Sovereign wealth fund Danantara Indonesia expects to invest up to $14 billion this year using dividends from businesses it already owns, its chief investment officer told Reuters, while also planning a second bond issue in the next couple of months.
“Last year we already committed I think about $8 billion … but the total this year goes to $14 billion that we have to deploy,” Chief Investment Officer Pandu Patria Sjahrir told the Reuters Global Markets Forum on the sidelines of the World Economic Forum on Thursday.
Sjahrir also said Danantara had already issued bonds to help with the funds and expects a second issuance of its “Patriot” bonds within the next one to two months, though he said the deal is expected to be smaller and will depend on investor demand.
Danantara, short for Daya Anagata Nusantara, was launched in February 2025 by Indonesian President Prabowo Subianto with an initial $20 billion to kick-start 20 strategic projects.
The fund’s mandate is to manage state assets professionally and transparently, while supporting Indonesia’s economic transformation and strengthening its competitiveness, according to its official website.
Danantara’s priorities over the next 12 to 24 months include renewable energy and energy transition, digital infrastructure, healthcare and food security, Sjahrir said, pointing to the need to feed a population of around 300 million.
Danantara plans to allocate capital across public and private markets, said Sjahrir. About half of its investments this year will go to public markets, largely in Indonesia, while it also evaluates opportunities in China, India, Japan, South Korea and Europe.
Sjahrir said Danantara is focused on building credibility and governance standards to reduce what he described as a “trust deficit” around large Indonesian institutions.
Danantara has secured a BBB credit rating from Fitch, in line with Indonesia’s sovereign rating, Sjahrir said, while it has also established partnerships totalling about $45 billion with other sovereign wealth funds, including one previously announced with Qatar.
Reuters
