The chief investment officer told Reuters that sovereign wealth fund Danantara Indonesia, targeting investments of up to $14 billion this year through dividends on businesses it already controls, intends to issue a second bond within the next few months.
Chief Investment Officer Pandu Patria Sjahrir reported to the Reuters Global Markets Forum on the sidelines of the World Economic Forum on Thursday, “Last year we already committed I think about $8 billion … but the total this year goes to $14 billion that we have to deploy.”
Sjahrir also added that Danantara had already issued bonds to facilitate the funds and anticipates a second issue of its own “Patriot” bonds in the next one to two months, but he said that the agreement will be smaller and will require investor demand.
Danantara, short for Daya Anagata Nusantara, was established in February 2025 by Indonesian President Prabowo Subianto with an initial $20 billion to kick-start 20 strategic projects.
According to its official website, the fund’s mandate is to manage the assets of the state professionally and transparently, in order to facilitate the transformation of the economy of Indonesia and enhance its competitiveness.
Among the priorities of Danantara in the next 12 to 24 months, Sjahrir cites renewable energy and energy transition, digital infrastructure, healthcare, and food security, and notes that the population of approximately 300 million people must be fed.
Sjahrir stated that Danantara intends to invest both in the public and the private markets. Half of its investments in this year will be directed towards the public markets, mainly in Indonesia, but it also considers areas in China, India, Japan, South Korea, and Europe.
Sjahrir added that Danantara is dedicated to the establishment of credibility and governance standards so as to mitigate what he termed as a trust deficit around big Indonesian institutions.
Sjahrir indicated that the Danantara has been given a credit rating of BBB by Fitch, comparable to the rating of Indonesia’s sovereign, Sjahrir said, and also formed partnerships amounting to approximately $45 billion with other sovereign wealth funds, including the one announced with Qatar previously.
