Trendspotting & identifying the next big wave of digital economy winners

With Patrick Walujo, Co-Founder, Managing Partner and Member of the Investment Committee, Northstar Group

An early investor in Indonesian decacorn Gojek, Northstar Group is now training sights on the second wave of digital companies that are emerging in the healthtech, edtech, agritech and SaaS sectors. Northstar’s early bet Gojek merged with local e-commerce major Tokopedia, in a landmark deal, to create one of SE Asia’s biggest tech conglomerates.

Northstar will continue to back enterprises in Indonesia and Vietnam, two of SE Asia’s most attractive markets. But, have these markets delivered so far for private equity investors? Can Southeast Asia – with its lower labour costs, higher purchasing power and smartphone adoption – become Asia’s next major digital market? Patrick Walujo will discuss the firm’s investment thesis and its focus on consumers, financial services and the digital economy, sectors that are set to emerge stronger from the COVID-19 pandemic. Northstar is on track for an $800-million final close of its fifth fund by the end of the year.