Danantara Acquires Four State-Owned Investment Managers, Managing Rp 170 Trillion in Funds
Danantara Indonesia, through PT Danantara Asset Management (DAM), has officially signed a Share Purchase Agreement (SPA) for shares in PT Mandiri Manajemen Investasi (MMI), PT BRI Manajemen Investasi (BRI MI), PT BNI Asset Management (BNI AM) and PT PNM Investment Management (PNM IM). The signing marks the transfer of control of the four SOE investment managers to DAM, which collectively recorded assets under management (AUM) of more than Rp 170 trillion as of June 2026.
Chief Operating Officer of Danantara Indonesia, Dony Oskaria, said in an official statement in Jakarta on Friday (24/7/2026) that the takeover was not merely a share purchase transaction, but a major step towards building a new force in the national investment management industry.
“This is a major step to strengthen the national investment management industry. These four companies have strong experience, networks and capabilities, and collectively manage more than Rp 170 trillion in funds,” said Dony.
Danantara affirmed that all of this strength would be channelled through improved strategy and governance, enabling the firms to grow stronger, become more competitive and deliver greater added value to the Indonesian economy.
“Within the next month, these four asset management companies will merge into a single company, becoming Indonesia’s largest asset manager. This process is part of the streamlining currently being carried out by Danantara Indonesia,” said Dony.
With an integrated business model, Dony explained that the consolidated company would widen investment access for both retail and institutional investors, whilst offering increasingly competitive investment solutions to meet the evolving needs of the market.
“In line with this strategic direction, the consolidated company will combine the strengths, experience and advantages of each investment manager to build an institution with greater scale, capability and competitiveness,” said Dony.
President Director of PT Mandiri Manajemen Investasi, Hardiyanto Pilia, said this foundation would serve as important capital for the new entity to grow into one of Indonesia’s leading investment management companies.
“This consolidation is a strategic step towards building a national investment management institution with greater scale, capability and governance. With this foundation, we are optimistic that Indonesia’s investment management industry will become increasingly competitive and able to strengthen investor confidence, both domestically and globally,” said Hardiyanto.
In the retail segment, the consolidated company will develop thematic investment products and expand investment access through the Himbara banking network, in line with the growth of the national Single Investor Identification (SID) base, which has surpassed 20 million investors.
Meanwhile, in the institutional segment, the company will strengthen its investment management capabilities by broadening its investor base and providing more comprehensive investment solutions for a range of domestic institutions.
“We see tremendous momentum ahead. With a continually growing retail investor base and strengthening institutional trust, the synergy of these four entities will make the consolidated company the investment partner of choice for millions of Indonesians,” said Hardiyanto.