Indonesian wealth fund INA draws $20b in co-investments

Indonesian wealth fund INA draws $20b in co-investments

Jakarta, Indonesia. Photo by Tom Fisk on Pexels.

Indonesia‘s sovereign wealth fund has garnered more than $20 billion of co-investments from funds including Singapore’s GIC and Abu Dhabi Investment Authority and is actively looking at infrastructure assets, its top executive told Reuters.

“The money is there, but to find the right one at the right angle, the right dimension, the right amount of return, it’s not easy,” Indonesia Investment Authority (INA) Chief Executive Officer Ridha Wirakusumah said on the sidelines of the Milken Institute Asia Summit in Singapore on Thursday.

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