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INA and Allianz Global Investors Partner to Unlock Investment Opportunities in Indonesia

23.09.2024 | Indonesia Investment Authority (INA) and Allianz Global Investors ("AllianzGI") have entered into a strategic partnership centered on co-investment opportunities to support Indonesia’s economic growth and development. This collaboration, formalized through a Memorandum of Understanding (MoU), aims to create an investment framework that leverages both parties' expertise and business network to facilitate joint investments through hybrid capital solutions scheme—innovative financing methods that blend various financial instruments to meet diverse investment needs, with a focus on infrastructure and energy transition projects.

As part of this partnership, INA and AllianzGI will aim to deploy up to US$ 200 million annually into hybrid capital solutions opportunities, which serve as customized credit solutions for Indonesian businesses. Particular emphasis will be placed on investments that align with Indonesia’s critical infrastructure needs and support the country’s ongoing energy transition initiatives.

These solutions respond strategically to the burgeoning demand for innovative financing in Indonesia that are not fulfilled by conventional senior bank loans or traditional equity. By leveraging this investment framework, both parties aim to co-invest jointly in sectors that are aligned with Indonesia’s strategic development, ensuring that investments are managed responsibly based on appropriate terms and structure to achieve optimal risk-adjusted returns for both parties.

Ridha Wirakusumah, CEO of INA, stated: "This partnership represents a strategic alignment with one of the world’s foremost asset managers based on our stringent screening strategy to leverage AllianzGI’s extensive experience and resources into play alongside INA’s strategic mandates. Our joint initiative to deploy hybrid capital solutions is about crafting a robust framework for financial innovation that supports the sustainable expansion of local enterprises. Together, we aim to enhance the investment landscape in Indonesia, ensuring each venture not only supports local economic growth but also adheres to stringent optimal risk-adjusted returns."

Sumit Bhandari, Lead Portfolio Manager of Asia Private Credit at Allianz Global Investors, stated, “Since establishing our private credit team in 2018, we have steadily expanded our presence across Asia, recognizing the immense potential the region holds for investment opportunities. Indonesia’s growth trajectory, particularly in infrastructure and energy transition, aligns closely with our strategic priorities. We are excited to support this partnership, focused on seeking to deliver tailored credit solutions to growing middle-market companies, driving sustainable development and contributing to Indonesia’s long-term economic goals.”

AllianzGI is a global asset management firm with EUR 555 billion in assets under management (AUM) as of 30 June 2024, including over EUR 90 billion allocated to private market assets, of which over EUR 50bn are infrastructure AUM positioning it as one of the largest global infrastructure investors.

Through this collaborative effort, INA and AllianzGI are committed to developing sustainable investments that aim to provide long-term value and support economic growth in Indonesia. This partnership demonstrates our joint commitment to leveraging our combined expertise to identify and capitalize on new opportunities in Indonesia, reflecting both our organizations' strategic goals to positively impact both local and international investment landscapes.

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.

 

About Allianz Global Investors

Allianz Global Investors is a leading active asset manager with over 600 investment professionals in over 20 offices worldwide and managing EUR 555 billion in assets. We invest for the long term and seek to generate value for clients every step of the way. We do this by being active – in how we partner with clients and anticipate their changing needs, and build solutions based on capabilities across public and private markets. Our focus on protecting and enhancing our clients’ assets leads naturally to a commitment to sustainability to drive positive change. Our goal is to elevate the investment experience for clients, whatever their location or objectives.

Data as at 30 June 2024. Total assets under management are assets or securities portfolios, valued at current market value, for which Allianz Global Investors companies are responsible vis-á-vis clients for providing discretionary investment management decisions and portfolio management, either directly or via a sub-advisor (these include Allianz Global Investors assets which are now sub-advised by Voya IM since 25 July 2022). This excludes assets for which Allianz Global Investors companies are primarily responsible for administrative services only. Assets under management are managed on behalf of third parties as well as on behalf of the Allianz Group.

Media Contacts:

Indonesia Investment Authority (INA)
Putri Dianita Ruswaldi
VP of Communications
Email: putri.dianita@ina.go.id

Allianz Global Investor (“AllianzGI”)
Angie Tang
Tel +852 2238 8588
Email: angie.tang@allianzgi.com

Allianz Global Investor (“AllianzGI”)
Celia Fong
Tel +852 2238 8579
Email: celia.fong@allianzgi.com

 

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