Just Closed: NewQuest Capital Partners raises $540m

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NewQuest Capital Partners has raised $540.5 million for its NewQuest Asia Fund III, according to a SEC filing. The Hong Kong-headquartered firm began fundraising in 2015 with a $500 million target.

Its previous fund raised $316 million in 2014.

The fund will target secondaries opportunities in a diverse number of sectors in the Asia/Pacific.