Asia-Pacific

A total of 1,520 funds closed in 2022, raising $727.3bn between them – this is down from the $829.8bn raised in 2021, according to PEI data.

While awareness has grown, engaging with management teams to gain buy-in and demonstrate the value of ESG is crucial, say Michael Octoman and Bence Szegedi at Navis Capital Partners.

Private real estate giant Gaw Capital is among those offering investors the ability to eschew China exposure in its latest flagship fund.

In this fourth episode of our miniseries Private Markets and the End of Cheap Money, we look at how private equity firms are dealing with currency risk and how deals are being affected by interest rates rising at different paces in various global regions.

Speaking at the HKVCA’s annual forum, Colin Sau, managing partner of TR Capital, said the firm is increasing its focus on China in 2023 after a slowdown in recent years.

Zombie funds, LP substitutions and a dealmaking rebound could be on the cards for the Asia-Pacific private equity markets this year.

Private equity managers expect longer holds for some of their portfolio companies as investors run the rule across portfolio valuations.

Advent International, Thoma Bravo and KKR led the pack of 2022’s biggest capital raisers.

The past year brought existential debate, some helpful regulation, and productive collaboration on climate and data matters, but a lack of urgency is still an issue.

Only 27% of LPs plan to increase their allocations to private equity over the next 12 months, down from 42% six months ago, according to Coller Capital’s latest barometer.