Ex-Goldman Banker Walujo to Reap Reward From TPG Partnership

Patrick Walujo, a former investment banker at Goldman Sachs Group Inc., has emerged as Indonesia’s busiest dealmaker since teaming up with U.S. buyout firm TPG almost four years ago.

TPG passed over other candidates when it began scouting for a partner in the nation in 2005. The 34-year-old’s Northstar Pacific Partners shared TPG’s plan to invest in plain vanilla equity of resources firms and companies set to benefit from growing consumption in Southeast Asia’s largest economy, said Ashish Shastry, TPG’s head for the region in Singapore. Other private-equity firms seemed to focus on more complex mezzanine debt or structured deals, he said.