ARTICLE · 03 APRIL 2025

Introduction Of Indonesia Sovereign Wealth Fund – Danantara

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The Indonesian government announced on 24 February 2025, the establishment of a new Indonesian Sovereign Wealth Fund ("SWF") named, Daya Anagata Nusantara ("Danantara"), a super holding company that will manage assets of Indonesia's State-Owned Enterprise.

IndonesiaWealth Management

Muhammad Fadhil Ramadhan

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The Indonesian government announced on 24 February 2025, the establishment of a new Indonesian Sovereign Wealth Fund ("SWF") named, Daya Anagata Nusantara ("Danantara"), a super holding company that will manage assets of Indonesia's State-Owned Enterprise (Badan Usaha Milik Negara or "BUMN"). The establishment of Danantara was modelled after the success of Singapore's Temasek. Therefore, Danantara will act as a catalyst for consolidating BUMN assets.

The framework of Danantara is introduced in Law No. 1 of 2025 on Third Amendment to Law No. 19 of 2003 regarding State-Owned Enterprises ("BUMN Law") and the implementing regulation, Government Regulation ("GR") No. 10 of 2025 on Organization and Governance of Daya Anagata Nusantara Investment Management Agency ("GR 10/2025").

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