The investment management arm of Toronto-based Manulife has announced a strategic partnership with the sovereign wealth fund of Indonesia.
Manulife Investment Management has entered a strategic partnership with the Indonesia Investment Authority (INA), according to a statement. The tie-up aims to further develop infrastructure in Indonesia and explore investment opportunities in the real estate and natural capital sectors.
Investments will be based on proprietary capital and capital collectively raised from both domestic as well as international third party investors. These investment partners are committed to pursuing opportunities in various logistics assets in Indonesia and are set to explore additional joint investments through a fund structure.
Dual Mandate
INA is Indonesia’s first and only sovereign wealth fund and it has a dual mandate of contributing to the country’s sustainable economic development and building wealth for future generations. In under three years, INA and its co-investor partners have deployed more than $3 billion.
«We recognize there is robust demand for high-quality logistics, data centers and other new economy infrastructure assets in the country from both multi-national and domestic customers,» said Peter Kim, senior managing director and head of institutional business, Asia Pacific (ex-Japan), Manulife Investment Management.
