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

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.

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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.

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INA has a dual mandate — to contribute to Indonesia’s 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.

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“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.

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