Northstar Group Prepares Funds of 8,3 Trillion Rupiah to Invest in Mature Southeast Asian Companies

Company private equity Northstar Group, founded and led by Patrick Walujo and Glenn Sugita, announced the closure of the fund flagship with a commitment value of $590 million or around 8,3 trillion Rupiah.

Northstar Equity Partners V Limited (Northstar V) funds will be channeled to mature, growth-oriented companies (mature growth companies) Southeast Asia with focus on the consumption sector, financial services, digital economy, and recovery from the COVID-19 pandemic.

In total now Northstar manage a portfolio of $2,5 billion (over 35 trillion Rupiah). Northstar's backing investors include sovereign wealth funds, insurance companies, institutional investors, family offices, and individuals with high net worth.

During 2021, Northstar V funds have been channeled to FMCG company Greenfields Dairy, a fintech startup Advanced Intelligence Group, and SaaS startups for stalls Ula. Advance AI has reached unicorn valuation, while Ula has acquired soonicorn status with a valuation of over $100 million.

Patrick Walujo, Co-Founder and Managing Partner of Northstar Group, said, "Over the past two years, we have all seen unprecedented volatility, uncertainty and complexity. However, Southeast Asia and, in particular, Indonesia continue to present long-term investment opportunities. attractive medium to long term. As the market recovers from the COVID-19 pandemic, favorable demographic conditions, rising wealth and consumption, higher levels of education and continued digitalization will drive substantial growth in the region."

“The fundraising success of flagship fund Our fifth run during today's challenging times is a testament to the strength of our team and the quality of our portfolio companies, as well as return that we have provided to investors. We look forward to building partnerships with more entrepreneurs in Southeast Asia to drive their business growth through the contribution of our capital and expertise," added Glenn Sugita, Co-Founder and Managing Partner of Northstar Group.