SE Asian PE major Northstar set to hit first close of early-stage fund at $75m

Photo by Micheile Henderson on Unsplash

Southeast Asian private equity major Northstar Group is said to be close to achieving the first close of its early-stage fund at $75 million, according to sources close to the development.

Northstar is targeting to raise $150 million for the new vehicle. Singapore state investor Temasek Holdings is understood to be seriously considering investing in the vehicle as it has in previous Northstar funds, the sources mentioned above said.

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