NewQuest Asia Fund III Reaches a First Close with More than US$500 Million in Commitments (Asia)
Source: Asian Venture Capital Journal | Author(s): Tim Burroughs
Direct secondaries fund manager NewQuest Capital Partners has reached a first close for its third fund, NewQuest Asia Fund III, with more than US$500 million in capital commitments. The fund, which has a hard cap of US$520 million, has already exceeded its initial target. NewQuest Asia Fund III will focus on direct secondary deals in the Asia-Pacific region.