INA Partners with China and Azerbaijan to Form Investment Platform, Targeting US$1 Billion

Three state-managed funds (sovereign wealth funds/SWF), namely the Indonesia Investment Authority (INA), China Investment Corporation (CIC), and State Oil Fund of the Republic of Azerbaijan (SOFAZ), have formed an investment platform named Galaxy Orientis China-ASEAN Investment Platform (CAIP). The platform’s initial fund has been closed at US$520 million, with a fundraising target of US$1 billion.

The investment platform is designed to promote long-term capital flows and strengthen collaboration between China and countries in the ASEAN region. Equity-based, CAIP will focus on investment opportunities in the industrial, healthcare, consumer, business services, and technology sectors.

“Through this platform, INA aims to facilitate long-term capital flows, along with expertise and global networks, by partnering with global institutional investors,” said Acting Chairman of the Board of Directors of INA, Eddy Poerwanto, in an official statement received by SWA.co.id on Friday (17/4/2026).

Meanwhile, the international unit of China Galaxy Securities, CGS International Securities Pte. Ltd. (CGS International), acts as the general partner. The company will provide regional expertise, operational infrastructure, and direct on-the-ground networks across Southeast Asia.

SOFAZ is utilising this platform as part of its portfolio diversification strategy. CIC will use CAIP to promote economic growth while pursuing financial returns.

“CIC, together with our partners INA and SOFAZ, is launching the Galaxy Orientis China–ASEAN Investment Program based on our strong conviction in the prospects of ASEAN’s economic growth and our deep understanding of the vast potential for China–ASEAN cooperation,” said Chairman and CEO of CIC, Zhang Qingsong.

Previously, the CAIP investment platform was officially launched in Beijing, China, on 13 April 2026.