# Taspen

Taspen is a Public Pension Fund based in Jakarta, Indonesia.

## Overview

- **Organization type:** Public Pension Fund
- **Headquarters:** Jakarta, Indonesia
- **Region:** Asia
- **Address:** Jl. Letjen Suprapto No. 45, Cempaka Putih, Jakarta Pusat, Indonesia
- **Founded:** 1963
- **Assets under management:** Undisclosed
- **Website:** taspen.co.id
- **LinkedIn:** https://www.linkedin.com/company/taspen-persero

## Regulatory record

- **Reports private funds:** No

## About

PT TASPEN (Persero) was established on April 17, 1963 as the designated provider of old-age savings and pension benefits for Aparatur Sipil Negara outside the Ministry of Defense. The firm remains fully owned by the Indonesian state and channels participant contributions into a portfolio dominated by Surat Berharga Negara. Investment activity centers on fixed-income holdings, direct real estate ownership through PT Taspen Properti Indonesia, and equity stakes in Indonesian banks and property companies. Confirmed positions include shares in PT Bank Negara Indonesia and PT Bank Pembangunan Daerah Jawa Timur. Geographic exposure stays within Indonesia, with development projects located in Jakarta, Tangerang, Surakarta and Manado. The organization employs 1854 people and maintains a corporate social responsibility vehicle focused on housing renovation and education programs for retirees. February 2026 events included internal culture and learning platform launches in Jakarta. Taspen operates through majority-owned subsidiaries in insurance and banking, creating an integrated structure that combines benefit administration with asset management and real estate development under one state-owned parent.

## Sectors

- Pension Fund
- Insurance
- Real Estate

## People

- Antonius N.S. Kosasih — Former President Director

## Questions

### Who runs investment decisions at Taspen?

Investment decisions sit with the board and investment committee of PT TASPEN (Persero). Antonius N.S. Kosasih served as President Director until 2024.

### Does Taspen participate in fund commitments or only direct deals?

Taspen invests directly in Indonesian government bonds, listed equities and real estate projects through its property subsidiary.

### What asset classes does Taspen hold?

The portfolio includes Indonesian government bonds, listed bank equities, commercial real estate and residential developments.

### Where does Taspen source its investment opportunities?

Opportunities arise through state mandates, joint ventures with domestic developers and direct acquisitions in Jakarta and other Indonesian cities.

### How is Taspen related to Bank Mandiri Taspen?

Taspen holds a 48.437 percent stake in PT Bank Mandiri Taspen through a joint venture with Bank Mandiri.

### Which sectors does Taspen explicitly target?

Taspen targets fixed income, real estate and selected financial services equities within Indonesia.

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Last updated: 2026-06-03T20:00:00.000Z

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