Partnering with CIC and SOFAZ, INA Targets Opportunities through New Investment Platform
This investment platform is specifically designed to capture various high-quality investment opportunities in order to promote long-term capital flows.
Three leading national wealth management institutions or sovereign wealth funds (SWFs) have officially entered into a strategic partnership by establishing an investment platform named Galaxy Orientis China-ASEAN Investment Platform (CAIP) in Beijing, China, on Friday (17/4/2026). The three institutions are the China Investment Corporation (CIC), Indonesia Investment Authority (INA), and State Oil Fund of the Republic of Azerbaijan (SOFAZ).
This private equity-focused investment platform has completed its initial close at around $520 million, from a total target set at $1 billion.
The presence of this platform is specifically designed to accelerate long-term capital flows while facilitating closer industrial collaboration between China and countries in the ASEAN region. The establishment of CAIP is seen as seizing the right momentum amid the deepening China-ASEAN trade integration and the acceleration of global supply chain reconfiguration in Southeast Asia.
The investment fund will target several sectors that support this structural change, such as industry, healthcare, consumer, business services, and technology.
CIC Chairman and CEO Zhang Qingsong explained that the launch of this programme is based on the institution’s confidence in the economic growth prospects in ASEAN and the high potential for cooperation that can be explored in that corridor.
“Through investments in high-quality companies targeting the ASEAN market, we hope this fund will not only provide solid financial returns but also drive economic prosperity in the region, creating mutually beneficial outcomes, both socially and economically,” Zhang said in a press release received by Kompas on Friday.
For Indonesia, participation in this initiative is seen as a strategic step in building a dedicated investment vehicle in the China-Southeast Asia economic corridor. INA’s Interim Replacement Chairman of the Board of Directors, Eddy Porwanto, said this step also represents INA’s first investment using a funds-of-funds scheme in a thematic programme.
“Through this platform, INA aims to facilitate long-term capital flows, along with expertise and global networks, by partnering with leading global institutional investors into sectors that support sustainable growth and long-term economic value creation in Indonesia,” Eddy said.
The same sentiment was expressed by SOFAZ Chief Executive Officer Israfil Mammadov, who views this sovereign fund partnership as important for accessing one of the world’s most dynamic economic corridors.
“By combining collective expertise and long-term capital, we are better positioned to capitalise on the accelerating trade and supply chain integration between China and Southeast Asia, while contributing to further diversification of SOFAZ’s investment portfolio,” Mammadov said.
In its operations, CAIP will be managed by CGS International Securities Pte Ltd as the general partner. CGS International Chairman Wu Peng explained that they are ready to bring cross-regional knowledge and extensive networks to maximise the programme.
“We thank CIC, INA, and SOFAZ for the trust given to us to help navigate the complexities of this region while capturing its various growth opportunities,” Wu said.
The three national wealth management institutions have assets on a massive scale. As of the end of 2024, CIC recorded total assets of up to $1.57 trillion. Meanwhile, SOFAZ has managed assets exceeding $70 billion. The launch of this investment cooperation has been formalised through a signing event held in Beijing, China, on 13 April.
CIC is one of the world’s largest sovereign wealth funds, established in 2007 and headquartered in Beijing, with the primary aim of diversifying China’s foreign exchange reserves. CIC operates internationally with a professional and market-based approach, and is committed to prudent and responsible investments.
The institution also places its capital in private equity and private credit across sectors, and makes direct investments or through funds in various sectors, such as real estate, infrastructure, resources and commodities, and agriculture, in addition to managing bilateral or multilateral funds.
Meanwhile, SOFAZ is Azerbaijan’s sovereign wealth fund, established in 1999 and focused on managing the country’s oil and gas revenues with a commitment to protecting and enhancing wealth for future generations.
In maximising the funds it manages, the institution applies a diversified investment strategy by leveraging various global opportunities across sectors, which include fixed income instruments, equities, gold, real estate, and infrastructure.