NewQuest Capital Partners
- Company typePrivate
- Founded2011
- HeadquartersCentral, Hong Kong SAR China
- Headcount11–50
- GTM typeB2B
- OfferingServices
NewQuest Capital Partners firmographics
Firmographics- Name
- NewQuest Capital Partners
- Legal name
- TPG NewQuest
- Website
- https://nqcap.com
- Company type
- Private
- Founded year
- 2011
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Ownership category
- akta.pro rank
NewQuest Capital Partners industry classification
Industry- Product category
- Private Equity Secondaries
- NAICS
- Other Investment Pools and Funds (5259), Funds, Trusts, and Other Financial Vehicles (525), Portfolio Management and Investment Advice (523940)
- SIC
- Investment Advice (6282)
- akta.pro primary industry
- Tender Offers & Liquidity Solutions (LP & GP-led) (FSANAFAE)
- akta.pro secondary industries
- Secondaries Co-Investments & Annex Funds (FSANAFAF), Secondaries-Focused Fund of Funds (LP / GP-led / Continuation Vehicles) (FSAHAKAH)
Keywords
Where NewQuest Capital Partners is headquartered
LocationHeadquarters
- HQ city
- Central
- HQ country
- Hong Kong SAR China
- HQ region
- Asia
Offices1 record
Markets served
NewQuest Capital Partners business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D
Revenue model
- Secondary Private Equity Investment Management: Manages a diversified portfolio of private equity investments across Asia-Pacific region, including direct investments held and managed by the team as well as indirect exposures through fund investments. Revenue generated through management fees and carried interest from fund operations.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels2 records
NewQuest Capital Partners product offering
Product offeringCore offering
NewQuest Capital Partners is a private equity secondaries platform focused on the Asia-Pacific region, providing liquidity solutions to investors in private equity funds. The firm acquires LP interests in existing PE funds and executes GP-led continuation vehicle transactions across business services, consumer, financial services, healthcare, and TMT sectors. Founded in 2011 and headquartered in Hong Kong, the firm operates with 30+ investment professionals across five offices.
Product overview
NewQuest Capital Partners operates as a secondary private equity platform providing alternative liquidity solutions to private asset owners across Asia Pacific. The firm specializes in GP-led transactions and direct secondary transactions, managing a diversified portfolio of PE investments across five core sectors: business services, consumer, financial services, healthcare, and TMT (Technology, Media & Telecom). The company does not offer discrete software products or modules; rather, it delivers investment management services through its platform of fund vehicles and co-investment structures.
Differentiator
Problem solved
Functional benefit
Products and services
- Asia-Pacific Secondary Private Equity Funds Pooled investment vehicles that acquire LP interests in existing Asia-Pacific private equity funds, providing liquidity to selling investors. Targeted at institutional investors seeking exposure to Asia-Pacific PE through secondary markets.
- GP-Led Continuation Vehicle Transactions
Companies that use NewQuest Capital Partners
Customer profileNamed customers2 records
Segments2 records
Ideal customer profiles1 record
NewQuest Capital Partners technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
NewQuest Capital Partners partnerships and signals
Strategic signalScale indicators2 records
Recent moves7 records
Expansion highlights5 records
NewQuest Capital Partners competitors and assessment
Company assessmentDirect peers
- StepStone Group: StepStone Group is a global private markets investment firm with significant secondary PE, co-investment, and primary fund capabilities. It is a direct peer given overlapping LP secondary and GP-led transaction activity and a growing Asia Pacific presence that competes with NewQuest for institutional capital and secondary mandates.
- Lexington Partners: Lexington Partners is the world's largest dedicated secondary private equity fund manager. It is a direct peer as both firms focus exclusively (or predominantly) on LP secondaries and GP-led secondary transactions, serving institutional LPs and GPs globally. Lexington is a key comparable for NewQuest's secondary PE strategy.
- Ardian: Ardian operates one of the largest global secondary PE platforms alongside its primary and co-investment businesses. It is a direct peer given overlapping LP secondary, GP-led, and co-investment activity, and has an established Asia Pacific presence that overlaps with NewQuest's geography.
- Coller Capital: Coller Capital is one of the largest and longest-established dedicated secondary PE managers globally. It is a direct peer to NewQuest as both firms specialize in LP-led secondaries, GP-led continuation vehicles, and complex secondary solutions for institutional investors and GPs.
- HarbourVest Partners: HarbourVest is a global private markets investment manager with active secondary, primary, and co-investment programs. Its secondary PE business is a direct peer to NewQuest's, with overlap in serving institutional LPs and GPs on LP-led and GP-led secondary transactions across geographies.
- Pantheon: Pantheon is a global private markets investment manager with a significant secondary PE strategy alongside primary fund, co-invest, and direct capabilities. It is a direct peer given overlapping LP secondaries, GP-led, and co-investment offerings serving institutional clients across regions including Asia.
Broad incumbents
- Affinity Equity Partners: Affinity Equity Partners is a Hong Kong-based mid-to-large cap Asia PE firm focused on control and significant minority buyouts. It is a broad incumbent peer given overlapping Asia geography, institutional LP relationships, and activity in many of NewQuest's focus sectors (consumer, financial services, healthcare).
- CVC Capital Partners: CVC Capital Partners is a major global private equity firm with substantial Asia Pacific operations and a broad secondary, direct, and GP-led transaction activity. It is a broad incumbent peer given its competition with NewQuest for GP-led mandates and Asia secondary transactions (notably, CVC is reportedly among bidders for Cloudnine Healthcare where NewQuest is the largest holder).
- Partners Group: Partners Group is a global private markets firm with primary, secondary, direct, and co-investment capabilities. It is a broad incumbent peer given its significant Asia Pacific franchise and secondary PE offering that competes for the same LP capital and GP-led mandates as NewQuest.
- Baring Private Equity Asia: Baring Private Equity Asia (now part of EQT) is one of the largest dedicated Asia PE platforms with primary, secondary, and direct investment activity. It is a broad incumbent peer given its overlapping Asia focus, institutional LP base, and exposure to many of the same portfolio companies and sectors as NewQuest.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
NewQuest Capital Partners social profiles
Digital presenceNewQuest Capital Partners financial estimates
Financial estimateRevenue estimate
Valuation estimate
NewQuest Capital Partners leadership team
Management profileNumber of profiles
Profiles3 records
NewQuest Capital Partners funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
NewQuest Capital Partners M&A and investment
M&A and investmentM&A2 records
Investments15 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about NewQuest Capital Partners
What does NewQuest Capital Partners do?
NewQuest Capital Partners is a private equity secondaries platform focused on the Asia-Pacific region, providing liquidity solutions to investors in private equity funds. The firm acquires LP interests in existing PE funds and executes GP-led continuation vehicle transactions across business services, consumer, financial services, healthcare, and TMT sectors. Founded in 2011 and headquartered in Hong Kong, the firm operates with 30+ investment professionals across five offices.
Is NewQuest Capital Partners a public or private company?
NewQuest Capital Partners is a private company. It is classified as corporate owned and is currently operating.
When was NewQuest Capital Partners founded?
NewQuest Capital Partners was founded in 2011. It employs 11 to 50 people.
Where is NewQuest Capital Partners based?
NewQuest Capital Partners is headquartered in Central, Hong Kong SAR China, in the Asia region.
How does NewQuest Capital Partners make money?
One revenue line is on record: secondary Private Equity Investment Management.
Who are NewQuest Capital Partners's main competitors?
Direct peers on record are StepStone Group, Lexington Partners, Ardian, Coller Capital, HarbourVest Partners and Pantheon. Broad incumbents are Affinity Equity Partners, CVC Capital Partners, Partners Group and Baring Private Equity Asia.
Does NewQuest Capital Partners have an API?
No public API is recorded for NewQuest Capital Partners.
What industry is NewQuest Capital Partners in?
NewQuest Capital Partners's product category is Private Equity Secondaries. Its primary akta.pro industry code is FSANAFAE, Tender Offers & Liquidity Solutions (LP & GP-led), with a secondary code of FSANAFAF, Secondaries Co-Investments & Annex Funds. Its NAICS code is 5259 and its SIC code is 6282.