Read the latest news from INA and all of the official press releases.
Indonesia Digital Transformation: A Strategic Investment
Indonesia’s 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.
INA in the News
Lopal Technology: Indonesia's Sovereign Wealth Fund Completed a USD 150 Million Investment in Lopal Technology's Indonesian Factory
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).
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.
Operating this year, Bali International Hospital will focus on 5 key services
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.
INA Intensifies Call for Co-Investment Partners
Since its founding in 2020 and becoming operational in 2021, the Indonesia Investment Authority (INA), Indonesia’s 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 country’s 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.
IJInvestor Awards 2024 – Transport Acquisition, APAC
APG Asset Management (APG) and the Abu Dhabi Investment Authority (ADIA) investment in Indonesia’s Trans 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”.
SK Plasma Secures Investment from Indonesian Sovereign Wealth
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.
