Asia

Nick Miles becomes head of European and Asia-Pacific private equity within the investment bank's private capital advisory group.

The Asian directs specialist has raised nearly 90% of the capital it's seeking for NewQuest Asia Fund IV, which has been in market since at least April.

KKR, Warburg Pincus and TPG-managed funds are included in the Singaporean state investor unit's latest securitised offering.

The portfolio, worth up to $5bn, comprises around 35 positions and is 75% unfunded, Secondaries Investor revealed in March.

Pfäffikon-based Martha Heitmann and Hong Kong-based Brooke Zhou were promoted in May, a spokeswoman confirmed.

The Asia secondaries specialist is seeking $300m for TR Capital IV and is targeting US investors, according to an SEC filing.

The Asia specialist is seeking $850m for direct secondaries and sponsor-led deals, which account for a growing proportion of its investments.

The spin-out of 55 people, 35 companies across three continents and the need to juggle the interests of several LPs that happen to be secondaries firms: the deal shows just how far things have come.

Anyone doubting that Asia could provide meaningful secondaries dealflow should think again.

The sale of the portfolio, which is largely unfunded, follows the banking giant's February sale to buyers including Lexington Partners.