Indonesian Wealth Fund Danantara to Deploy Funds Before Year-End

Indonesia’s newest sovereign wealth fund plans to start deploying some of its billions of dollars in investment capital before the end of the year, possibly alongside foreign partners, a senior executive said.

Danantara’s investment arm “should be able to deploy” part of its cash from state company dividends and a maiden bond issuance in the coming months, Sunata Tjiterosampurno, senior director for investments at the fund, said in an interview at a Bloomberg forum in Jakarta on Tuesday.

The fund is reviewing more than 50 deals, including waste-to-energy projects in as many as 20 cities that are ready ...