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

Bali International Hospital Establishes Global Partnerships
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.
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.
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.

INA in the News

Indonesia’s INA, Japan’s DBJ Launch Hybrid Fund for Mid-Sized Businesses
Indonesia Investment Authority (INA), the country’s 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.

Indonesia State Investor to Launch Fund with Development Bank of Japan
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.

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.