NORTHSTAR GROUP (SOURCE: NSGROUP.COM)
HISTORY
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.
KEY PERSON
Patrick S Waluyo
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.
Glenn Sugita
Co-founder, Managing Partner and Member of the Investment Committee
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 Shastry
Managing Partner and Member of the Investment Committee 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.
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.