Indi's new sovereign wealth fund explores digital infrastructure deal

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On Thursday the Indonesia's new sovereign wealth fund explored a digital infrastructure deal and negotiated potential investment in the tech sector, its chief executive said on JAKARTA.

The deal could be a first for the Indonesia Investment Authority that was established earlier this year.

Among the other major investments, INA has set up a $3.75 billion toll road fund with the Caisse de DPT placement du Qubec Asset Management and a unit of the Abu Dhabi Investment Authority in May.

I'm talking about high-end, you know, Hyper Drive or Edge Data Centre that are now being developed and we want to invest in these areas too. We have one digital deal on INA Today, said Ridha D. M. Wirakusumah, INA's chief executive in an online seminar.

He also said that the INA may invest in unicorns or startups valued to more than $1 billion.

INA currently has $5 billion of assets under management, capitalised by Indonesian Government. The INA has set a target for the govt to expand its investments to $20 billion by seeking co-investors.

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