Indonesia sovereign wealth fund aims to raise US$15bil by offering multiple funds

Indonesia finance minister Sri Mulyani Indrawati. - Bloomberg

JAKARTA (The Jakarta Post/ANN): Indonesia’s new sovereign wealth fund will offer dedicated industry funds in a bid to drum up US$15 billion investment and deepen access to global capital by Southeast Asia’s biggest economy, finance minister Sri Mulyani Indrawati told Reuters.

The structure, outlined in a briefing by top economic ministers last Friday, has been adopted to entice global investors with various appetites for risk, return and the length of investment.