Jakarta. Indonesia's sovereign wealth fund, Indonesia Investment Authority (INA), said it has mobilized about Rp 74.5 trillion ($4.7 billion) in investments with global partners over its first five years, underscoring continued investor interest in Southeast Asia's largest economy despite a volatile global environment.

INA said its own investment deployment reached Rp 33.3 trillion ($2.1 billion), while it helped attract Rp 41.2 trillion ($2.6 billion) in foreign direct investment into Indonesia.

The fund's assets under management nearly doubled to Rp 146.2 trillion ($9.1 billion) from its initial level, reflecting expansion across infrastructure, digital infrastructure, healthcare, renewable energy, and advanced manufacturing.

"INA's five-year journey reflects how global investors' confidence in Indonesia has translated into long-term investments across strategic sectors," Chief Executive Officer Oki Ramadhana said in a statement on Thursday.

The fund said it has secured about $25 billion in investment commitments from 40 strategic partners across 15 countries, including sovereign wealth funds, pension funds, insurers, asset managers, and private equity firms.

Transportation and logistics account for INA's largest investment allocation at 44%, supporting more than 250 kilometers of toll roads, port infrastructure, and modern logistics facilities. Digital infrastructure represents 29.5% of its portfolio, including investments in telecommunications towers, fiber-optic networks, and hyperscale data centers supporting Indonesia's artificial intelligence ambitions.

INA has also invested in geothermal power generation, healthcare infrastructure, and battery materials. Its advanced materials portfolio includes a lithium iron phosphate (LFP) cathode manufacturing platform that reached an annual production capacity of 30,000 tons this year, with further expansions planned through 2027.

Among INA's flagship investments are toll road platforms with global investors including Abu Dhabi Investment Authority and Dutch pension fund APG, the Bakauheni-Terbanggi Besar toll road in Sumatra, the Belawan New Container Terminal developed with Dubai-based DP World, and a $150 million investment in a national data center project in Batam.

The sovereign wealth fund said it continues to shift its portfolio toward higher-return assets such as private equity, real estate, and hybrid capital while expanding indirect investment structures to access global investment opportunities.

Created in 2021 to attract long-term foreign capital, INA operates separately from sovereign wealth fund Danantara, which oversees the country's state-owned enterprise assets.

INA retained its investment-grade ratings from Fitch Ratings in 2025 and achieved a Governance, Sustainability and Resilience (GSR) score of 72%, above the global sovereign wealth fund average of 53%, according to Global SWF.

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