Indonesia sovereign wealth fund INA targets data centres, AI in healthcare, renewables

SINGAPORE, Sept 17 (Reuters) – The Indonesia Investment Authority is prioritising digital infrastructure, healthcare and renewables as the sovereign wealth fund seeks foreign partners and supports the nation’s economic development, its chief investment officer told Reuters.
INA, launched in 2021 with $5 billion in capital from the government and a dual mandate to generate returns and foster sustainable growth, initially focused on direct equity investments to bring in foreign co-investors.
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The fund, which now manages 163.4 trillion rupiah ($10 billion) in assets, has since added hybrid capital and private credit to help Indonesian companies expand overseas and draw technical expertise and capital into the country.
INA is Indonesia’s first sovereign wealth fund, but now the smaller of two, following the launch in February of Daya Anagata Nusantara Investment Management Agency (Danantara), a broader fund seeded with $20 billion in state assets.