Managing 889 State-Owned Enterprises, Danantara Aims to Become a World-Class Sovereign Fund

JAKARTA - The Daya Anagata Nusantara Investment Management Agency (BPI Danantara), which was formed during the leadership of President Prabowo Subianto, is tasked with managing BUMN dividends and two types of holdings, namely investment and operations.

This was conveyed by the Chief Officer of the Danantara Investment Management Agency (BPI) Pandu Patra Sjahrir in a Business Forum entitled "Danantara's Prospects Towards a World-Class Sovereign Fund" held by the President Club, recently.

"Danantara manages the operations of 889 BUMN companies with almost 100 percent ownership to carry out corporatization in order to generate dividends for investment holdings. These dividends are reinvested in domestic and foreign companies for commercial purposes," said Pandu as quoted from his written statement, Monday, June 23.

Pandu added that Danantara is committed to implementing good governance and meritocracy, including placing the best talents in BUMN such as Pertamina and Telkom.

"Although often compared to Singapore's Temasek which has been operating for 50 years, Danantara has only been running for 20 weeks. Our biggest challenge is human resources (HR). We focus on recruiting global talent through headhunters to realize President Prabowo's vision, creating long-term impact and legacy," he said.

Author of the book The Sovereign Wealth Fund Phenomenon U. Saefudin Noer welcomed Danantara's professional approach.

"Danantara's steps to build a sovereign fund with global standards are a strong signal to increase investor confidence. Its business model, talent recruitment and openness to input from various parties show a strong commitment," he said.

The former President Director of Pelindo III explained that sovereign fund models vary, such as a centralized model in Saudi Arabia or distributed in Singapore involving Temasek Holdings, GIC and the Monetary Authority of Singapore (MAS).

Meanwhile, Executive Director President Club Chandra Setiawan concluded that good governance and the best talent are the keys to Danantara's success.

In addition, the importance of transparency and professionalism to ensure investment supports priority sectors, such as infrastructure and renewable assets, for economic growth and people's welfare.

"This forum opens up new insights into Danantara's potential in managing state assets efficiently. We hope that this discussion strengthens the investment strategy oriented towards community welfare and supports the vision of Indonesia Emas 2045," he said.

For your information, the President Club is a community of entrepreneurs, academics and government officials that was established in 2011 with a total of 1,200 members currently.

The community routinely holds monthly discussions to expand investment networks and support national economic development. The event, which was attended by around 300 entrepreneurs, academics and government officials, aimed to explain Danantara's vision as Indonesia's sovereign fund to support national economic growth towards Indonesia Emas 2045.