NewQuest launches fund with portfolio of BoA Merrill investments

NewQuest Capital, a $400 million fund backed by four investment firms and staffed by former BoA Merrill employees, buys a portfolio of 20 BoA Merrill private equity positions.
Darren Massara, NewQuest
Darren Massara, NewQuest

Bank of America Merrill Lynch has sold a portfolio of 20 non-real estate private equity interests to NewQuest Capital Partners, a newly established private equity fund staffed by former BoA Merrill employees.

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