NewQuest set for TPG windfall if Fund V hits $1.75b
The management team of Asia secondaries specialist NewQuest Capital Partners stands to receive a $10 million payout if the firm raises $1.75 billion for its fifth fund, as part of TPG’s acquisition agreement.
TPG bought 33.3% of NewQuest in 2018 and progressed to 66.67% in February. It claims to have helped the firm scale from $900 million in assets under management (AUM) to $2.4 billion. This was achieved...
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