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PT Cardig Asset Management
Founded by Nurhadijono Nurjadin, the Cardig Group patriarch, the family office formalizes the investment activity behind the Cardig International ecosystem.
PT Cardig Asset Management
Founded by Nurhadijono Nurjadin, the Cardig Group patriarch, the family office formalizes the investment activity behind the Cardig International ecosystem. The enterprise was built primarily through PT Cardig Aero Services Tbk, a dominant ground-handling and aviation services provider at Indonesian airports. Diono Nurjadin, an MBA graduate from Pace University, previously led Cardig Aero Services and Cardig International as President & CEO before transitioning to run the family's investment arm. The strategy blends direct equity investments, real estate holdings, and co-investment vehicles. The portfolio is anchored by its legacy position in aviation services, including a stake in PT Jakarta Aviation Training Center (JATC), an independent pilot training facility near Soekarno-Hatta International Airport. A landmark corporate action reshaped the holding in April 2024: EMTEK Group (PT Elang Mahkota Teknologi Tbk) acquired a controlling stake in PT Cardig Aero Services Tbk from the family office and its partners. The firm retains commercial real estate in Jakarta through Menara Cardig and holds loan receivables tied to its operating history. Geographic exposure is concentrated in Indonesia, with a nexus of activity in Jakarta and Tangerang, while its strategic relationships extend into Singapore via SATS Ltd. Team size and total deployment figures are not publicly disclosed. Beyond the investment vehicle, the family maintains a presence in industry circles: Diono Nurjadin serves as Mentoring Officer for the YPO Indonesia chapter and sits on the Investment Board of the Indonesian Employers Association (APINDO). Philanthropic activity flows through the Air Force Group Foundation and the International Centre for Missing and Exploited Children (ICMEC). April 2024 marked the EMTEK Group acquisition, the most significant structural event in the firm's recent history. The firm occupies a distinct position as a liquidity manager for a first-generation transportation fortune. Unlike diversified multi-asset family offices, the Cardig vehicle remains deeply intertwined with its operating-company roots, managing the reinvestment of proceeds from a landmark aviation services exit while maintaining direct control of adjacent training and real estate assets. This architecture makes co-investment with legacy industrial partners, rather than fund commitments, its primary external capital interface.
General information
Firm type
Single Family Office
Year founded
2009
Location
Region
Asia
Country
Indonesia
City
Jakarta
Corporate office
Menara Cardig, Jl. Raya Halim Perdanakusuma, Jakarta Timur, DKI Jakarta 13650, Indonesia
Additional offices
Tangerang, Indonesia · South Jakarta, Indonesia
Principals
Diono Nurjadin
CEO & Director
Altss tracks 2 additional named team members for this firm — including direct investment leads, IR, and operating principals not listed on the public website.
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Frequently asked questions
How is PT Cardig Asset Management connected to Cardig Aero Services?
The family office historically held a controlling stake in PT Cardig Aero Services Tbk, the publicly traded aviation ground-handling company founded by Nurhadijono Nurjadin. In April 2024, the family office and its co-investors sold that controlling stake to EMTEK Group (PT Elang Mahkota Teknologi Tbk), partially exiting the position that generated the family's core wealth.
Does the office invest directly or through fund commitments?
PT Cardig Asset Management leans heavily toward direct co-investments and strategic partnerships rather than blind-pool fund commitments. The firm maintains equity stakes in portfolio companies like PT Jakarta Aviation Training Center and has co-invested alongside SATS Ltd of Singapore in the aviation services sector.
Who handles investment decisions at the firm?
Diono Nurjadin, CEO & Director, runs investment operations. He previously served as President & CEO of Cardig International and Cardig Aero Services. Adji Gunawan, CEO of Cardig International, is also a shareholder, and founder Nurhadijono Nurjadin remains a major shareholder in the family office, though the extent of his active decision-making is not publicly disclosed.
What is the firm's exposure to real estate?
The family office owns Menara Cardig, a commercial property on Jalan Raya Halim Perdanakusuma in East Jakarta that houses its operations office. Real estate appears to be a concentrated, directly held asset class rather than a diversified fund-driven exposure.
Is PT Cardig Asset Management a multi-family office?
No. It operates as a single family office managing capital for the Nurjadin family, the founders of the Cardig Group. There is no indication the firm opens its platform to external families or manages third-party capital.
What philanthropic structures are associated with the office?
Diono Nurjadin and the family support the Air Force Group Foundation and the International Centre for Missing and Exploited Children (ICMEC). These foundations operate separately from PT Cardig Asset Management, with no evidence of a formal donor-advised fund or family foundation housed within the investment entity itself.
Which sectors does the firm explicitly avoid?
The office does not publish a formal exclusion list. Its confirmed activity is concentrated in mobility and transportation, real estate, and private equity, with no disclosed exposure to sectors like digital health, enterprise software, or climate technology.
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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