Northstar Institutional Fund To Invest In Indonesia
Posted on 12/20/2023
Singapore’s private equity and venture capital firm Northstar Group has secured approximately US$ 140 million in capital commitments from sovereign wealth funds, institutional investors, and family offices for a new fund. The fund will invest in Indonesia and other countries in Southeast Asia. Sectors included consumer internet, fintech, and enterprise software. Northstar CIO Chee-Yann Wong said: “Southeast Asia is the third-largest global region in terms of Internet users. Rising affluence, a tech-savvy young population and further digitization present great opportunities for tech start-ups.”
Northstar, founded in 2003, manages more than US$ 2.6 billion.
