Indonesian sovereign wealth fund Danantara plans to cut the number of state-owned enterprises (SOEs) from 1,000 to 200; Indonesian BPJS Ketenagakerjaan (BPJS TK) plans to invest up to 5% of its portfolio overseas.
The country's first sovereign wealth fund is positioning to capture opportunities from tariff wars and geopolitical tensions while acknowledging it cannot execute alone in a fragmented global economy.
Export Finance Australia (EFA) will provide up to $175 million for IFM Investors’ private credit capabilities to partner with businesses in fast-growing region.
Temasek-backed Seviora Holdings and Azalea Investment Management have partnered with Korea’s Samsung Securities to expand Korean investor access to global private markets; Japan’s Dai-ichi Life Insurance has invested 100 million yen in CraftBank.
Indonesian SWF taps Nadine Zamira Syarief as senior vice president of sustainability; Australian super fund Rest promotes Marina Pasika to interim head of private markets; Equip Super commences search for new chief; and more.
Singapore’s sovereign wealth fund GIC accuses Nio and its top execs of artificially inflating revenue and misleading investors; South Korea's pension fund NPS is on track to post its first annual loss on foreign alternatives since 2020; The UK government will hold high-level investment talks with Australia's largest pension funds; and more.
Southeast Asia’s new sovereign investor is rapidly investing in the region’s growth and green transition, while Singapore’s GIC notes that easing rates, a weaker US dollar, and reforms are drawing global investors back to Asia.
Institutional investors are turning back to Asia, lured by deeply undervalued markets and structural growth opportunities. Khazanah and Income Insurance say Asia’s economic heft and rising private-market participation provide compelling investment opportunities.
The Indonesian sovereign wealth fund's rescue package includes a $1.44bn cash injection with a $405m debt-to-equity swap to stabilise the national airline.
In response to Indonesia's unrest and political upheaval in Thailand and Japan, investors are applying a 'stability premium', trimming risky exposures for predictable markets like Singapore and defensive sectors such as healthcare and stable tech.
GIC is in talks to sell its majority stake in Yes! Communities to Brookfield; Macquarie Asset Management has closed its first dedicated energy transition fund with over $3 billion in total commitments; and more.