# Danantara

Daya Anagata Nusantara Investment Management Agency (Indonesian: Badan Pengelola Investasi Daya Anagata Nusantara), commonly known as Danantara Indonesia or simply Danantara, is the second sovereign wealth fund of Indonesia, after the Indonesian Investment Authority. The agency is led by a chairman, currently Rosan Roeslani.
The agency is the fusion of certain functions between the Indonesia Investment Authority and the country's Ministry of State-Owned Enterprises.

## Etymology

Daya is an Indonesian word meaning "strength", "ability", or "effort", with origin traced from Sanskrit and Old Javanese. Anagata was taken either from Sanskrit or Pali, anāgata, meaning "not yet to come" or "future". Nusantara is the Indonesian name for the region spanning the Indonesian archipelago. The word nūsa meaning "island" in Old Javanese was derived from the Proto-Malayo-Polynesian word *nusa with the same meaning, and the word antara is a Javanese loanword from Sanskrit, antarā, meaning "between" or "in the middle", thus creating a compound word of nūsa + antara. Together, it means "the outer islands" (from Java's perspective) as mentioned in the 14th century Old Javanese manuscript Pararaton and Nagarakretagama.

## History

Danantara was launched on 24 February 2025. For the initial stage, it is projected to have funding of IDR 320 trillion or US$20 billion. Danantara is projected to be a global investment firm like Malaysia's Khazanah or Singapore's Temasek.
Concerns about the management and transparency of the entity were raised due to the inability of national auditors namely the Financial Audit Board (BPK), the Agency for Financial and Development Supervision (BPKP), as well as the Corruption Eradication Commission (KPK) to monitor the managed assets. However, audits may be made upon request from the House of Representatives.

## Assets

As a result of the formation of Danantara, seven state-owned enterprises have been moved out of the Ministry of State-Owned Enterprises' direct management and placed under Danantara, which are:
* Bank Mandiri
* Bank Negara Indonesia (BNI)
* Bank Rakyat Indonesia (BRI)
* Mineral Industri Indonesia (MIND ID)
* Pertamina
* Perusahaan Listrik Negara (PLN)
* Telekomunikasi Indonesia (Telkom)
When fully operated, Danantara expected to manage around IDR 14.72 quadrillion funds (US$900 billion), combined total assets of the seven state-owned enterprises.

## Organization

The following is the structure of Danantara:
* Person in Charge:
** President of Indonesia: Prabowo Subianto
* Advisory Board:
** Sixth President of Indonesia: Susilo Bambang Yudhoyono
** Seventh President of Indonesia: Joko Widodo
* Supervisory Board:
** Chairman: Erick Thohir
** Deputy Chairman: Muliaman Darmansyah Hadad
** Member: Sri Mulyani Indrawati
** Member: Sir Anthony Charles Lynton Blair
** Member: Raymond Thomas Dalio
* Managing Board
** Head of Managing Agency / Chief Executive Officer (CEO): Rosan Roeslani
** Investment Holding / Chief Investment Officer (CIO): Pandu Patria Sjahrir
** Holding Operations / Chief Operating Officer (COO): Dony Oskaria
Danantara organized into the following:
* Office of the President of Indonesia as Person in Charge of Danantara
* Advisory Board
* Supervisory Board
** Audit Committee
** Remuneration and Human Capital Committee
** Ethical Committee
* Oversight and Accountability Committee
* Managing Board (consisting of CEO, CIO, and COO)
** Offices under CEO
*** CEO Office
*** Human Resources
*** Internal Audit
*** Corporate Communication and Stakeholders
** Offices under CIO
*** Risk Committee
*** Investment and Portfolio Committee
*** Department of Investment Management
** Offices under COO
*** Chief of Legal and Risk Management
*** Chief of Financial Officer
*** Department of Asset Management