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The number of Asia-Pacific portfolio companies held for more than five years rose 18% in 2025, according to Bain & Co’s Asia-Pacific Private Equity Report 2026.
Private equity generated €19.5bn in exit value in 2025, a 77% increase on the prior year, according to the firm's FY 2025 earnings report.
LPs and GPs are increasingly divided on whether certain investment behaviours are truly beneficial to their relationship, writes Jennifer Choi, chief executive of the Institutional Limited Partners Association.
GP-led secondaries would appear to provide an obvious route to liquidity for staking investors but there are some issues to iron out.
GP-led deal volume hit an all-time high in 2025, but record growth doesn’t necessarily equate to LP satisfaction with continuation vehicle processes.
The market’s 'renewed focus' on domestic and regional funds fuelled its recovery amid reduced western investment, says the report.
As the universe of sponsors considering a continuation vehicle transaction expands, so too does the depth of opportunities in the small and mid-cap market, say Pantheon’s Amyn Hassanally and Charlotte Morris.
CVs’ capacity to outperform the broader buyout market means they are still firmly on the table even as other exit routes reopen, say StepStone Group’s Adam Johnston and Ted Black.
In the next cycle, simplicity of mission and focus will be paramount. You need to know who you are and then deliver on that, says Permira co-CEO Dipan Patel.
Even with distributions to LPs remaining slow, it is possible to get large sponsor exits over the line, says Hellman & Friedman CEO Patrick Healy.