Indonesian sovereign wealth fund Danantara has committed $1 billion to Swiss asset manager Partners Group. The capital allocation targets direct-lending investments across Asia, marking a significant step in the fund’s overseas deployment strategy.

Deal Structure

The commitment comprises two distinct tranches. Danantara allocated $600 million specifically for direct-lending investments across Asia. An additional $400 million serves as a discretionary allocation, which Partners Group will manage for co-investment opportunities. Sources familiar with the deal told Bloomberg that the funds are ultimately expected to flow back into Indonesia.

Strategic Context

Danantara is expanding its global investment footprint after raising $1.5 billion through an overseas bond offering. The fund oversees hundreds of government-owned companies and manages approximately $900 billion in assets. This move aligns with a broader push to deploy capital both domestically and internationally.

Recent activity highlights this aggressive deployment pace. Danantara recently committed $2.5 billion to JBS’s business in Australia and New Zealand, according to Bloomberg. The scale of these commitments underscores the fund’s capacity to mobilize large sums for strategic acquisitions and partnerships globally.

PT Danantara Investment Management (DIM), through its subsidiary PT Daya Energi Bersih Nusantara (Denera), has initiated the formation of a Lenders Panel to secure financing for the Danantara Waste-to-Energy or Pengolahan Sampah Menjadi Energi Listrik (PSEL) Project. The move aims to accelerate investment in sustainable waste management infrastructure across multiple cities and regencies in Indonesia. The panel is intended to establish a diversified pool of prospective lenders and financing partners for a pipeline of PSEL projects.

PT Indonesia Infrastructure Finance (IIF) has been appointed as the Financial Advisor to manage the lender registration and information-gathering process on behalf of DIM and Denera. The initiative seeks to identify financial institutions with the requisite financial strength, infrastructure financing experience, and strategic interest to support the PSEL program. Prospective lenders will be asked to indicate their financing appetite at both the portfolio and individual project levels. This will allow DIM and Denera to assess potential financing capacity and explore suitable structures, including debt, non-cash facilities, and other solutions, before any formal financing process begins.

The invitation is extended to a broad spectrum of financing institutions. Eligible participants include commercial banks, HIMBARA banks, Regional Development Banks (BPD), development finance institutions, multilateral institutions, export credit agencies, and other entities capable of providing or supporting infrastructure financing.

M. Ramadhan Harahap (Idhan), Chief Financial Officer of Denera, emphasized the strategic importance of the panel. He stated that the initiative offers lenders an opportunity to engage early in the development of financing solutions for PSEL projects, which are crucial for transforming the country's waste management sector and advancing sustainable development objectives.

Participating institutions are invited to express interest in offering or arranging various financial instruments. These include senior loans, junior and subordinated loans, equity or equity-linked instruments, bridging loans, bank guarantees, standby letters of credit, performance bonds, trade finance, mezzanine or hybrid structures, and sustainability-linked financing. ECA- or MDB-supported financing and other relevant solutions for the PSEL project pipeline are also included.

Interested institutions must register by contacting the official channel at lenderspanel.danantara@iif.co.id . IIF will guide participants through the submission of required information and the execution of confidentiality arrangements. The document submission period closes on July 28, 2026. Participation in the process does not constitute a formal offer or commitment by DIM or Denera to enter into any financing arrangement. The companies reserve the right to amend, suspend, or terminate the process at their sole discretion.