What U.S. Investors Need to Know about Indonesia's Danantara | Asia Forward | Episode 18
“Indonesia is a sexy story. We just don’t talk about it too much,” says Pandu Sjahrir, Chief Investment Officer of Danantara Indonesia, the country’s newest sovereign wealth fund, as he lays out Indonesia’s investment case for global investors. Recorded in New York City during the U.N. General Assembly, episode 18 of Asia Forward looks at what U.S. investors should understand about Danantara, Indonesia’s investment strategy and the sectors drawing global interest. Sjahrir explains to host Ledy Simarmata how Danantara is restructuring state-owned enterprises, building relationships with global capital allocators and looking for opportunities in sectors including digital infrastructure, energy, financial services and food security. The episode also discusses Danantara’s first U.S. dollar bond, its investment-grade credit ratings, governance standards and the pressure that comes with managing a large portfolio of state assets. A central theme of the conversation is Danantara’s focus on human capital. Sjahrir says its investments are intended not only to generate returns, but also to bring knowledge, technology and global expertise back to Indonesia. He describes Danantara as a platform for Indonesian professionals and companies to compete at a global level, while using international partnerships to strengthen capabilities at home. He also speaks candidly about the high level of public scrutiny surrounding Danantara and the expectations that come with managing state assets on behalf of the country. For Sjahrir, that pressure is part of the job. As he puts it, “The job is to deliver.”On Indonesia’s broader investment case, Sjahrir describes the challenge as “the art of selling a nation,” making the case for Indonesia through its market size, natural resources and talent to build long-term partnerships with global investors. The conversation also covers Indonesia’s changing economic leadership, including a new finance minister and central bank governor, at a time when investors are closely watching Indonesia’s fiscal policy and the rupiah. Sjahrir talks about the importance of coordination among Indonesia’s leaders and what that could mean for investor confidence.The episode also looks at where Danantara sees opportunities for U.S. investors, including AI, data centers and other digital infrastructure, as well as energy and financial services. Sjahrir mentions growing interest from global investors and the role technology and knowledge transfer could play in Indonesia’s next phase of growth.Looking ahead, he reflects on what Danantara could become over the next decade and where U.S.-Indonesia investment ties could be stronger. For Sjahrir, the long-term goal is not simply to attract capital, but also to build partnerships that help Indonesian companies and professionals compete globally.