Heaptalk, Jakarta — Indonesia Investment Authority (INA) partners with Granite Asia to launch a US$1.2 billion, approximately Rp18.2 trillion fund, through the Investment Framework Agreement (IFA) to drive digital transformation and bolster growth within Indonesia’s burgeoning technology ecosystem.
Investments will span equity and hybrid capital solutions, with a particular emphasis on Indonesian businesses and companies with a substantial 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.
“Their deep expertise in technology and tech-enabled businesses aligns closely with INA’s strategic priorities of fostering innovation and driving sustainable growth within Indonesia. This partnership will enable us to introduce transformative technologies to Indonesia, facilitating the digital transformation of critical sectors and strengthening the broader technology ecosystem.” CEO of INA, Ridha Wirakusumah, said.
This strategic cooperation underscores INA’s objective to drive innovation and digitalization by partnering with global investors to address the capital needs of the Indonesian economy sustainably.
This goal reflects both entities’ intention to address the capital needs of the Indonesian economy. It also reflects INA’s and Granite Asia’s long-term commitment to unlocking Indonesia’s economy’s potential, ensuring that the country remains competitive and future-ready in an increasingly technology-driven global landscape.
“By leveraging both equity and hybrid capital solutions, we can offer tailored financing that meets the diverse needs of businesses at various stages of their technology journey. Together, we will drive innovation, foster sustainable growth, and unlock long-term value for Indonesia’s economy, helping to position the country as a leader in the region’s technology-driven future,” Senior Managing Partner of Granite Asia, Jenny Lee affirmed.
