Indonesia’s sovereign wealth fund, the Indonesia Investment Authority (INA), is sharpening its focus on data centers, healthcare AI, and renewables while seeking foreign partners to accelerate national development. Established in 2020 with $5 billion in seed capital, INA now manages about $10 billion in assets and has broadened its mandate beyond direct equity to include hybrid capital and private credit.
Chief Investment Officer Christopher Ganis, speaking at the SuperReturn Asia conference, said data centers and related infrastructure such as subsea cables will be key to ensuring data independence and resiliency. INA has already partnered with Singapore-based Granite Asia to commit over $1.2 billion to Indonesia’s tech and AI ecosystem, backing projects like the DayOne data center in Batam.
Ganis emphasized AI applications in healthcare as a priority, while renewables remain central following a strong-performing geothermal investment with Masdar Clean Energy. He also noted INA’s role in providing financing alternatives to bank-driven systems, particularly for Indonesian firms expanding abroad. Despite international ambitions, INA’s primary focus remains on investments tied directly to Indonesia.
Source: Reuters
