Pusat Investasi Pemerintah
From Taighde
The Government Investment Unit (GIU) is an Indonesian government-owned fund, also known as Pusat Investasi Pemerintah (PIP). It was established around 2006, and is managed by the Ministry of Finance.
In August 2007 the government of Indonesia announced a joint infrastructure investment project with the Qatar Investment Authority (QIA) worth $150 million. Indonesia would put up 15% of the fund, reportedly via the PIP, while the QIA would invest the remaining 85%.
In October 2008, it was announced that the PIP, together with Indonesia's State-Owned Asset Management Company (Perusahaan Pengelolaan Aset or PPA), would invest Rp 4 trillion in a share buy-back in the Indonesian Stock Exchange; Rp 2.5 trillion of that fund will be managed directly by the PIP, with the rest to be managed by the PPA.
In February 2009 it was announced that the Indonesian government was partnering with Ant Global, a private equity firm, to raise $250 million for a clean technology fund over the next three years, to be focused on ventures such as water treatment and renewable projects in Indonesia. The PIP is expected to raise 10% of the fund.
