NewQuest Capital Partners
India NBFCs: Agreeable aftermath
India’s non-bank financiers remain attractive investment targets as a convergence of macro and systemic shocks tests the market. Sturdy underlying drivers provide confidence as models evolve
India direct secondaries: Footprint freefall
A darker mood for Chinese investors in India is stirring expectations for a wave of direct secondary opportunities
TPG takes majority stake in NewQuest
TPG has agreed to take a majority interest in Asia secondaries specialist NewQuest Capital Partners, nearly three years after acquiring a minority stake in the manager.
COOs in Asia private equity: Horses for courses
The COO role is gradually becoming more prevalent in Asian private equity, but GPs struggle to find the right combination of financial skills and business acumen. The optimal candidate is often internal
Asia fund administration: Odd jobs
COVID-19 is the latest in a growing list of drivers causing private equity firms to outsource various operations. The trend is implacable but inherently flexible
ESG & secondaries: Finer filters
Rising sustainability standards pose unique challenges for investors that prefer buying into existing portfolios. Interestingly, increasingly complex deal structures are making it easier
China gay dating app Blued raises $85m in US IPO
BlueCity Holdings, the VC-backed holding company for Chinese gay dating platform Blued, traded strongly after raising $84.8 million through a NASDSAQ IPO.
China gay dating app Blued pursues US IPO
BlueCity Holdings, the company behind Chinese gay dating platform Blued, has filed an application to list on NASDAQ, which would provide a liquidity event for several PE and VC investors.
Asia secondaries: Waiting for the flood
Secondary investors expect deal flow to rebound strongly once there is more certainty on valuations. In Asia, the opportunity will be larger and more nuanced than the post-global financial crisis frenzy
NewQuest collects $1b for Asia secondaries fund
NewQuest Capital Partners has closed its fourth secondaries fund at the revised hard cap of $1 billion, comfortably exceeding the $540 million raised in the previous vintage.
India guaranteed return clauses: No sure things
Guaranteed minimum return clauses, and their impact on entrepreneurs, have drawn renewed scrutiny in Indian private equity. Investors say a reassessment of their contribution to value-add is long overdue
China secondaries: Curious conversions
An exit lag and difficulties raising money for renminbi funds in China has created a novel opening for secondaries investors comfortable moving assets from one currency to another
India secondaries: Mixed signals
India has skirted around an expected boom in secondaries activity for the past couple of years, but investors haven’t lost faith in the narrative’s eventual unfolding. The devil will be in the details
NewQuest seeks $850m for fourth Asia secondaries fund
NewQuest Capital Partners, an Asia-focused secondaries specialist in which TPG Capital acquired a minority stake last year, has set a target of $850 million for its fourth fund.
GPs bullish on Chinese IPOs - AVCJ Forum
Private equity investors believe it will become easier to take companies public in China as the country steps up the pace of capital markets reform, creating a system that is more in line with international norms.
Secondary restructurings: Opportunistic delays
Creative secondary deals are presenting private equity investors with new options for extending exposure to prized assets. Although a modest trend, it evokes big questions about best conduct
GP stakes: A matter of ownership
Many private equity firms in Asia have been approached about selling a GP stake, whether it is to facilitate succession or in return for supporting a fundraise. Responses to such propositions are mixed
Deal focus: Growth capital secondaries
NewQuest Capital Partners and Committed Advisors have invested $175 million in a fund intended to institutionalize the Basil Partners platform and help its portfolio companies achieve greater scale
NewQuest, Committed Advisors back $175m restructuring
NewQuest Capital Partners and Committed Advisors have bankrolled the formation of a $175 million fund that will acquire the existing portfolio of Singapore-based Basil Partners and provide additional capital for follow-on investments.
TPG buys stake in Asia secondaries specialist NewQuest
TPG Capital has agreed to take a minority stake in Asia-focused NewQuest Capital Partners, with a view to helping the secondaries specialist scale up its platform and address a wider variety of opportunities in an expanding yet underpenetrated market.
Private equity AGMs: In the spotlight
The quality of a private equity firm’s AGM says a lot about the quality of the firm itself. LPs make their assessments based on informal conversations and observations as much as what happens on stage
Secondaries: Holding patterns
Advisory firms focused on private equity secondaries are confident that Asia will fulfill its potential as an expansion market for their services. They will not be able to effectively seize the opportunity remotely
Active outreach key to middle-market fundraising – AVCJ Forum
Fund managers in Asia’s middle market must demonstrate excellent customer service to make themselves stand out to increasingly overstretched LPs, industry participants told the AVCJ Forum.
NewQuest joins $31m round for China video cloud player
Asia-dedicated secondaries investor NewQuest Capital Partners has participated in a RMB208 million ($31 million) Series C round for Bokecc.com, a China-based company that offers video cloud computing solutions.