Manulife Investment Management has teamed up with Indonesia’s sovereign wealth fund for a partnership aimed to close the infrastructure funding gap in the country.
The tie-up between the Indonesian Investment Authority (INA) and the Canada-based asset manager will aim to invest proprietary and collectively-raised capital in infrastructure development and real estate projects in Indonesia.
“We plan to acquire, develop and manage high-quality industrial assets and data centres in Indonesia together with INA to achieve sustainable returns as well as ESG objectives,” said Kenny Lam, chief investment officer and head of transactions, Apac real estate for Manulife IM.
It is the second such partnership struck by the INA in 2024. In January, Dutch pension investor APG Asset Management and a subsidiary of the Abu Dhabi Investment Authority invested alongside the INA in a toll roads project in Indonesia.
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