Danantara Hires Ex-GIC Executives to Lead Private Market Push

Indonesian sovereign wealth fund Danantara has hired two former GIC Pte. investment professionals to lead its global private market coverage, according to people familiar with the matter.

Daniel Lim and Weihan Wong have been appointed directors of investment and report to Stefanus Ade Hadiwidjaja, Danantara’s managing director of investment, the people said, who asked not to be identified discussing private matters. Lim is tasked with looking at private credit opportunities including structured debt and hybrid instruments, while Wong is responsible for private equity, they added.