Indonesia Investment Authority

The Indonesia Investment Authority (INA), Indonesia's sovereign wealth fund, is based in Jakarta, Indonesia, and attracts foreign and domestic capital to co-invest in strategic sectors for sustainable economic development. The fund reported $11 billion in assets under management, with a target of $24.5 billion, and invested over $3 billion from 2021 to June 2023. In 2023, INA's net profit rose 64.1% to 4.30 trillion rupiah. It partners with global entities such as Abu Dhabi Investment Authority and GIC, and has invested in companies like Mitratel and Traveloka. Sri Mulyani Indrawati serves as Chair of the supervisory board. The organization was established by government initiative in November 2020 and launched in February 2021. Its business model centers on funded by government capital injections and seeks co-investments from sovereign, private, and other investors rather than managing oil revenues or reserves.