Fireside chat: How Indonesia’s new SWF will balance infrastructure and tech investments

Stefanus Ade Hadiwidjaja, CIO, Indonesia Investment Authority

Indonesia introduced its first sovereign wealth fund Indonesia Investment Authority (known as INA) early last year to focus on public infrastructure, supply chain and logistics, digital infrastructure, green investing, healthcare services, financial services, consumer and tech, as well as tourism. The Indonesian government committed to providing the wealth fund with $5 billion capital, of which $1 billion was injected in late 2020. INA aims to grow its assets under management to $20 billion with its investor partners. So far, INA has made one investment with its participation in telecom firm Mitratel’s $1.3-billion IPO last November.

In this fireside chat, we feature INA’s chief investment officer Stefanus Ade Hadiwidjaja who will share his insights into the newly-formed SWF’s strategy and its overall role in public infrastructure development. Hadiwidjaja was earlier with SE Asia-focused private equity firm Creador, where he was the MD and country head for Indonesia and Singapore.

In this session, we will cover INA’s deployment pace and strategy, its technology and non-infrastructure investment strategy, and whether it will emulate some of the SWF models operating in ASEAN countries.