President Prabowo Subianto officially launched Danantara Indonesia, the country’s newest sovereign wealth fund, on February 24, 2025. The fund is designed to consolidate state-owned enterprises (SOEs) and improve Indonesia’s investment fund management to support national economic growth.

The initiative merges Indonesia Investment Authority (INA) with seven major SOEs, including Bank Mandiri, Bank BRI, BNI, PLN, Pertamina, Telkom Indonesia, and MIND ID. Danantara is expected to manage over $900 billion in assets, making it one of the largest sovereign wealth funds in Asia.

Rosan Roeslani Appointed CEO of Danantara

Alongside the launch, President Prabowo appointed Rosan Roeslani as CEO of Danantara. Rosan, who previously served as Minister of Investment, will lead the fund’s strategic direction. Other key leadership roles include:

• Dony Oskaria (Deputy Minister of SOEs) as Chief Operating Officer (COO)
• Pandu Sjahrir (Vice Director of PT TBS Energi Utama) as Chief Investment Officer (CIO)

This leadership team is expected to attract global investors and oversee Prabowo’s investment strategy for long-term national economic transformation.

Danantara’s Economic Impact and Future Goals

Danantara Indonesia is designed to channel state-owned assets into high-impact investments. The fund will prioritize:

• Renewable energy projects to support Indonesia’s green transition
• Advanced manufacturing to boost local production capabilities
• Downstream industries to add value to raw materials
• Agriculture and food production for national food security

The initial funding for Danantara is projected at $20 billion, with plans to launch 15-20 large-scale projects in the first year. President Prabowo has stated that Danantara will play a crucial role in achieving Indonesia’s target of 8% economic growth.

Despite the optimism, experts caution that strong governance and transparency will be essential to ensure Danantara’s long-term success. International investors will be closely monitoring how Indonesia’s sovereign wealth fund manages state assets and avoids political interference.

As Danantara Indonesia moves forward, its ability to execute Prabowo’s investment strategy will be a key factor in determining its effectiveness in driving sustainable economic growth.