The Northstar Group is a Singapore headquartered private equity firm managing more than US$2.0 billion in committed equity capital dedicated to investing in growth companies in Indonesia and to a lesser extent, other countries in Southeast Asia.
The Northstar Group has a solid track record of actively growing the businesses of its investee companies over its investment horizon. Since its founding in 2003, the Northstar Group has raised five private equity funds and invested in more than 30 companies across the banking, insurance, retail, oil and gas, coal and mining services, technology, telecom, and agribusiness sectors. The Northstar Group has invested over US$2.8 billion with its co-investors in the Southeast Asian region.
The Northstar Group is supported by a team of over 50 professionals. The team brings together significant international experience, deep local market insight, and sensitivity to local conventions and conditions
The investors in the Northstar Group funds include a global list of sovereign wealth funds, pension funds, endowments, family offices, and other institutional investors.
The Northstar Group holds a Capital Markets Services License for the provision of Fund Management services from the Monetary Authority of Singapore. The Northstar Group is also an Exempt Reporting Advisor with the United States Securities and Exchange Commission.
Before co-founding Northstar in 2003, Patrick was senior vice president of Pacific Century Ventures Ltd in Tokyo. He started his career at Goldman, Sachs & Co. and worked in both the London and New York offices. In 2009, Patrick was awarded Ernst & Young’s prestigious ‘Young Entrepreneur of the Year’ award. He is a member of the International Advisory Board of the Council on Foreign Relations. Patrick holds a Bachelor of Science in Operations Research & Industrial Engineering from Cornell University.
Before co-founding Northstar in 2003, Glenn was a senior vice president of PricewaterhouseCoopers Securities Indonesia where he led a number of important projects for private and governmental clients. Prior to PricewaterhouseCoopers Securities Indonesia, Glenn was an associate director at PT Bahana Securities. He holds a Bachelor of Science in Electrical Engineering and a Master of Science in Electrical Engineering from Tennessee Technological University.
Choon Hong joined Northstar in 2011. Prior to joining Northstar, he was Director of Special Projects at CS Partners, a multi-family office, responsible for direct investments across Southeast Asia. From 2005 to 2007, Choon Hong was with the Government of Singapore Investment Corporation where he helped build the private equity investment portfolio in South Asia focusing on Indonesia. He was awarded the prestigious Overseas Merit Scholarship by the Singapore Public Service Commission.
Sunata joined Northstar in 2006. Prior to joining Northstar, he served as a director in the investment banking division of PT Danareksa Sekuritas from 2004 to 2006, and as consultant at Boston Consulting Group from 1998 to 2004. Sunata started his career as assistant vice-president for equity research of PT Lippo Securities – SBC Warburg (1995 – 1998). He holds a Bachelor of Business Administration (Distinction) from University of Wisconsin-Madison, and a Master of Finance (merit) from London Business School.
Lukman joined Northstar in 2007 and was a member of the investment team before taking on the role of chief financial officer. Prior to joining Northstar, he served as head of investment banking at PT Danareksa Sekuritas. Prior to PT Danareksa Sekuritas, Lukman was a director in corporate finance at PT Bahana Securities, where he was involved in various capital market transactions, privatizations and mergers & acquisitions in Indonesia. Lukman holds Bachelor of Architecture from Parahyangan Catholic University, Bandung, Indonesia, and a Master of Business Administration from the Wharton School of the University of Pennsylvania.
Ryan joined Northstar in September 2014. Prior to joining Northstar, he was the CFO of Stone Capital. Before that, Ryan spent two years at Government Investment Corporation of Singapore and five years at Standard Chartered Bank in financial control positions. Ryan started his career at Ernst & Young, where he spent eight years as an auditor in both the Singapore and New York offices. Ryan holds a Bachelor of Accountancy from Nanyang Technological University, Singapore.
Chris joined Northstar in 2012. Prior to joining Northstar, he spent 11 years in the legal department at Barclays Bank, concluding with the role of Asia-Pacific regional general counsel. Prior to Barclays, Chris was with Bank of America in Hong Kong where he was a member of the capital markets legal team. From 1995 to 1997, Chris was an associate in the San Francisco office of Pillsbury Winthrop. He holds a Bachelor of Arts (cum laude) in Political Science with a specialization in Business and Administration from the University of California, Los Angeles and a Juris Doctorate from the University of California, Los Angeles.
Sandy joined Northstar in 2006. Prior to joining Northstar, he was a senior manager in strategic business development and financial control at DaimlerChrysler Financial Services Asia Pacific (1996-2006), based in Singapore. Prior to that, Sandy worked for PT Sumitomo Sinar Mas Finance (1993-1996), based in Jakarta. He holds a Bachelor of Science in Computer Science from University of Alberta and a Master of Business Administration from the City University in Seattle.
PT BFI Finance Indonesia Tbk – A leading independent multi-finance company predominantly engaged in consumer financing of new and used vehicles and leasing vehicles to businesses in Indonesia.
PT Dunia Makmur Jaya operates the BreadLife chain of Japanese-style artisan bakeries. Using only high quality ingredients and following strict operational procedures, BreadLife produces delicious baked good at more than 55 outlets in 14 cities across Indonesia
PT Centrin Online Tbk, listed parent company of PT Retower Asia – Independent telecommunications tower provider in Indonesia.
PT Delta Dunia Makmur Tbk (holding company) / PT Bukit Makmur Mandiri Utama (operating company) – A leading mining services contractor in Indonesia, providing integrated services from overburden removal to coal mining and transportation.
PT Multistrada Arah Sarana Tbk – Second largest independent tire manufacturer in Indonesia.
Philippine Bank of Communications – Mid-size bank in the Philippines with a niche client base amongst the Philippine-Chinese community.
Thai Credit Retail Bank – Thai bank providing financial services to small and medium-sized enterprises and low income individuals.
PT Trimegah Securities Tbk – Full service securities and asset management company in Indonesia.
Nera Telecommunications Limited – Telecommunications solutions provider specializing in infrastructure, wireless, networks and payment solutions, across Southeast Asia, the Middle East and North Africa.
PT Trikomsel Oke Tbk – One of the largest wholesalers and retailers of mobile phones in Indonesia.
We believe that Southeast Asia, and in particular, Indonesia (with the world’s fourth largest population, attractive demographics, abundant natural resources, and a stable democracy) will continue to provide excellent investment opportunities going forward. The Northstar Group has a broad and flexible investment mandate, and we have deployed the majority of our capital in sectors where we believe we can leverage our deep experience and long-standing relationships.
We seek opportunities to invest in majority stakes or significant minority stakes in leading Southeast Asian companies. We are value-added investors who are prepared to work closely with management teams and play an active role in assisting our portfolio companies to reach their full potential. Although we will generally pursue investments in the consumer/retail, financial services, natural resources, and telecommunications sectors, we will opportunistically pursue investments in other sectors as well.
We are also prepared to back proven management teams to buy out businesses or to significantly expand their companies via a “buy and build” strategy. While we always drive our portfolio companies to “play the game better”, we often aim to “change the game” via helping our portfolio companies with acquisitions, new product development, expanded business strategies, and accessing new sources of capital.
In 2014 the Northstar Group formed NSI Ventures and raised its first venture capital fund. NSI Ventures is led by Shane Chesson and Hian Goh. Shane has spent more than a decade covering the technology space as an investment banker, and Hian is a successful entrepreneur best known for setting up the Asian Food Channel, which was sold to Scripps Interactive last year.
Click here to visit www.nsi.vc
The Northstar Group has significant industry experience in the Consumer/Retail, Financial Services, Natural Resources, Telecommunications and Services sectors. We believe that these sectors will continue to benefit from the substantial demographic and economic shifts that are occurring in Southeast Asia, including significant increases in productivity and consumption.
We believe that great teams make great companies. We work very closely with our partners, including entrepreneurs, founding families, government entities, and the management teams at our portfolio companies.
Northstar Advisors Pte. Ltd.
6 Battery Road Unit #35-05
Singapore 049909
Tel: +65 6533-3210
Fax: +65 6533-3211
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