Northstar Holds a First Close for Its Fourth Fund (Asia)

Source: The Wall Street Journal | Author(s): Sonja Cheung 

Southeast Asia-focused private equity firm Northstar Group has reached a first close of approximately US$500 million on its fourth fund. Northstar aims to invest around 70 percent of Fund IV, which has a hard cap of US$1 billion, in Indonesia, with the remaining capital slated for deals in the rest of Southeast Asia.