NewQuest Capital Partners
Asia secondaries challenged by valuation complications
Valuations remain a key obstacle to securing secondary transactions in Asia, even as a generation of funds becomes a year older and still struggles to generate liquidity, but the market is also growing in complexity due to the nature of the assets on...
AVCJ Awards 2016: Operational Value Add: China Hydroelectric
NewQuest Capital Partners inspired fellow shareholders in China Hydroelectric to back an aggressive take-private and achieve a seven-fold hike in equity value
NewQuest, Kotak invest in Paragon portfolio companies
NewQuest Capital Partners has joined a $21 million investment in construction firm Capacit’e Infraprojects and engineering components manufacturer Maini Precision Products, both of which are portfolio companies of India-based GP Paragon Partners.
NewQuest buys BPO asset from Ayala, Actis
Direct secondaries specialist NewQuest Capital Partners has acquired business process outsourcing (BPO) company Integreon from Philippines conglomerate Ayala Corporation and Actis Capital.
Secondaries: Waiting for the shoe to drop
Asian secondaries players are counting on an explosion in demand for alternative liquidity solutions over the next few years, but cutting deals in this niche market requires a nimble approach
NewQuest closes Fund III at $540m
Direct secondaries specialist NewQuest Capital Partners has reached a final close of its third fund at the hard cap of $540 million, increasing it from the original hard cap of $520 million in order to accommodate investor demand.
DFJ sells India assets to NewQuest
Direct secondaries specialist NewQuest Capital Partners has acquired the majority of Draper Fisher Jurvetson’s (DFJ) India portfolio.
NewQuest reaches first close on Fund III, hires ex-CVC executive
Direct secondaries specialist NewQuest Capital Partners has reached a first close of just over $500 million on its third fund, beating the initial target for the entire vehicle.
PE-backed Ujjivan Financial Services files for India IPO
Ujjivan Financial Services, an India-based microfinance institution (MFI) that has been awarded a banking license, has filed for an IPO, which would facilitate exits for several private equity backers.
NewQuest, Tsing exit China Hydroelectric to Shenzhen Energy
Publicly-traded Shenzhen Energy has agreed to acquire China Hydroelectric for $542.6 million, paving a full exit for PE backers NewQuest Capital Partners and Tsing Capital.
Secondaries specialist NewQuest to seek $500m for Fund III
NewQuest Capital Partners, which targets secondary direct transactions across Asia, wants to raise $500 million for its third pan-regional fund.
PE and ESG: More than a box check
Environmental, social and governance (ESG) issues have traditionally featured in pre-deal due diligence to mitigate risk, but GPs are increasingly called upon to weave these considerations into strategic thinking
Asia secondaries: Worth the wait?
A host of pure-play and multi-strategy managers have allocated more resources to Asia in recent years to capture the nascent secondaries opportunity. The region if offering more but has yet to reach full maturity
Renminbi secondaries: An underpenetrated market
Plenty of Chinese high net worth individuals want to sell LP interests in renminbi funds. Local and foreign secondaries managers would like to take advantage, but they are held back by an immature market
China GPs wary of public market volatility, regulation - AVCJ Forum
China’s A-share market may be trading record highs, but PE investors told the AVCJ China forum that they are still wary of public market exits, citing the amount of time it takes to complete the process.
Secondaries: A ticking clock
All the talk of a swath of GP restructurings in Asia has yet to become reality. As India and China funds raised during the heady times inch closer to the 10-year mark, are we about to see a breakthrough?
PE investors commit $96m to Indian microfinance player
A consortium of private equity firms, including CX Partners, CDC Group, NewQuest Capital Partners and Bajaj Holdings, have invested INR6 billion ($96.2 million) in Indian microfinance institution (MFI) Ujjivan Financial Services.
India secondaries: Much heat, little light
India has yet to fulfil its potential as a direct secondaries market as buyers and sellers fail to agree on valuations. A revival in investor sentiment hasn’t helped matters, but patience may eventually pay off
China downside protection: Parachute play
All PE investors want downside protection in China, but they prefer to use it as leverage in amicable negotiations rather than pursue full enforcement. Knowing the entrepreneur and the business is crucial
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...
PE-backed iKang Healthcare jumps 8.6% on US debut
Shares in iKang Healthcare Group – the Chinese healthcare services provider whose backers include GIC Private, Goldman Sachs and NewQuest Asia – climbed 8.6% on their NASDAQ trading debut following a $153 million IPO.
NewQuest, GIC set for partial exits from China's iKang
NewQuest Capital Partners and GIC Private will each make partial exits from iKang Healthcare Group as the Chinese healthcare services provider looks to raise up to $175 million through a NASDAQ IPO.
PE-backed China iKang Healthcare files for $150m US IPO
IKang Healthcare Group - the Chinese healthcare services provider whose backers include Singapore sovereign wealth fund GIC Private, Goldman Sachs and NewQuest Asia - is planning to raise up to $150 million in an initial public offering on NASDAQ.
NewQuest agrees $190m China Hydroelectric take-private
NewQuest Capital Partners has agreed to buy China Hydroelectric in a deal that values the US-listed hydropower operator at approximately $190 million.