Simpson Thacher Represents NewQuest Capital in Raising $300 Million Second Direct Secondaries Private Equity Fund
Simpson Thacher represented NewQuest Capital Management Limited in the formation of its second direct secondaries private equity fund, NewQuest Asia Fund II, L.P. (“Fund II”). With $300 million in capital commitments, Fund II held its final closing on June 30, 2014. Fund II will focus on direct secondary investments across Asia.
The Simpson Thacher team representing NewQuest included Phil Culhane, Adam Furber, David Azcue, Elyn Xing (Asia Private Funds); Noah Metz (Tax); Jeanne Annarumma (Executive Compensation and Employee Benefits); and Mark Chorazak (Volcker matters).