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NewQuest Capital Partners operates as a leading secondary private equity platform in Asia, specializing in providing liquidity solutions for investors in private equity funds. The firm's core activity involves acquiring portfolios of Asian private equity assets, offering an alternative exit strategy for limited partners and financial institutions. Through this specialized approach, NewQuest facilitates capital redeployment and manages complex portfolio transfers, serving a critical role in the region's burgeoning private capital markets.
The firm was founded in 2011 by a team of seasoned professionals, including David Liu and Barry Lau, who previously led Bank of America Merrill Lynch’s Asia Private Equity Group. Their insight stemmed from recognizing a significant opportunity to build a dedicated secondary market player focused exclusively on the Asian region, addressing the growing need for efficient and tailored secondary transactions in an underserved market. This strategic focus allowed them to leverage deep regional expertise and established networks.
NewQuest serves a diverse client base, including institutional investors, fund managers, and financial institutions seeking to optimize their private equity holdings or divest non-core assets. The company's vision centers on becoming the premier partner for all secondary liquidity needs within Asian private equity. It aims to continue innovating its investment strategies and expanding its footprint to remain at the forefront of the region's evolving secondary market landscape.
NewQuest Capital Partners has 3 tracked investments across 2 companies. The latest tracked deal is $9.4M Series D Extension in KreditBee in March 2024.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Mar 29, 2024 | KreditBee | $9.4M Series D Extension | Wiseanya | Mirae Asset, Motilal Oswal Private Equity, MUFG Bank, Premji Invest |
| Dec 2, 2022 | KreditBee | $80.0M Series D | — | Mirae Asset Venture Investment, Motilal Oswal Alternates, Shashank Joshi, Azim Premji |
| Aug 29, 2022 | Yoyi Digital | $20.0M Series D | Newquest Capital Partners, Samsung, Zhejiang Silk Road Fund | — |