Indonesia Investment Authority plans to reduce exposure to infrastructure in the medium term and look for assets with shorter holding periods, Christopher Ganis, chief investment officer of the sovereign wealth fund, says in an interview with Singapore’s Business Times newspaper.
“While infrastructure remains the foundation [of INA’s portfolio], we are increasingly complementing it with asset classes that offer contractual returns, shorter tenors and higher-yield characteristics,” Ganis says in the interview published on October 17.
He says these asset classes include real estate, hybrid capital solutions, and select fund strategies that provide greater flexibility in capital deployment.
INA’s annual report shows that as of end-2024, infrastructure accounted for 77% of the US$3.4 billion in accumulated investment value of the wealth fund and its co-investors, followed by private equity at 11% and real estate, 3%.
Spokespersons for the wealth fund did not immediately respond to questions from Asia Asset Management.
INA was formed in 2021 with $5 billion of capital from the government and a dual mandate to generate returns and foster sustainable growth. It initially focused on direct equity investments to bring in foreign co-investors.
