Hashim Invites Veteran Hedge Fund Founder Ray Dalio to Join Danantara
JAKARTA, investortrust.id – Hashim Djojohadikusumo, an influential Indonesian corporate leader and special envoy for climate and energy, calls on top foreign investors to participate in the nation’s green energy push. He says inviting key financiers from around the world is crucial for accelerating projects that support Indonesia’s clean energy transition.
In a new investment management agency known as Badan Pengelola Investasi Daya Anagata Nusantara (BPI Danantara), the government plans to inject US$20 billion each year—about Rp 300 trillion—to finance various environmentally friendly initiatives. Hashim, who is also CEO of Arsari Group and Chair of the Housing Task Force, mentions that among the prospective partners is Ray Dalio, the US-based billionaire founder of Bridgewater Associates, one of the world’s most prominent hedge fund firms.
“The idea is to invite investors from Singapore and other parts of the world to invest alongside Danantara. Hopefully individuals like Ray Dalio and Bridgewater will also join,” Hashim said during the “Indonesia Green Energy Investment Dialogue 2025” in Jakarta on Thursday, Feb 27, 2025. He expressed confidence that participation from global figures would attract more major players to invest in green-focused projects, furthering Indonesia’s energy transition goals.
Ray Dalio, Founder, Co-Chief Investment Officer & Co-Chairman, Bridgewater Associates on the Forum Stage during day two of Web Summit 2018 at the Altice Arena in Lisbon, Portugal. Photo by Harry Murphy/Web Summit via Sportsfile
Hashim explained that Danantara is designed to fund viable initiatives while ensuring the nation’s pivot toward cleaner technology and lower emissions. As the younger brother of President Prabowo Subianto, Hashim underlined the administration’s vision of blending local and international resources for a sustainable future.
“The idea is to finance the green energy transition, and Danantara is one of the key tools to get it done,” he said.
The government has announced plans to allocate US$20 billion annually to Danantara. However, Hashim emphasized that Danantara would not work alone. Instead, it aims to form 50-50 partnerships with other international investors, sharing costs and risks while broadening project ownership.
“So if we invest US$20 billion, theoretically we would match it with capital from outside investors. If we do it on a 50-50 basis, Danantara provides 50% and the co-investors provide the other 50%. These investors need not be the same for every project,” Hashim noted.
President Prabowo Subianto previously stated that the annual US$20 billion would be channeled into 20 strategic ventures. These include the downstream processing of nickel, bauxite, and copper, the construction of artificial intelligence data centers, oil refineries, petrochemical plants, as well as food and aquaculture production. In line with the country’s sustainability agenda, part of the budget is also earmarked for renewable energy developments.