It's no secret that raising Asia-Pacific private equity funds has become extremely difficult, with regulatory uncertainty, geopolitical tensions and shifting risk appetites contributing to one of the region's toughest-ever fundraising environments.
According to Private Equity International data, funds in the region raised $49.2 billion last year, down substantially from $77.6 billion in 2022 and less than half the $122.9 billion raised in 2021. Only 187 funds held a final close in 2023 – roughly half the 365 closed in 2022 and less than a third of the 637 closed in 2021.
With LPs more selective than ever in the region, the onus is on GPs to stand out from the crowd. In this episode, PEI Group Hong Kong bureau chief Alex Lynn sits down with three of the region's most senior fundraisers – Monument Group partner Niklas Amundsson, Atlantic-Pacific Capital partner Vincent Ng and Asante Capital's head of Asia Ricardo Felix – to discuss how shifting LP appetites are reshaping these markets.
To read more about what to expect from APAC private equity in 2024, read our story in Private Equity International here.
SPONSORED: Four auto trends ripe for PE investment
In depth with Carlyle and TPG’s diversity and inclusion heads
Why one man left private equity to fight for racial justice
In depth with Hamilton Lane's Mario Giannini
How VCs connect with co-workers and portfolio companies during the pandemic
Evercore's Nigel Dawn on the secondaries opportunities to come
How to value assets during covid-19
Rise of SPACs, demand for long holds and adjusting PE operations in the pandemic
Who will be the winners and losers in mid-market lending?
Why this crisis is different than the last for private credit
Women and secondaries – a match made in heaven?
Is coronavirus a blip on the agriculture forecast sheet?
The big hitters thinking of jumping ship
Three months of lockdown – how are LPs and GPs adapting?
What you need to know about the fundraising pioneers of 2020
How sunny is the outlook for renewables amid covid-19?
Why the future of private real estate is digital
Which private asset classes are experiencing a boom in dealflow?
What midstream risks are you not taking?
LP defaults, force majeure and over-collateralisation amid covid-19
Create your
podcast in
minutes
It is Free
The Commercial Edge: Unleash the Power of People
The emPOWERed Half Hour
Aligned Money Show
Dubai Property Podcast
IBKR Podcasts
The Ramsey Show
The Clark Howard Podcast