Indonesia's new sovereign wealth fund is pursuing digital infrastructure investments and is possibly looking to make its entrance into the tech center, according to Reuters.
This could be the first deal for the recently established sovereign wealth fund, known as the Indonesia Investment Authority (INA).
INA launched in February following the passage of a new job-creation law, which calls for the launch of a vehicle with $1 billion in initial funding from the state budget. The fund will seek to manage $20 billion worth of assets, including some $5 billion contributed by the state this year. Out of the $5 billion, $2 billion will be in cash from the state budget and the remaining $3 billion will be in shares of state-owned enterprises and assets.
In March, INA was in discussions about 24 toll-road concessions with a total equity value of $2.57 billio
