Team

2023

Northstar invests in Una Brands

Northstar Ventures I, L.P. holds a second close at US$120 million of commitments in March 2023

Northstar makes a follow-on investment in Advance Intelligence Group

Northstar becomes UN PRI Signatory

eFishery raises US$200M in Series D, becoming the first AgriTech unicorn in Southeast Asia

2022

Launch of Northstar Ventures I, L.P. with a First Close of US$90m in December 2022

GoTo completes its initial public offering on the Jakarta stock exchange

Northstar invests in Sayurbox

Northstar invests in BFI

Northstar invests in Indosat

Successful exit of Centratama, ERA and Trimegah

2021

Final Close of Northstar Equity Partners V Limited with US$590m of commitments

Northstar invests in Greenfields

Northstar invests in Advance Intelligence Group

2020

First close of Northstar Equity Partners V Limited

Successful exit from TCRB

Northstar invests in eFishery

Northstar invests in Bundamedik

Successful substantial exit from Indomaret

2019

Northstar invests in Bank Jago

Successful exit from Bank BTPN Syariah

2018

Northstar invests in Bank BTPN Syariah

Northstar makes its first investments in Vietnam

2017

ERA is successfully listed on SGX

Northstar is awarded Private Equity Deal of the Year by the Singapore Venture & Private Capital Association for the take-private of Innovalues

First ESG policy adopted and annual ESG report published

2015

Northstar invests in Gojek

Northstar invests in Indomaret

Final close of Northstar Equity Partners IV Limited at US$810m of commitments.

2013

Northstar invests in ERA

Northstar Advisors Pte. Ltd. receives a Capital Markets Services License for the provision of Fund Management services from the Monetary Authority of Singapore

2012

Northstar invests in Centratama

Northstar invests in TCRB

Northstar invests in Trimegah

Northstar Advisors Pte. Ltd. registers with the United States Securities Exchange Commission as an Investment Advisor

2011

Northstar raises US$820m for Northstar Equity Partners III Limited

Northstar and TPG enter into a strategic alliance, with TPG becoming a small minority partner in Northstar Group. Glenn Sugita and Patrick Walujo are appointed as special advisors to TPG

2008

Northstar invests in Bank BTPN

Northstar raises US$285m for Northstar Equity Partners II Limited

2007

Northstar completes fundraising for Northstar Equity Partners Ltd. at US$110m of capital commitments

2006

Northstar invests in Alfamart

Northstar launches Northstar Equity Partners Ltd., the maiden fund of the Northstar

Northstar Advisors Pte. Ltd. registers as an Exempt Fund Manager with the Monetary Authority of Singapore

2003-2005

Northstar Group was founded in 2003 by Patrick Walujo and Glenn Sugita. The firm’s business was originally established as an Indonesian merchant bank and the two Co-Founders sourced and executed a number of transactions in, among others, the telecommunications, energy and financial services sectors. In 2005 they advised on the US$1 billion leveraged buyout of Adaro, one of Indonesia’s largest coal companies.