Indonesia pension fund keen to raise PE allocations

Indonesia’s social security fund, BPJS Ketenagakerjaan, is keen to add to its direct investments, a senior executive told AsianInvestor. “The fund is allowed to invest up to 5% of its assets in direct investments, such as private equity, private credit, property, etc. That is where we believe the growth is. So far, the deployed capital is less than 0.3%, so there is room for us to allocate to direct investments,” said Edwin Ridwan, director of investment development. “It will li…