The establishment of the Investment Management Agency Daya Anagata Nusantara (Badan Pengelola Investasi Daya Anagata Nusantara or BPI Danantara) in early 2025 marked a major shift in Indonesia’s strategic project financing landscape. The institution was created to consolidate state assets while attracting large scale global investment.
As Indonesia’s second sovereign wealth fund after the Indonesia Investment Authority, Danantara introduces a more professional investment approach. Its role now extends beyond managing state owned enterprises (Badan Usaha Milik Negara or BUMN) to acting as an active investor in national projects.
For Domestic Investment Companies (Penanaman Modal Dalam Negeri or PT PMDN), Danantara opens new capital access opportunities. Through strategic partnerships, national private companies can directly participate in large scale development projects.
However, how to apply for funding from Danantara for PT PMDN is not a simple process. It is conducted through formal project based selection mechanisms that emphasize project feasibility and economic impact.
Danantara Investment Management as the Primary Funding Gateway
Danantara operates through two main units with distinct roles. Understanding this structure is the first step before submitting a funding proposal.
Danantara Asset Management (DAM) focuses on transforming existing state owned enterprises. This unit primarily handles operational efficiency and asset value enhancement.
Danantara Investment Management (DIM) serves as the main entry point for new investments. It manages strategic project funds and partners directly with the private sector.
DIM acts as a bridge between government capital, global investors, and national companies. In practice, all PT PMDN funding proposals are processed through this unit.
Eight Priority Sectors Aligned with Danantara’s Investment Strategy
Danantara only finances projects that support Indonesia’s economic transformation agenda. The following sectors are the core investment focus:
- Renewable energy
Geothermal, solar, wind, and other clean energy projects are continuously promoted to accelerate the low carbon transition. - Minerals and downstream processing
Processing of nickel, bauxite, and copper is prioritized to increase domestic value creation. - Digital infrastructure
Data centers and advanced technology are viewed as the backbone of Indonesia’s digital economy. - Infrastructure and utilities
Integrated transportation and energy systems are developed to improve national efficiency. - Real estate and special economic zones
Strategic area development is expected to become a new growth engine. - Financial services
Insurance innovation, asset securitization, and financial inclusion receive strong attention. - Food and agriculture
Food security and modern agribusiness remain long term priorities. - Healthcare services
Hospital development and pharmaceutical industries are strengthened to achieve national self reliance.
If a PT PMDN project falls outside these sectors, the opportunity to secure funding from Danantara becomes very limited.
Official Mechanisms for Applying for Funding from Danantara
How to apply for funding from Danantara for PT PMDN follows a project based selection process. There is no open application system similar to bank loans.
In general, the process includes:
- Monitoring project announcements or the Selected Provider List (Daftar Penyedia Terpilih or DPT)
Danantara typically opens partner selection for specific projects such as Waste to Energy or strategic infrastructure developments. - Submission of application documents
Companies must provide technical profiles, financial strength, and comprehensive project plans. - Project briefing sessions (aanwijzing)
This stage offers detailed explanations regarding evaluation criteria and performance expectations. - Due diligence and bankability assessment
DIM teams analyze economic feasibility, national impact, and project risks. - Investment structure negotiations
Most projects use joint venture or project financing schemes, with Danantara typically holding around 30 percent equity.
This process ensures that only high quality projects receive funding support.
Project Standards Required by Danantara
Not all large projects automatically pass the selection process. Danantara applies strict eligibility standards.
- Commercial viability is the primary requirement. Projects must generate sustainable financial returns.
- National economic impact is evaluated seriously. Ideal projects create broad employment and stimulate growth.
- Technical readiness must be demonstrated early. Land availability, raw material supply, and basic permits should already be secured.
- Environmental, Social, and Governance (ESG) standards are mandatory. Environmentally harmful projects are almost always rejected.
- Risk mitigation frameworks must be professionally designed. Financial, legal, and operational risks must be clearly identified.
Patriot Bonds as an Alternative Participation Channel
Beyond direct funding, PT PMDN can participate through Patriot Bonds. These instruments are strategic bonds issued by Danantara.
The fundraising target for Patriot Bonds reaches IDR 50 trillion. The funds are allocated to national strategic projects.
The coupon rate is relatively low at around 2 percent. However, the bonds can be used as banking collateral.
Ownership of Patriot Bonds is often viewed as an initial step in building long term strategic relationships with Danantara.
Strategic Project Examples Offering Private Sector Opportunities
One major project involves converting waste into electricity. This initiative addresses waste management issues while increasing energy supply.
PT PMDN can participate as technical partners or infrastructure operators. Financing structures usually apply project financing models.
Another project focuses on developing the Hajj Village in Mecca. The facility is designed as permanent accommodation for Indonesian pilgrims.
National companies in construction, hospitality, and halal logistics sectors have significant opportunities within this project.
Official Contact Information for Danantara
For initial engagement, companies may contact:
- General email: contact@danantaraindonesia.com
- Project specific email: WtE.Partnership@danantaraindonesia.com
- Office address: Wisma Danantara Indonesia, Jl. Jend. Gatot Subroto Kav. 36 to 38, South Jakarta
Danantara also operates a whistleblowing system to ensure transparency throughout the investment process.
XPND as a Strategic Partner in Establishing PT PMDN Ready for Danantara Funding
How to apply for funding from Danantara for PT PMDN is closely linked to company readiness from the very beginning. A solid legal structure, complete licensing, and professional governance form the foundation before any project can be considered investment ready.
Many project proposals fail not because of weak ideas, but due to unprepared legal and administrative entities. This issue receives strong attention during Danantara’s due diligence process.
This is where XPND plays a strategic role for national business owners. XPND supports the establishment of PT PMDN comprehensively, with approaches aligned to modern business needs and institutional investment standards.
XPND’s services go beyond company incorporation documents. Assistance includes ownership structure planning, OSS based licensing, and alignment of business classifications with national priority sectors.
With a strong corporate foundation from the outset, PT PMDN can more easily meet Danantara’s eligibility criteria. Company profiles become more credible during strategic partner evaluations.
XPND also ensures continuous regulatory compliance as policies evolve. This helps companies avoid legal barriers when entering large scale investment phases.
Professional support from the establishment stage minimizes operational risks in the future. Companies can focus on project development without being distracted by legal complexities.
