NewQuest Capital Partners
NewQuest is the leading direct secondaries private equity platform focused on the Asia-Pacific region.
We specialize in providing alternative liquidity solutions to private equity asset owners, such as financial institutions, corporations, family offices, hedge funds and private equity funds. We acquire listed and unlisted assets in both portfolio and single asset situations through highly tailored transactions which address particular objectives of sellers as well as the needs of the underlying portfolio companies. Working with NewQuest provides a discreet solution, smooth transition, and continued value creation for all stakeholders.
NewQuest was established in 2011 from the spin out of Bank of America Merrill Lynch’s Asian Private Equity team. NewQuest has extensive experience in sourcing, executing, managing, and divesting private equity and special situation stakes across Asia and currently manages three funds with aggregate capital commitments of over US$1.25 billion.
NewQuest is registered with the Hong Kong Securities and Futures Commission.
NewQuest focuses on acquiring direct secondary private equity positions across Asia from investors on either a portfolio or single asset basis. NewQuest typically steps in the shoes of existing investors to become a direct shareholder in operating companies and partners with company management teams to assist them in executing on strategic growth plans.
NewQuest has accumulated significant experience in direct secondary situations throughout Asia – managing over 50 direct secondary situations over the past 5 years.
We take a fundamental approach to assessing and valuing investment opportunities. We are long-term investors who are committed to creating a sustainable alternative liquidity path by working with sellers and portfolio companies in a transparent and trust-building way. We endeavor to develop long-term relationships with all stakeholders involved – including sellers, investment managers, portfolio company founders/ management, and co-investors.
Asia's private equity market has grown rapidly over the past decade with over US$300 billion of capital raised through 2010 and over US$200 billion deployed in traditional growth capital and buy-out situations throughout the region.
Of the US$200 billion in capital deployed, it is estimated that approximately one half of that has been returned to investors to date -- about one quarter (US$50 billion) in the form of principal and another quarter (US$50 billion) in the form of capital gains. Accordingly, there remains approximately US$150 billion worth of un-exited private equity investments in the Asia region. This equates to about 5,000 individual positions held by private equity/VC firms, hedge funds, investment banks, sovereign wealth funds, and family / corporate offices.
While a large portion of these 5,000 un-exited positions will be held indefinitely as investors seek to maximize value, a significant portion will be divested as investors seek liquidity to return capital their stakeholders.
It is on this large untapped market that NewQuest will focus. NewQuest will help investors monetize their existing positions and partner with company management to assist them in achieving their operational and strategic objectives - creating value for all stakeholders.
The NewQuest team has a unique set of skills to execute this strategy having managed over 75 direct secondary positions - exiting about half of those situations.
The NewQuest team is comprised of a team of professionals who have been working together for nearly 10 years making, managing, and divesting private equity investments across Asia.
NewQuest manages a diversified portfolio of private equity investments across the Asia-Pacific Region. Portfolio companies operate in a wide range of sectors - clean energy; telecom, media and technology; financial services; healthcare; consumer; industrials; and logistics.
Representative investments include:
NewQuest is commited to and active in incorporating Environmental, Social and Governance (ESG) standards into our investment and portfolio management processes. NewQuest seeks to be a leader in the Asian private equity market on managing ESG and aims to set an example for other fund managers in the region. We are an active signatory to UNPRI and have adopted an ESG policy based on international standards. NewQuest is also actively involved in various charitable and volunteer activities in Hong Kong and around the Asia-Pacific region.
NewQuest Capital Advisors (HK) Limited
29/F Prosperity Tower
39 Queen's Road Central
Central, Hong Kong
Phone: +852 3905 3600
Fax: +852 2185 7300