TPG NewQuest (formerly NewQuest Capital Partners) is Asia's leading secondary private equity platform, specializing in providing alternative liquidity solutions to private equity asset owners across the Asia-Pacific region. Founded in 2011 as a spin-out from Bank of America Merrill Lynch's Asian Private Equity team, the firm became wholly owned by TPG in 2022 and was renamed TPG NewQuest.
43% of their portfolio is in Fintech. They made 1 investment in the last 12 months. Their most common stage is series-e (43% of deals). Average disclosed round size is $109.2M (across 7 rounds with reported amounts).
Portfolio
5
Fund Size
$981M
Top Stage
Series E
Last 12 Mo
1
Team
Arun Agarwal
TPG Growth, TPG Technology Adjacencies
Alex Albert
TPG Capital, TPG Healthcare Partners
Avi Banyasz
TPG Real Estate Partners
Robert “Bob” Baziuk
TPG Real Estate Finance Trust
David Bonderman
Darren Massara
Managing Partner
Darren Massara
Managing Partner
Ricky Ng
Managing Director
Ricky Ng
Managing Director
Amit Gupta
Partner
Desmond Lee
Partner
Roy Kim
Partner
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
Portfolio
Top Co-Investors
Last updated: 7 October 2026