Danantara Acquires Four SOE Investment Managers, Overseeing Rp170 Trillion

Danantara Indonesia, through its subsidiary PT Danantara Asset Management (DAM), has officially taken control of four state-owned investment management firms. The acquisition encompasses PT Mandiri Manajemen Investasi, PT BRI Manajemen Investasi, PT BNI Asset Management, and PT PNM Investment Management. Collectively, these firms managed assets totaling over Rp170 trillion as of June 2026.

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This is a major step to strengthen the national investment management industry. These four companies have strong experience, networks, and capabilities, and collectively manage funds of more than Rp170 trillion.

Dony Oskaria, Chief Operating Officer of Danantara Indonesia, described the takeover not merely as a stock purchase but as a significant step toward building a new powerhouse in the national investment management industry. "This is a major step to strengthen the national investment management industry," Oskaria stated. He highlighted the combined experience, networks, and capabilities of the four acquired companies.

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Within one month, these four asset management companies will merge into the largest asset management company in Indonesia. This process is part of the streamlining that Danantara Indonesia is undertaking.

Within the next month, these four asset management companies are slated to merge into a single, consolidated entity, which Danantara Indonesia says will become the largest in the country. This consolidation is part of a broader streamlining effort by Danantara Indonesia. The integrated business model is expected to broaden investment access for both retail and institutional investors, offering more competitive solutions to meet evolving market demands. Hardiyanto Pilia, President Director of PT Mandiri Manajemen Investasi, expressed optimism that the new entity's strong foundation will position it as a leading investment management company in Indonesia, boosting investor confidence domestically and globally.

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This consolidation is a strategic step to build a national investment management institution with increasing scale, capability, and governance. With this foundation, we are optimistic that the Indonesian investment management industry will become more competitive and able to strengthen investor confidence, both domestically and globally.