Watch Indonesian PEs speak on seeking out long-term bets amid the pandemic

Given the new sectors that the pandemic has thrown open for investing, Indonesian private equity (PE) firms are seeking out companies that will be “champions” in the medium- to long-term, according to Indonesian PE executives at the Asia PE-VC Summit 2020, organised by DealStreetAsia in November.

At Northstar Capital Group, for instance, there has been a strong growth in portfolio companies, in particular tech-enabled companies such as ride-hailing app Gojek, edtech platform Zenius, and aquaculture startup eFishery.

“We see robust growth in Halodoc, in which Go-Ventures has also invested, as well as Zenius. Yet, there are also exciting opportunities in non-digital companies,” said Northstar Capital Group’s co-chief investment officer Sunata Tjiterosampurno. He was speaking at a panel titled Indonesia: Will PE Chase Pandemic Proof Bets in SE Asia’s Largest Market at the summit.

Co-panelist and Creador managing partner Stefanus Hadiwidjaja said he sees opportunities emerging in data centres, data analytics, payments, and logistics sectors in Indonesia.

While e-commerce has received a shot in the arm from the pandemic, consumer priorities have shifted: “In general… fashion and accessories become the top priority, followed by personal care, home, and office equipment, and the last thing was electronics. Now, we see that food and beverages grow almost double in the pandemic era. Personal care and health also has gone up, followed by the home and office equipment too,” said Bukalapak’s CEO Rachmat Kaimuddin.

Watch the video of their chat here:

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.