NewQuest closes Fund II, prepares for hydropower take-private
NewQuest Capital Partners has reached a final close of $316 million on its second pan-Asia fund, exceeding the $300 million target. The announcement comes as the secondaries specialist is poised to take private US-listed China Hydroelectric in a deal worth approximately $190 million.
The fund is expected to be 50% deployed by the end of July. Other transactions are said to include the acquisition of a portfolio of positions from a single seller. NewQuest was created three years ago...
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