Novaquest Private Equity Fund II, LP
Private Equity FundFund ID 805-6245895333Delaware, United States
Gross assets
$589M
Min. investment
$5M
Beneficial owners
58
Size rank
Top 13%
Audited
Yes
Structure
Standalone
About this fund
Novaquest Private Equity Fund II, LP is a private equity fund managed by Qhp Capital, L.P.. The fund reports $589 million in gross assets, placing it among the top 13% of private funds by size. The stated minimum investment is $5 million. Its financial statements are audited annually. Private funds are not required to publicly disclose returns; Form ADV reports assets, structure, and service providers, shown above.
Fund details
| Fund ID | 805-6245895333 |
| Fund type | Private Equity Fund |
| 3(c)(1) exclusion | No |
| 3(c)(7) exclusion | Yes |
| Master fund | No |
| Feeder fund | No |
| Fund of funds | No |
| Relies on exemption from registration | Yes |
| Annual audit | Yes |
| Prepared per GAAP | Yes |
| Sub-advised | No |
| % of assets independently valued | 0% |
Other funds from this manager
| Fund | Type | Gross assets |
|---|---|---|
| Qhp Sapphire SPV, L.P. | Private Equity | $1.12B |
| Nq Pe Orange Co-Invest, L.P. | Private Equity | $731.1M |
| Qhp Orange Co-Invest II, L.P. | Private Equity | $410.8M |
See all 14 funds from this manager — unlock the full record.
Join to unlock · $37/moFrequently asked questions
How large is Novaquest Private Equity Fund II, LP?
Novaquest Private Equity Fund II, LP reports $589 million in gross assets, among the top 13% of private funds by size.
What is the minimum investment for Novaquest Private Equity Fund II, LP?
The stated minimum investment is $5 million.
Who manages Novaquest Private Equity Fund II, LP?
Novaquest Private Equity Fund II, LP is managed by Qhp Capital, L.P.
Does Novaquest Private Equity Fund II, LP disclose returns?
No. Private funds are not required to publicly disclose performance. Form ADV reports assets, structure, and service providers.
Manager
Q
Raleigh, NC
Service providers
Prime broker
None reported
Custodian
Administrator
Auditor
Marketer
Reported gross assets
$589M▲ 10%
Feb '25Form ADV, monthlyJun '26
How this fund compares
Gross assetsTop 13%
Larger than 87% of 67,041 private funds
Gross assets vs Private Equity FundsTop 11%
Larger than 89% of 31,066 private equity funds
Minimum investmentTop 17%
Higher than 83% of funds reporting a minimum
Investor base
Adviser & related persons15%
Funds of funds35%
Non-U.S. persons21%
Share of the fund's beneficial ownership reported on Form ADV. Categories can overlap.