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Hartono Family Office
The office was established in 2016. Robert Budi Hartono and Michael Bambang Hartono serve as the patriarchs whose holdings in Djarum and Bank Central Asia form...
Hartono Family Office
The office was established in 2016. Robert Budi Hartono and Michael Bambang Hartono serve as the patriarchs whose holdings in Djarum and Bank Central Asia form the capital base. Allocations span public equities, private equity, real estate, private credit and infrastructure. Direct co-investments and SPVs are used alongside startup and late-stage positions. Confirmed holdings include Grand Indonesia, Hotel Indonesia Kempinski, Menara BCA and Padma Hotels Group in Indonesia plus Como 1907 in Italy. Activity covers Asia with additional exposure in Europe. The team includes Victor Hartono as CEO of Djarum, Martin Hartono as CEO of GDP Venture and Armand Hartono as Deputy President Director of BCA. The Djarum Foundation handles philanthropic commitments including membership in the Asian Venture Philanthropy Network. The structure routes decisions through the family holding company PT Dwimuria Investama Andalan, which separates operating businesses from investment deployment and allows coordinated oversight across the tobacco, banking and technology interests.
General information
Firm type
Single Family Office
Year founded
2016
AUM
21100 (Altss estimate)
Location
Region
Asia
Country
Indonesia
City
Jakarta
Corporate office
Jakarta, Indonesia
Principals
Robert Budi Hartono
Co-owner and patriarch
Michael Bambang Hartono
Co-owner and patriarch
Victor Hartono
CEO of Djarum
Martin Hartono
CEO of GDP Venture
Armand Hartono
Deputy President Director of BCA
Sector focus
Frequently asked questions
Who runs investment decisions at Hartono Family Office?
Robert Budi Hartono and Michael Bambang Hartono set overall direction. Victor Hartono, Martin Hartono and Armand Hartono execute through their operating roles at Djarum, GDP Venture and BCA.
How does Hartono Family Office source proprietary deal flow?
Sourcing occurs through the family's operating businesses in tobacco, banking and technology plus relationships in Indonesia and Southeast Asia.
Does Hartono Family Office participate in fund commitments or only direct deals?
The office uses direct co-investments, SPVs, private equity, real estate and infrastructure alongside select fund exposure.
What investment stages does Hartono Family Office typically target?
Stages include seed, startup, late stage and pre-IPO.
Where does the underlying wealth come from?
Wealth originates from the Djarum kretek tobacco group and the family's controlling stake in Bank Central Asia.
Does Hartono Family Office maintain philanthropic structures?
The Djarum Foundation manages philanthropy and holds membership in the Asian Venture Philanthropy Network.
What is Hartono Family Office's known posture on co-investments alongside external GPs?
Direct co-investments and SPVs form a core part of the allocation approach alongside internal vehicles.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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