Indonesia is planning its second round of fundraising for its new sovereign wealth fund (SWF) known as Nusantara Investment Authority (NIA), according to The Financial Times.
The SWF has already raised about $15.5 billion in the first round of funding, which will be used to increase infrastructure investments in Southeast Asia’s largest economy.
The list of investors in NIA is believed to include the Indonesian government, the Japan Bank of International Cooperation, the U.S. International Development Finance Corp., Caisse de dépôt et placement du Québec and APG Asset Management.