HONG KONG & MUMBAI, India, Nov 18 (Bernama-BUSINESS WIRE) — NewQuest Capital Partners (“NewQuest”), Asia’s leading secondary private equity firm, announced today the final close of its fourth dedicated secondary fund, NewQuest Asia Fund IV, L.P. (“Fund IV”, or the “Fund”). The Fund secured US$1 billion in total commitments, surpassing its initial target of US$850 million. The Fund increased its original hard cap of US$950 million to accommodate strong investor demand.
Fund IV investors include a diverse group of endowment funds, pension funds, sovereign funds, insurers, financial institutions and family offices across Asia, North America, Europe and the Middle East. Fund IV’s close comes on the back of NewQuest’s prior fund, NewQuest Asia Fund III, L.P., being fully deployed.
