Langham Hall Hong Kong has been appointed by NewQuest Capital Partners, a newly-established private equity manager lead by the former Bank of America Merrill Lynch Asia private equity team, to administer the NewQuest Asia Fund I, LP.

The fund is backed by a syndicate of limited partners comprising Paul Capital, HarbourVest Partners, LGT Capital Partners and Axiom Asia and has acquired substantially all of Bank of America Merrill Lynch’s non-real estate private equity portfolio in Asia.

Andrew Read (pictured), Partner and Head of Asia at Langham Hall says: “We are excited to be working with such a well regarded investment manager and team.  We look forward to developing a long standing relationship with NewQuest."

Darren Massara, NewQuest’s Managing Partner, says: “Having considered a number of administrators, we selected Langham Hall who have a particularly strong focus on private equity funds. Their detailed approach, deep sector knowledge and reputation for excellence and class leading systems were key considerations in our selection.”