Northstar Group holds first close on Fund V

The Singapore-based firm has raised approximately one-third of Fund V.

Fund name: Northstar Equity Partners V
Amount raised: Approximately $266 million
Target size: $800 million
Stage of fundraising: First close
Predecessor fund: Northstar Equity Partners IV ($810 million)

Northstar Group has held a first close on Northstar Equity Partners V on approximately $266 million. The fund will invest in mature growth and early-stage opportunities in South-East Asia, with a main focus on Indonesia.