Secondaries specialist NewQuest reaches $215m first close on Fund II
NewQuest Capital Partners has reached a first close of $215 million on its second fund, which focuses on direct secondary opportunities in Asia. A final close of around $300 million – the hard cap is $330 million – is expected in the first half of next year.
NewQuest was created two years ago through the spin-out of Bank of America Merrill Lynch's Asia private equity team. They took 21 private equity positions with them and raised a $400 million fund backed...
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