NewQuest Capital Partners

NewQuest Capital Partners is a leading Asia-Pacific-focused secondary private equity platform, specializing in acquiring existing private equity positions and providing liquidity solutions to asset owners and limited partners. It was established in 2011 as a spin-out from Bank of America Merrill Lynch’s Asian Private Equity team and was acquired by TPG in January 2022, now operating as TPG NewQuest. The firm manages approximately $2.6 billion in assets and has completed secondary transactions in over 80 companies across various sectors, including healthcare where it has made select investments (e.g., Cloudnine hospitals in India). NewQuest is not a biotech or pharma company and does not develop drugs, but invests in companies across business services, consumer, financial services, healthcare, and TMT (technology, media, telecom).