Jakarta. Indonesia’s sovereign wealth fund Danantara has begun investing not only in state-owned enterprises but also in selected private-sector companies, its chief investment officer said on Tuesday.

Pandu Sjahrir said Danantara’s equity strategy is not confined to State-Owned Enterprises, but also targets private stocks with strong fundamentals and high liquidity.

“We don’t limit ourselves. We look at fundamentally sound stocks — not just SOEs, but private companies as well. There are many good ones, and we have to consider them too,” Pandu said at the China Conference: Southeast Asia 2026 in Jakarta.

He said Danantara operates as an active investor in both domestic and international markets, emphasizing openness and flexibility as key principles in navigating global market volatility.

Pandu revealed that Danantara had quietly begun deploying capital into equities several months ago, although he declined to disclose the total amount invested so far.

“We are already active in the market. We’re buying stocks with attractive valuations, solid companies with strong cash flow, and adequate liquidity,” he said.

Danantara’s debut activity on the Indonesia Stock Exchange was confirmed on Feb. 2, when the benchmark index came under heavy pressure and slid nearly 5%.

During a visit to the IDX building that day, Pandu said the fund had started accumulating shares that met its criteria of appealing valuations, healthy fundamentals, strong cash flows, and sufficient liquidity.

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