Australian Development Investments announces strategic partnership with ACV Capital through KINETIK initiative

Published on February 11, 2025

Australia’s flagship impact investment fund, Australian Development Investments (ADI), today announced a strategic partnership with Indonesian venture capital firm ACV Capital (formerly AC Ventures) under the KINETIK initiative.

This collaboration aims to unlock finance for high-impact, scalable businesses in Indonesia that are driving the transition to a low-carbon economy. ACV Capital Climate Strategy will focus on sectors such as renewable energy, electric mobility, energy efficiency, waste management & circular economy, and climate-smart agriculture, with the goal of significantly reducing CO2 emissions.

A shared vision for a sustainable future

ACV Capital, a leading venture capital firm with a strong track record of supporting sustainable businesses, is well-positioned to leverage its expertise and network to maximize the impact of this strategy.

Beyond capital, ADI will provide ACV Capital and its portfolio companies with strategic support, embedding a gender lens investment approach, assisting businesses in scaling their operations, and ensuring measurable environmental and social impacts.

“The Australian Government’s commitment will enable ACV Capital to identify and support businesses that are at the forefront of the energy transition,” said Jonathan Gilbert, Minister-Counsellor – Economic, Investment and Infrastructure. “ADI is dedicated to fostering partnerships that deliver financial returns while generating tangible climate, gender, and development benefits.”

This strategic partnership is expected to attract additional private sector participation, accelerating the deployment of capital toward innovative technological solutions that combat climate change.

“This partnership is a testament to the growing recognition of the importance of climate-focused investments. Together, we can drive meaningful change and contribute to a more sustainable future,” said Helen Wong, Managing Partner at ACV Capital.

Australian investor mission to Indonesia

The announcement coincides with an Australian investor delegation visit to Indonesia, featuring long-term investors such as Macquarie Group, ANZ Bank, and Aspen Medical, alongside key stakeholders from the healthcare, logistics, infrastructure, energy, mining, and resources sectors.

Over the past decade, Australian companies have invested more than US$4.3 billion in Indonesia, with annual investments now exceeding US$500 million. Increased investment in Indonesia’s SMEs through ADI will help the country achieve its economic growth targets while drawing Australian foundation and family office impact investors into the region.

“We want to see Australian investors recognizing and capitalizing on the opportunities Indonesia presents. There are many different entry points to the market, including impact-focused venture funds like ACV Capital,” said delegation leader Jennifer Westacott.