Indonesia Investment Authority and Granite Asia Form USD 1.2 Billion Strategic Partnership

Read the announcement in Bahasa

Jakarta, 4 November 2024 – Indonesia Investment Authority (INA) and Granite Asia, a leading multi-asset investment firm, have entered into a strategic partnership, formalized through an Investment Framework Agreement (IFA), to jointly make investments that will accelerate digital transformation and bolster growth within Indonesia’s burgeoning technology ecosystem. This partnership underscores a shared commitment to strengthen Indonesia’s tech sector and to provide businesses across industries with the capital and resources required to enable digital integration or to bring advanced technologies into the country.

Through this partnership, INA and Granite Asia will deploy up to USD 1.2 billion into investment opportunities that align with the strategic priorities of both organizations. Investments will span both equity and hybrid capital solutions, with a particular emphasis on Indonesian businesses and companies with a strong Indonesia nexus—whether through existing operations or by introducing technologies that can benefit the local market over the long-term.

This multi-asset approach enables INA and Granite Asia to offer tailored financing solutions to businesses at various stages of development, fostering innovation while optimizing risk-adjusted returns for investors. By leveraging both equity and hybrid capital, the partnership aims to address financing needs that go beyond conventional bank loans —particularly for technology-driven companies that require flexible, bespoke capital solutions and for traditional businesses as they undergo technological transformation and pursue sustainable growth.

This strategic collaboration underscores INA’s dedication to driving innovation and digitalization by partnering with global investors to sustainably address the capital needs of the Indonesian economy. It also reflects INA’s and Granite Asia’s long-term commitment to unlocking the potential of Indonesia’s economy, ensuring that the country remains competitive and future-ready in an increasingly technology-driven global landscape.

About Indonesia Investment Authority (INA)

Indonesia Investment Authority is Indonesia’s sovereign wealth fund mandated to increase investment to support the country’s sustainable development and build wealth for its future generations. INA conducts investment activities and collaborates with leading global and domestic investment institutions in sectors that strengthen Indonesia’s advantages and provide optimal risk-adjusted returns.

For more information, visit: www.ina.go.id.