PE giant Northstar hits second close of debut VC fund at $120mThe third — and likely final — close is expected to take place in the middle of this yea…

Southeast Asian private equity major Northstar Group has reportedly hit the second close of its early-stage VC fund at $120 million on Friday, according to sources privy to the matter, within months after the first close in January.

Northstar declined to comment regarding the updates of its Northstar Ventures I, L.P. (NSV I).