According to the Financial Times, Indonesia may have successfully closed the first tranche of its brand new #SWF, the Nusantara Investment Authority (NIA), for US$ 15.5 billion. This would have been committed by the Gvt of Indonesia, the U.S. International Development Finance Corporation, Japan Bank for International Cooperation, Caisse de dépôt et placement du Québec (CDPQ) and APG Asset Management.
This does not seem to be enough though, and Jakarta may be also in talks with Abu Dhabi Investment Authority (ADIA), Public Investment Fund (PIF) and other European #PPFs, according to the press release. NIA is modeled after India's National Investment and Infrastructure Fund (NIIF) and acts as a catalyzer of foreign #FDI into the country's infrastructure.
We analyze this and other key trends in our annual report to be released in three days #StateOwnedInvestors2030