# Indonesia Officially Unveils New Sovereign Wealth Fund, Danantara

- Link: https://www.thailand-business-news.com/asean/201771-indonesia-officially-unveils-new-sovereign-wealth-fund-danantara
- Published: 2025-03-10T22:18:32+07:00
- Author: ASEAN Briefing

**Indonesia launched a new sovereign wealth fund, Danantara, focusing on economic
transformation and SOE competitiveness. It will manage seven SOEs, with assets nearing
US$900 billion, enhancing global stature.**

## Launch of Danantara

Indonesia has officially launched the Daya Anagata Nusantara Investment Management
Board, known as “Danantara”. This sovereign wealth fund aims to accelerate economic
transformation and boost the global competitiveness of Indonesia’s state-owned enterprises(
SOEs). At its launch on February 24, President Prabowo emphasized that Danantara
should function as a national development tool to optimize Indonesia’s wealth management.
It represents Indonesia’s second sovereign wealth fund, following the Indonesia 
Investment Authority (INA) in 2021.

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## Unique Role of Danantara

Unlike INA, which primarily focuses on asset management and co-investments, Danantara
has unique authority over SOEs. It can oversee capital allocation, restructuring,
and mergers directly. This distinct responsibility aims to streamline management
and drive efficiency within these enterprises, underscoring Danantara’s critical
role in strengthening Indonesia’s financial sector and fostering sustainable development.

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## Future Investments and Impact

Danantara plans to initially manage seven SOEs, including three state-owned banks,
two energy firms, a mining enterprise, and a telecommunications company. Post-acquisition,
Danantara’s assets under management are projected to reach approximately US$900 
billion. This substantial capital base positions Danantara among the world’s largest
sovereign wealth funds, significantly impacting the global financial landscape and
enhancing Indonesia’s economic stature.

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