By Echo Wong and Haslinda Amin | Updated on Oct 09, 2026 at 06:26 AM
Indonesian sovereign wealth fund Danantara plans to invest more at home in the coming months after deploying capital across multiple overseas projects this year, according to its chief investment officer.
“I think this next three months, six months, we’re really looking at more domestically,” Pandu Sjahrir said in an interview with Bloomberg TV on Friday at the Milken Institute Asia Summit in Singapore.
Danantara has deployed about $5 billion to $6 billion of the approximately $13 billion it planned to invest this year, with another $5 billion committed, mainly at home, Pandu said. The fund is seeing investor interest particularly in energy transition, renewable energy and digital infrastructure in Southeast Asia’s largest economy, he said.
The fund is also working with domestic pension funds and one or two other local companies to form a consortium to acquire a stake in the country’s stock exchange, Pandu said.
The planned domestic push follows a wave of overseas deals by Danantara, which President Prabowo Subianto created in February 2025 to manage Indonesia’s state-owned enterprises and generate investment returns. It also comes after a volatile year for local markets, marked by rupiah pressure and foreign investor outflows.
In recent months, Danantara has invested in a joint venture with meat processor JBS NV’s Australia and New Zealand operations and in a deal with US gas producer HighPeak Energy. The fund has said it plans to allocate an average of $500 million to three or four hedge fund managers. It has also handed Swiss asset manager Partners Group a $1 billion private credit mandate, Bloomberg reported in August, citing people familiar with the matter.
Pandu said Danantara is considering further fundraising, including possible bond sales in the US and China and financing through its banking relationships. “The issue is more, for what,” he added, saying the fund has what it needs for the rest of this year.
Danantara is looking to invest more in artificial intelligence and has hired an executive to help it explore opportunities in China and North Asia, Pandu said.
“If you look at cost, the difference between the U.S. and China is massively different,” he said, adding that quality is comparable. “When we deploy, in China, it has to be technology that we can bring back home.”
The outlook for Indonesia is improving, Pandu said.
“A lot of the story this year about Indonesia has always been risk,” he said. “The way I see it, risk is already priced in.”
“Now it’s more about opportunities to invest in the country,” he said.
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