The Northstar Group is a leading Southeast Asia private equity fund manager.

WHO WE ARE





The Northstar Group is a Singapore headquartered private equity firm managing more than US$1.8 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, telecom, and agribusiness sectors. The Northstar Group has invested over US$2.2 billion with its co-investors in the Southeast Asian region.

The Northstar Group is supported by a team of over 40 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.



Northstar has over 40 professionals devoted to investment, operations and fund administration activities. The team brings together significant international experience, deep local market insight and sensitivity to local conventions and conditions.

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.

Ashish joined Northstar in 2012. Prior to joining Northstar, he spent over 13 years at TPG, most recently as the partner responsible for TPG’s business in Southeast Asia. Before joining TPG, Ashish was an investment banker at Lehman Brothers in New York. He holds a Bachelor of Arts in Economics (honors) from Princeton University.

PORTFOLIO





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 Prima Garda Andalan – Bread and pastry retailer operating over 50 outlets in 11 cities in Indonesia

PT Bank Tabungan Pensiunan Nasional Tbk – Indonesian bank specializing in pension-backed loans to retirees and micro businesses lending.


INVESTMENT STRATEGY




Private Equity

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.

Venture 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 

INDUSTRY EXPERTISE


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.


HISTORY




2015

  • Northstar invests in PT Indaco Warna Dunia an Indonesian decorative paint manufacturer and distributor.
  • NSI Ventures invests in ConneXionsAsia Pte Ltd, The Chope Group Pte Ltd, Crayon Holdings Pte Ltd. and Oway Inc.

2014

  • Northstar holds initial closing of Northstar Equity Partners IV at more than US$500m of capital commitments.
  • Northstar forms NSI Ventures and raises its first venture capital fund to focus on early-stage investing in Southeast Asia.
  • NSI Ventures invests in Redmart Limited, Zimplistic Pte Ltd and PT Go-Jek Indonesia.

2013

  • Northstar receives a Capital Markets Services License for the provision of Fund Management services from the Monetary Authority of Singapore.
  • Northstar acquires the ERA Real Estate franchise in Singapore from Hersing Corporation Pte. Ltd. in a management buyout.

FOUNDATION




We are committed to having a positive impact on the communities where we do business and more broadly in Southeast Asia. The Northstar Foundation was created to carry out this community impact mission. The Northstar Foundation has committed financial and human resources to a number of organisations, including the Red Nose Foundation, Yayasan Karya Salemba Empat and the Paramadina Foundation.

CONTACT




Northstar Advisors Pte. Ltd.
6 Battery Road Unit #35-05 Singapore 049909
Tel: +65 6533-3210 Fax: +65 6533-3211

QUESTIONS OR COMMENTS

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