Jakarta, Indonesia – The Private Infrastructure Development Group (PIDG), along with the Indonesia-Australia Climate and Infrastructure Partnership (KINETIK) and Affirma Capital, has launched the KINETIK Affirma Capital Climate Transition Fund I (KINETIK Fund) which supports Indonesia’s net-zero goals.
The KINETIK Fund has been set up through a cornerstone investment of AUD 50m by PIDG’s project development solution, InfraCo, utilising funds committed by the Australian Government. It will be managed by Affirma Capital, a Singapore-headquartered private equity firm.
The investments will provide growth capital and will focus on priority climate-related sectors, including:
In addition to being a limited partner in the Fund, PIDG will provide health, safety, environment and social (HSES) guidance together with impact screening, assessment, and monitoring on all proposed investments.
“PIDG has a strong commitment to scaling sustainable investments in support of Indonesia’s goal of achieving net-zero emissions before 2060”, said Marco Serena, Chief Sustainable Impact Officer at PIDG. “The KINETIK Fund and the partnerships it enables align with our 2030 strategy to mobilise USD 25bn by 2033 across South and Southeast Asia and Sub-Saharan Africa.”
The investment builds on PIDG’s previous commitments to bolster renewable energy production in Indonesia as well as ongoing efforts to mobilise private investment into sustainable domestic infrastructure sectors.
The Kinetik Affirma Capital Climate Transition Fund I follows on the successful first close of the Helios Climate, Energy Access, and Resilience (CLEAR) Fund in January 2025. The USD 200m Africa-focused climate fund was set up through seed funding from PIDG and the UK Government’s Foreign, Commonwealth and Development Office (FCDO).
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In the photo In the photo (right to left): PIDG Chief Sustainable Impact Officer, Marco Serena; Australia’s Business Champion to Indonesia, Professor Jennifer Westacott AC; Australian Ambassador to Indonesia, Rod Brazier; Director of Multilateral Cooperation and Sustainable Finance of the Ministry of Finance, Boby Wahyu Hernawan; Affirma Capital Founding Partner and CEO, Nainesh Jaisingh. Photo by Jefri Tarigan, courtesy of KINETIK.
ENDS
For more information, please contact
Aditi Sridhar
Communications Manager
Private Infrastructure Development Group (PIDG)
[email protected]
(+65) 9829 3087
