Indonesia sovereign fund INA, partners invest $4.2 billion in first five years

By Yantoultra NguiIndonesia's sovereign wealth fund and its partners have invested 74.5 trillion rupiah ($4.2 billion) in the country since the fund began operations five years ago, the Indonesia Investment Authority said on Wednesday.Here are more details from the authority's statement:($1 = 17,93…

By Yantoultra Ngui

Indonesia's sovereign wealth fund and its partners have invested 74.5 trillion rupiah ($4.2 billion) in the country since the fund began operations five years ago, the Indonesia Investment Authority said on Wednesday.

Here are more details from the authority's statement:

INA said its own investments reached 33.3 trillion rupiah, while foreign direct investment linked to its deals totalled 41.2 trillion rupiah.
Its assets under management rose to 146.2 trillion rupiah, around 1.9 times its level at launch, INA said.
INA Chief Executive Officer Oki Ramadhana said the fund would keep strengthening investment partnerships, connecting long-term capital with strategic opportunities and supporting Indonesia's economic development through sustainable investment.
INA said transport and logistics made up its biggest investment allocation at 44%, followed by digital and artificial intelligence-related assets at 29.5%.
The fund said it had secured about $25 billion in investment commitments from 40 partners in 15 countries.

($1 = 17,930.0000 rupiah)