Inframe News – Indonesia’s sovereign wealth fund Danantara has committed $1 billion to Swiss asset manager Partners Group as it expands its investments into private credit. The mandate is one of Danantara’s largest moves into global private markets so far. The investment was reported on Friday, August 28, 2026.
The $1 billion commitment is divided into two main portions. Danantara has allocated $600 million for direct-lending opportunities, while another $400 million will be managed as a discretionary tranche and used for co-investment opportunities. The structure gives Partners Group flexibility to deploy the capital across private-credit opportunities in the region.
Danantara Chief Investment Officer Pandu Sjahrir confirmed the investment in Partners Group’s private-credit business but did not disclose the amount directly. He said the investment would focus on direct-lending opportunities across Asia, particularly Indonesia. The capital is also expected to eventually flow back into Indonesia.
Partners Group had previously announced a new $1 billion private-credit mandate from a major Asian institutional investor without naming the client. The Swiss asset manager said the mandate would cover senior and junior direct lending across the Asia-Pacific region. It was structured as an open-ended evergreen investment vehicle.
The mandate comes as institutional investors are increasing their exposure to private credit in Asia. Reuters reported on August 28 that Asia represents roughly one-third of global economic output but only around 4% of the global private-credit market. Private-credit funds focused on the Asia-Pacific region raised $2.7 billion during the first quarter of 2026.
Private credit has also been attracting interest from sovereign wealth funds and insurance companies across Southeast Asia and Japan. Partners Group said it had closed more than five mandates with major institutional investors in Asia during the previous year. The firm has more than $40 billion in private-credit assets under management globally.
Danantara’s allocation comes after the fund raised $1.5 billion through its first international bond sale in June. The sovereign wealth fund has been increasing its overseas investment activity while maintaining a mandate to invest both in Indonesia and international markets. Its assets are tied to hundreds of Indonesian state-owned companies, with officials valuing the assets under its control at around $900 billion.
The fund has also been expanding its global private-market investment team. Danantara previously recruited investment professionals with backgrounds at Singapore’s GIC to strengthen its global private-market operations. The move has accompanied a broader push into private equity, private credit and other alternative investments.
The Partners Group mandate also follows another major overseas investment by Danantara earlier in August. The Indonesian fund agreed to invest $2.5 billion in a joint venture connected to JBS operations in Australia and New Zealand. The transaction was part of Danantara’s broader effort to deploy capital internationally while maintaining links to Indonesian economic interests.
For Partners Group, the new mandate adds to its growing private-credit business in Asia-Pacific. The firm said its regional private-credit platform has a 15-year track record and that its Asia operations employ more than 550 people across offices including Singapore, Hong Kong, Tokyo, Seoul and Mumbai. Partners Group manages more than $186 billion in assets globally across private equity, private credit, infrastructure, real estate and other private-market strategies.
