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

Indonesia’s INA aims to make up for delayed investments in H2, says CIO
July 28, 2025

Indonesia’s INA aims to make up for delayed investments in H2, says CIO

Indonesia Investment Authority (INA), Indonesia’s IDR144 trillion (USD8.9 billion) sovereign wealth fund, aims to close a substantial number of investments in the second half of 2025, making up for several projects delayed earlier in the year due to global instabilities.

“In the first half of this year, a few projects progressed at a more measured pace in the light of evolving global macroeconomic and geopolitical conditions; this is not unusual in long-horizon investing. Our partners, many of whom are institutional investors with multi-decade outlooks, understand these cycles and remain confident in Indonesia’s long-term fundamentals,” said Andry Setiawan, Chief Investment Officer of INA, in an exclusive interview with DealStreetAsia.

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INA in the News

Ready to expand, PGEO offers shares to investors

PT Pertamina Geothermal Energy, Tbk has entered the Indonesian capital market, by offering as many as 25% of its shares. A number of domestic and multinational investors participated in the offer, including Indonesia Investment Authority and Masdar, a net energy company based in the United Arab Emirates.

2022 List of Top Sovereign Wealth Funds

Caproasia Institute has released its list of top sovereign wealth funds in 2022. With total AUM USD 20 billion, Indonesia Investment Authority ranked 42 globally and 18 among the Top 29 Sovereign Wealth Funds in APAC.

Indonesia’s Secret to Economic Success

Extract from audio transcript of the Behind the Money podcast: “... The Indonesia Investment Authority and it’s based on that Job Creation Law that is seen as an international appetite for sovereign wealth funds in developing countries in South East Asia. And it’s attracted interest from a variety of international financiers, including state investors, from locations as diverse as the US, China, UAE.”

Overwhelming Interest among Global Financial Leaders to Attend 16th Asian Financial Forum

The 16th Asian Financial Forum (AFF), organized by the Government of the Hong Kong Special Administrative Region and the Hong Kong Trade Development Council, was held at the Hong Kong Convention and Exhibition Center on 11 and 12 January to bring together global financial leaders in person. With this year's theme being Accelerating Transformation: Impact - Inclusion - Innovation, AFF examined the current state of the global economy and explored major issues, such as trade and sustainable development, across more than 40 panel discussions and workshops.

INA Becomes New Investor for Kimia Farma Pharmacy

The Indonesia Investment Authority (INA) and the Silk Road Fund group are new investors in Kimia Farma’s (KAEF) pharmacy network subsidiary, PT Kimia Farma Apotek (KFA). KAEF completed the sale of a portion of KFA shares and issued new KFA shares which were bought by INA and the Silk Road Fund. The investments provide additional capital of IDR 1.86 trillion, equivalent to a 40 per cent stake.

LPDP Collaboration with INA to Create Sustainable Funding Support

The Education Fund Management Institute (LPDP) initiated a global-scale strategic network through the Global Initiative Seminar on Supporting Sustainable Finance Ecosystem. In addition, the LPDP and the Indonesia Investment Authority also signed a Memorandum of Understanding to establish a joint investment framework in relevant and sustainable areas such as green energy, health, digitalization and financial services.