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$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 four private equity funds and invested in more than 30 companies across the banking, insurance, consumer/retail, manufacturing, oil and gas, coal and mining services, technology, telecom, and agribusiness sectors. The Northstar Group has invested over US$3.0 billion with its co-investors in the Southeast Asian region.

The Northstar Group is supported by a team of over 30 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.

PORTFOLIO




    

The leading on-demand hyper-local service provider in Indonesia across transportation, delivery, shopping, services and payments.


A leading minimarket chain with more than 15,000 stores across Indonesia.



APAC Realty Limited – One of the leading players in the real estate brokerage industry in Asia, operating via its exclusive ERA brand master franchise rights across 17 countries.


Northstar has over 30 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.


INVESTMENT STRATEGY




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.


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




2018

  • NSI Ventures rebrands as Openspace Ventures and splits from Northstar to become a fully independent venture fund manager.
  • Northstar completes the sale of PT Multi Adiprakarsa Manunggal (Kartuku).

2017

  • Northstar invests in the MG Group.
  • Northstar completes take-private of Innovalues, a Singapore-listed precision component manufacturer.
  • ERA completes IPO on the SGX, the first SGX IPO by a Northstar portfolio company.
  • Northstar is awarded Private Equity Deal of the Year by the Singapore Venture Capital Association for the take-private of Innovalues.

2016

  • NSI Ventures invests in LoveBonito Holdings Pte. Ltd., Grain Pte. Ltd., Jualo Pte. Ltd., Whispir Limited and MHealth-Tech.
  • Northstar and GIC complete follow-on investment in Triputra Agro Persada.
  • Northstar completes pre-IPO investment in PT Kino Indonesia Tbk.

IMPACT




We are committed to having a positive impact on the communities where we do business. The Northstar Impact Committee was created to carry out this mission. Our impact initiatives are focused on three areas:

Philanthropy: The Northstar Foundation makes regular financial contributions to a number of organisations, including the Peace Generation FoundationRed Nose Foundation, Yayasan Karya Salemba EmpatYayasan Mata Air, Yayasan Cinta Anak BangsaUniversitas Paramadina, and National University of Singapore.

Volunteering: Northstar employees regularly give of their time to a long list of community causes, including some of the foundations listed above.

Impact Investing: The Northstar Foundation has made investments in a number of businesses that are seeking to make significant impacts on the social and economic development of remote communities in Indonesia. In addition, Northstar contributes its expertise by actively consulting with the management of these businesses to further their impact. Northstar’s impact investments include (1) Jati Lintang, a sustainable teak plantation in Central Java, (2) Electric Vine Industries, a micro-utility bringing sustainable energy access to un-electrified Indonesians and (3) Du’Anyam, a social enterprise that produces and distributes wicker crafts to economically empower and improve the health of women in rural Indonesia.

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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