Northstar Group

Highlights from Northstar Group’s 18th Annual Investor Conference: On 3 December 2024, we had the honor of hosting Northstar’s 18th Annual Investor Conference in Jakarta. It was an inspiring day filled with meaningful discussions, fresh perspectives, and valuable insights from some of the most influential voices in the industry. The event began with a compelling keynote by Thomas A. M. Djiwandono, Indonesia’s Deputy Minister of Finance. Muliaman Hadad and Pandu Sjahrir from Danantara, Indonesia's newly established sovereign wealth fund, shared their perspectives on its transformative role in driving sustainable growth and unlocking investment opportunities across the nation. This was followed by an engaging discussion on navigating transformation, led by Vikram Sinha (Indosat) and Patrick Walujo (GoTo and Northstar). We also drew inspiration from some of our early-stage company founders in Northstar Ventures I, including Syifail Ramadhana (Orange Dental), Honey Mittal (Locofy.ai), and Hiep Nguyen (AI Hay). Additionally, insights from financial services leaders such as Goklas Rajagukguk (BFI), Lei Chen (Advance Intelligence Group), and Pavel Fedorov (Salmon) added significant value to the discussions. The conference concluded with dynamic perspectives on consumer trends, shared by Alon Zhu (Dachin), Melissa Siska Juminto (Tokopedia and Tiktok), and Ivan Sini (Bunda/Morula). A heartfelt thank you to our speakers, panelists, and attendees for their invaluable contributions to making this event a success. Together, we are shaping the future of investment and growth in Indonesia! #Northstar #2024 #Leadership #PrivateEquity #VentureCapital #InvestingInIndonesia

Today marks the 18th Annual Investor Conference for Northstar Group! We were honored to welcome Mr. Thomas A. M. Djiwandono, Indonesia’s Deputy Minister of Finance, who delivered an engaging and thought-provoking keynote address to kick off the event. The day is packed with more enriching discussions, including insights from prominent speakers like Muliaman Hadad and Pandu Sjahrir, representing Indonesia’s newest Sovereign Wealth Fund, Danantara. Looking forward to a day of meaningful conversations and shared perspectives with our esteemed guests and partners. #NorthstarGroup #InvestorConference #Leadership #PrivateEquity #VentureCapital

We are pleased to see Locofy.ai, a Northstar portfolio company, advancing its work with LLMs. This marks the beginning of an exciting phase, as the team continues to drive impactful innovations. We look forward to their ongoing progress in enabling developers and designers to streamline and accelerate workflows effectively. #Innovation #LLMs #Northstar #Locofy

We are pleased that Atome has secured a US$200M syndicated credit facility led by HSBC, with the support of DBS, SMBC and Baiduri Bank! Being one of the first sizeable credit facility extended to fintech in Southeast Asia, we hope this signifies the growth and maturity of the fintech sector in Southeast Asia. As an investor in Advance Intelligence Group, Atome's parent company, we are proud to continue supporting their journey of growth and innovation in the fintech space. Congratulations to the team on this significant milestone! #Atome #Fintech #Innovation #SEA #Northstar https://lnkd.in/gp2Ehb2G

We are pleased to announce that Northstar’s Head of ESG, Priya Gopalan, will be speaking at the inaugural Responsible Investment Forum: Asia (https://lnkd.in/gmsXqzK6) on October 29! Priya joins an esteemed panel featuring Mervin Teo, Charis Goh, Kyle Flick, and Natasha Buckley to discuss Making Data Useful for Investing.   The event unites institutional investors, fund managers, and thought leaders to explore sustainable investment strategies that drive both impact and returns.   Join us at Asia’s leading event for sustainability in private markets!   #RIFAsia2024 #PrivateMarkets #InstitutionalInvestors #SustainableInvesting #Sustainability #NorthstarGroup #ESG

📢 Northstar Group publishes its 2023 ESG & Impact Report! 🌱   At Northstar, we believe that integrating sustainable business practices into our operations and those of our portfolio companies adds value and builds long-term resilience. The report highlights our key ESG initiatives and ongoing efforts to support responsible investing.   #ESG #ImpactInvesting #Indonesia #SoutheastAsia #PrivateEquity #VentureCapital #ResponsibleInvestment #Sustainability

Congratulations to Advance Intelligence Group and PREP, two of Northstar’s portfolio companies, for being recognized in the inaugural NextGen Tech 30 list! We’re proud to see both companies driving innovation and transformation across Southeast Asia. Our Chief Investment Officer, Chee-Yann Wong, had the privilege of attending this milestone event this morning, where the award was presented by guest of honor, Deputy Prime Minister Heng Swee Keat. We’re excited to continue supporting Advance Intelligence Group and Prep as they grow and expand their impact across the region. Jefferson Lanjie Chen Tu Pham Lei Chen Andy Tan #NextGenTech30 #AI #Innovation #ASEAN #Northstar #AdvanceIntelligenceGroup #Prep

We are excited to announce that Priya Gopalan, Head of ESG at Northstar Group, will be speaking at the Asia Risk Congress 2024 (https://lnkd.in/d3hbXGc) on the Climate Risk Stage. Priya will join a distinguished panel to discuss What’s Next for Asia in Climate Risk and ESG, alongside Dr. Richie Lee (UOB), Aditi Joshi (Deutsche Bank), Mervyn Tang (Schroders), and Kevin Gin (Alpha Capital). This multi-stage event gathers top professionals across the APAC region to share insights on climate risk and sustainability. #ESGLeadership #ClimateRisk #AsiaRiskCongress #Sustainability #NorthstarGroup #ESG

Salmon Group Ltd, our portfolio company, has reached a significant milestone with Salmon Pera Serye, its financial education series, surpassing 1 million views on TikTok! https://lnkd.in/djvNYhgv #Northstar #NSV #Philippines #KeyMilestone #SalmonGroup

We are pleased to share that Northstar Group has agreed to sell its majority stake in Nera Telecommunications Ltd to Ennoconn Corporation, a Taiwanese listed enterprise solutions provider. Kudos to Nera’s management team, led by Hoi Ming Chong, for steering the company over the past few years and laying the foundation for future growth under new ownership. This is Northstar’s fourth PE exit this year and we have a few more exit deals in the pipeline. In addition, Morula IVF Indonesia (PT. Morula Indonesia), a subsidiary of our healthcare portfolio company Bundamedik Healthcare System, recently secured a strategic investment from Jinxin Fertility Group (HK) limited. Our VC team is also actively backing exciting early-stage companies, having completed 18 investments in less than two years since we closed our VC fund. This young portfolio is shaping nicely with a few up-rounds already in the works. #privateequity #venturecapital #southeastasia