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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

Indonesian wealth fund INA's investments doubled in value in 2023

Sovereign wealth fund Indonesia Investment Authority (INA) more than doubled its investments in 2023 despite political and economic uncertainties throughout the year, according to its annual report. ‍The report noted that INA and its co-investors disbursed USD1.9 billion in 2023 -- up 152.6% year-on-year. In 2023, INA made six investments, with a total of nine projects, across the health, infrastructure, digital infrastructure, geothermal, and logistics sectors. The new investments resulted in an increase of IDR 37.7 trillion (USD 2.3 billion) in INA's total assets under management (AUM), bringing its total AUM to IDR 147.6 trillion by the end of 2023.

INA and Australia Partner to Boost Cooperation and Investment in Indonesia

CEO of the Indonesia Investment Authority (INA), Ridha Wirakusumah, and the Australian Ambassador to Indonesia, Penny Williams PSM, signed a Memorandum of Understanding (MoU) to support Australian investments in Indonesia. This partnership aims to drive significant Australian investments into key sectors in Indonesia, strengthening economic ties and benefiting both nations. This partnership is part of the "Invested: Australia's Southeast Asia Economic Strategy to 2040," announced by Australian Prime Minister Anthony Albanese in September 2023.

The IKN Authority and INA officially partnered

The IKN Authority (OIKN) and the INA have officially partnered to attract foreign investors to Indonesia's new capital city project. The partnership aims to leverage INA's network and expertise in managing investments to secure funding and support for various infrastructure projects within the IKN. This initiative is part of a broader strategy to ensure the success of the development of the new capital city, which is expected to be a smart and sustainable city.

INA explores opportunities in North Kalimantan

The Indonesia Investment Authority (INA) is exploring investment opportunities with the North Kalimantan Provincial Government. INA representatives have met with the governor of North Kalimantan to mark concrete steps by the regional government in strengthening investment cooperation to advance the economy and development in North Kalimantan. The meeting between the Governor of North Kalimantan and the Indonesia Investment Authority marked an important first step in exploring North Kalimantan's economic and environmental potential, as well as strengthening cooperation between the public and private sectors in realizing sustainable development in the region.

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.