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Indonesia's sovereign wealth fund expects AUM to reach up to US$20b over next 2-3 years

INA has several upcoming deals from infrastructure, digital, healthcare and energy sectors

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THE chief of Indonesia's sovereign wealth fund (SWF) says there are several deals in the pipeline that are expected to close by this year, and these could be from the infrastructure, digital, healthcare and energy-related sectors.

The Indonesia Investment Authority (INA), founded just over a year ago in February 2021, currently has about US$5 billion of total assets under management (AUM).

In an exclusive interview with The Business Times, its chief executive officer Ridha Wirakusumah said that with the upcoming deals and the higher value of its existing investment portfolio, INA will see its AUM rise to between US$15 billion and US$20 billion over the next 2 to 3 years.

"Our AUM model...

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