investment Authority (INA) is leveraging international alliances to deploy smart capital, accelerate industrial development, and deliver long-term value for the country. Global partnerships sit at the core of the Indonesia Investment Authority’s (INA) strategy, serving not just as sources of capital but as powerful instruments for driving economic transformation and unlocking long-term value.

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One of two Indonesian sovereign wealth funds, INA operates as an independent institution reporting directly to the President. With a mandate to deliver both financial returns and further develop Southeast Asia’s biggest economy, the fund invests in infrastructure, healthcare, energy, and the digital sector.

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By the end of last year, INA had grown its assets under management to USD9.2 billion from USD5 billion when it launched in 2021. “Any partnership will be driven by shared objectives and a commitment to creating long-term value for Indonesia and its stakeholders,” Christopher Ganis, Chief Investment Officer of INA, told AsianInvestor.

Minister of Finance Sri Mulyani Indrawati highlighted the strong performance of the Indonesia Investment Authority (INA) since its establishment. As of 2025, INA's total investment value has shown significant growth of 92% compared to the government’s initial capital injection in 2021.

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“By 2025, INA’s performance has been quite satisfactory. The government’s initial capital of IDR75 trillion provided in 2021 has grown by 92%, with the total investment value — measured based on Total Assets Under Management (AUM) together with co-investors — reaching IDR144.3 trillion,” Minister Indrawati stated during a press conference.

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She emphasized that INA has been managed professionally, independently, and competently to attract global investment partners willing to invest in Indonesia.

Indonesia’s sovereign wealth fund, the Indonesia Investment Authority (INA), is ramping up investment in digital infrastructure, which is one of its six core focus sectors. One of its key moves is a partnership with DayOne Data Center to build a data centre campus at Nongsa Digital Park on Batam Island. DayOne is a Singapore-based data centre operator spun off from China’s GDS Holdings Ltd in January. GDS retains a 35.6% stake in the company.

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“We began working with them in late 2023. By then, one of the three buildings in our Batam project had already been completed,” says Johan Batubara, INA’s Director of Investments, in a recent conversation with The Tech Capital.

The total cumulative investment of the Indonesia Investment Authority or INA until May 2025 reaches IDR65.4 trillion. The direction of INA’s investments, particularly in 2024, focuses on four strategic areas: transportation and logistics, green energy and transformation, digital infrastructure, and health. According to INA data, as of December 2024, there were a total of 15 transactions, with a cumulative value of IDR60.9 trillion. This consists of INA’s contribution of IDR24.9 trillion and investor partners’ contributions of IDR36 trillion. This positive trend continued as the value increased to IDR65.4 trillion by May 2025.

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CEO of INA, Ridha Wirakusumah, stated that INA's investment approach is consistent with discipline, based on strong fundamentals, and oriented towards the creation of long-term value. Additionally, it focuses on ensuring meaningful development impacts for Indonesia. INA, Wirakusumah continued, seeks resilience through investments in sectors and industries that meet essential and long-term needs. "We invest in things that are important for Indonesia today and will continue to be needed by future generations," he stated in a press release.

CEO of Indonesia Investment Authority (INA) Ridha Wirakusumah said renewable energy projects currently make up 12% of its USD 4 billion investment portfolio. INA is aiming to increase that proportion to between 15% and 20% by the end of 2025.  

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"Investment in renewable energy and the area of nature-based solutions, as well as electric vehicles, is important," Wirakusumah told Nikkei Asia on the sidelines of the FT & Nikkei Energy Transition Summit: Asia in Jakarta. 

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Established in 2021 under President Joko Widodo, INA's goal is to attract foreign investment to a range of priority projects in Southeast Asia's largest economy. It has so far invested in infrastructure, logistics, and health care, among other sectors, along with investment partners including U.S. asset manager BlackRock and China's Silk Road Fund.

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Wirakusumah said INA is also exploring opportunities to invest more in the EV supply chain, "particularly the midstream" segment, referring to the processing of critical minerals for the development of EV batteries.

Sovereign wealth funds Danantara Indonesia and Indonesia Investment Authority (INA) had signed a memorandum of understanding with petrochemical and energy firm Chandra Asri Pacific worth up to USD 800 million. The agreement would explore the potential entry of Danantara and INA as new investors to build a chlor-alkali–ethylene dichloride plant, the companies said in a joint statement. 

Indonesia Investment Authority, Indonesia’s sovereign wealth fund, has appointed two co-Chief Investment Officers. One of them is Andry Setiawan, who previously served as the Managing Director of Investment. Christopher Ganis was formerly Managing Director of Investments in Hybrid Capital Solutions, which includes private credit, according to a Bloomberg News report from early last year. 

Singaporean banks DBS Group and United Overseas Bank said on Thursday that they had jointly provided an IDR 6.7 trillion (USD 411 million) loan to finance a data centre campus in Indonesia. The banks said in a statement that the loan for the project, to be jointly developed by Singapore-based data centre company DayOne and the Indonesia Investment Authority (INA), was the largest ever rupiah-denominated data centre financing deal.

The funding comes at a time when investor appetite for data centres is growing in Asia, driven by demand for artificial intelligence and cloud computing-based services. The data centre project also marks INA’s first investment in the sector and an expansion of DayOne in Indonesia, according to the statement. INA is Indonesia’s sovereign wealth fund, wholly owned by the Indonesian government.

Indonesia’s sovereign wealth funds, Danantara Indonesia and the Indonesia Investment Authority (INA), have teamed up with French mining giant Eramet to create a new investment platform to invest in the country’s nickel sector, according to a statement on Wednesday.

 

The initiative aims to strengthen Indonesia’s position in the global electric vehicle (EV) battery supply chain by building a sustainable and integrated raw materials ecosystem. Under the agreement, Danantara and INA will manage long-term financing, while Eramet will contribute its technical expertise in mining and downstream operations. 

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CEO of INA Ridha Wirakusumah described the deal as a “strategic milestone” for Indonesia’s mineral and downstream sectors. “This partnership combines global mining expertise with innovative financing to strengthen Indonesia’s critical minerals supply chain,” said Wirakusumah. “It highlights our commitment to building a value-added domestic industry and attracting high-quality foreign investment.”

Bali International Hospital (BIH) introduced international medical partners, health experts and clinicians in the Special Economic Zone (SEZ) of Sanur, Bali, on Friday (25/04). BIH occupies a unique position as a medical tourism and referral destination, serving patients from home and abroad.

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BIH introduced Icon Cancer Center, one of the largest integrated cancer service providers in the world with more than 350 specialists and approximately 3.5 million patient interactions annually. The Icon Cancer Center became operational at BIH in May 2025. This is a milestone in history. For the first time, foreign doctors were allowed to practice in Indonesia under the management of the Sanur Health SEZ region.

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The event also appreciated the role of Indonesia Healthcare Corporation (IHC) or PT Pertamina Bina Medika as the operator and Indonesia Investment Authority (INA) as the state endowment investor.

On April 10, SK Plasma announced that Indonesian plasma intended for CMO use has arrived at its Andong plant for plasma fractionation production. This plasma import is part of a project initiated in 2023 to establish production facilities for PDMPs self-sufficiency in Indonesia. This marks the first time plasma collected from Indonesian citizens has been imported into Korea to help ensure a stable PDMP supply.

In 2023, SK Plasma established a joint venture, SK Plasma Core, with the Indonesia Investment Authority (INA) to build plasma infrastructure in Indonesia. The company is constructing a PDMPs production plant capable of fractionating 600,000 liters of plasma annually in the Karawang International Industrial City in Jakarta. The plant is scheduled to be operational in the fourth quarter of 2026.

Indonesias geographic condition, comprising a vast archipelago, presents both challenges and opportunities for achieving digital inclusion. Despite having a population of over 270 million people, the national fixed broadband penetration rate was only 20 percent in 2022. This figure remains well below the ASEAN average, which reached 39 percent. In line with this development, the Indonesia Investment Authority (INA), as the manager of Indonesia's sovereign wealth fund, has emphasized digitalization and digital infrastructure as key focus areas.

Efforts being made include investments in national and international fiber optic networks, data centers, telecommunications towers, and digital platforms. These initiatives aim to accelerate the development of digital infrastructure to meet the growing demand for digital services. This targeted investment is intended to enhance connectivity and digital services across Indonesia, supporting economic growth and technological advancement.

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.

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.

The Indonesia Investment Authority ("INA") and a subsidiary of Ares Management Corporation (NYSE: ARES) (Ares) have entered into an Investment Framework Agreement (IFA) to foster investments through innovative financing mechanisms such as Hybrid Capital Solutions (HCS) and securitization. This collaboration aims to unlock sustainable investment flows while supporting projects that leverage both INA's and Ares' experience to create sustainable and impactful outcomes for Indonesia's economy. 

The IFA outlines a collaborative, mutually agreed framework for INA and Ares to explore tailored investment opportunities that allow for more optimal capital structures to advance Indonesia's financial ecosystem through sustainable growth and economic resilience. INA and Ares aim to deploy capital to achieve optimal risk-adjusted returns that leverage the investment expertise and networks of both organizations.

During the 2-day long multi-sectoral affair that commenced on 11 February 2025, the inaugural edition of Datacenter & Cloud Infrastructure Summit (DCCI) in Indonesia not only accomplished immediate event-related objectives but also aided organisations in capturing bigger national goals.

The platform was well supported by Indonesia Investment Authority (INA) and Indonesia Data Center Provider (IDPRO) whose efforts got widespread recognition for the platform and the best audience in the form of 350+ attendees. These professionals included CEOs, CIOs, CTOs, CISOs, CDOs, Datacentre Facilities Managers, Network, Cabling & Communication Engineers, VPs, GMs & Heads of Cloud, Security and many more influential profiles.

The Indonesia Investment Authority (INA) emphasises the importance of Foreign Direct Investment (FDI) in Indonesia's development. Despite the pros and cons of FDI, INA emphasises that foreign investment can have a positive impact if managed properly.  CEO of Indonesia INA, Ridha Wirakusumah, said that since its establishment in 2022, INA has invested around USD 4 billion or equivalent to Rp 65.4 billion with investors from 14 countries.

One of the main focuses of investment is the health sector. Ridha said INA is now part of the largest hospital network in Indonesia, bringing in Hong Kong conglomerate Swire Pacific, and building Bali International Hospital which will employ the first foreign doctors in Indonesia.

We started from zero, now we are part of the largest hospital network in Indonesia, said Ridha at the Indonesia Economic Summit at Shangri-La Hotel, Wednesday (19/2).  In addition, INA is also building a blood plasma plant, which has reached 52% completion.

Indonesia Investment Authority (INA), the countrys first sovereign wealth fund, and the Development Bank of Japan (DBJ) have launched a hybrid fund to provide financing for medium-sized businesses in Indonesia. The fund will focus on senior secured investments, offering tailored financing solutions to mid and upper-market corporates while providing resources for businesses to scale in a sustainable manner, the two companies said in a joint statement on Monday (17/02). Hybrid capital solutions, which use debt and equity to address the capital requirements of businesses, have been gaining momentum across the Asia-Pacific region as an alternative to traditional financing.

INA will leverage its local market understanding and structured financing capability, while DBJ will bring its finance and investment experience and Japan-related business networks to generate private sector investment in the largest economy in Southeast Asia.

The government-backed Development Bank of Japan will launch a USD 60 million fund with Indonesia's sovereign wealth fund to provide financing to midsize companies in a country with bright economic growth prospects. The DBJ and the Indonesia Investment Authority (INA) will set up a jointly run operating company, with each side contributing USD 30 million. This will mark the DBJ's first partnership of this kind with a foreign state-backed fund.

INA will tap its network of companies to find candidates with annual sales of around JPY 50 billion to JPY 100 billion (USD 30 million to USD 60 million). While there will be no restrictions on what industries the fund will cover, candidates will likely come from areas that INA focuses on, such as healthcare and logistics. With this partnership, DBJ aims to build connections with promising Indonesian businesses that could lead to future joint investments with Japanese business partners. The plan is for the fund to invest in three or so companies, expanding if needed.

Indonesian Investment Authority (INA) has completed a USD 150 million investment in Lithium (Asia-Pacific) with the operating subsidiary of Lopal Technology in Indonesia. Assisi Alliance LP, a co-investor of INA also invested USD 50 million. INA and its co-investors have paid the transaction price in full and the transaction is completed. Following the completion of the investment, INA currently holds a 34.0% stake in Lithium Source (Asia Pacific) and Aisis holds an 11.3% stake. Changzhou Lithium Source is a subsidiary of Lopal Technology, which currently holds a 54.6% stake in Lithium Source (Asia Pacific), down from 100% before the investment. Changzhou Lithium Source will continue to hold a controlling stake in Lithium Source (Asia Pacific) and participate in the daily operation and management of Lithium Source (Asia Pacific).

Opportunities exist in Indonesias energy transition and healthcare sectors as the country seeks to harness technology to fuel economic growth, opined panelists speaking at DealStreetAsias 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 governments ambitious 8% economic growth target and was exploring new areas like the electric vehicle (EV) ecosystem and downstream processing of minerals, including copper.

Hadiwidjaja said Indonesia is positioning itself as a key player in the global EV value chain and healthcare sector, leveraging its strategic advantages and addressing critical supply constraints. Healthcare is not constrained by demand but supply, Hadiwidjaja said. This is why we are collaborating with global and local partners to address gaps across the value chain.

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.

APG Asset Management (APG) and the Abu Dhabi Investment Authority (ADIA) investment in IndonesiasTrans 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. 

The Kanci-Pejagan and Pejagan-Pemalang toll road sections reduce travel times between major urban centres and increase access to key industrial hubs carrying an economic multiplier effect. A member of the independent judging panel said: This is an important investment in Indonesias long-term infrastructure improvement programme.

Since its founding in 2020 and becoming operational in 2021, the Indonesia Investment Authority (INA), Indonesias 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 countrys 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.

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.

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 Indonesias 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.

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.

We hereby caution the public to remain vigilant against potential scams involving attributes and symbols associated with or resembling the identity of the Indonesia Investment Authority. These scams may take the form of fake investment offers or job offers with the lure of commission incentives, and can be carried out through various channels, including but not limited to websites, social media, and online chat applications.

We would like to emphasize that:

• Our official website can only be accessed through https://www.ina.go.id/

• Our official social media account can only be found at: https://www.linkedin.com/company/indonesia-investment-authority/

INA does not have any other platforms or participate in groups on any online chat apps and only communicates through these official channels.

Therefore, we urge the public to always be vigilant when receiving offers of investments, employment opportunities promising commission, or other schemes falsely claim affiliation with INA, with the intention to mislead and take advantage of the public.

We are not responsible for any losses that may arise from fraudulent activities that falsely claim association with INA.

Thank you.