It manages about US$10 billion in assets in a portfolio that used to be dominated by state-linked investments
[JAKARTA] After years dominated by state-linked transactions, Indonesia’s sovereign wealth fund Indonesia Investment Authority (INA) is pivoting to private-sector deals. This follows the transfer of most state-owned enterprise (SOE)-related assets to the newly set up state investment vehicle Danantara, said its top executive.
INA chief executive Ridha Wirakusumah told The Business Times in an interview: “Last year was a pivotal period for INA. We had carried out many transactions and investments involving SOEs.
“But with the establishment of Danantara, it was only natural for INA to pivot towards non-SOE deals.”
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