BPJamsostek Plans to Invest in Indonesian Infrastructure with Country SWF
Posted on 05/24/2021
Indonesia’s sovereign wealth fund (Indonesia Investment Authority) signed a Memorandum of Understanding (MoU) with state social security fund BPJS Ketenagakerjaan (BPJamsostek) to invest in infrastructure, the two companies said in a joint statement.
BPJamsostek is one of the biggest fund managers in Indonesia with 490.1 trillion rupiah worth of assets under management.
BPJamsostek will partner with the Indonesia Investment Authority to invest directly in assets such as toll roads, sea ports and airports, as well as digital infrastructure and medical support, Anggoro Eko Cahyo, BPJamsostek’s chief executive said in the statement. BPJamsostek is joining foreign asset owners like CDPQ, Abu Dhabi Investment Authority, and APG Asset Management in this venture.
