Asia‑Pacific private capital investors are scaling back direct China exposure and turning to India and Japan as liquidity pressures drive focus towards managers with dependable, cycle‑resistant returns.
Asset allocators are finding ways to sustain deployment pace amid strong pockets of activity in Asia, rising selectivity and an intensified focus on liquidity, exits and operational resilience.
Private capital investors are responding to macroeconomic shocks with strategic reallocations—shifting away from traditional buyouts and favoring secondaries, infrastructure and growth-focused strategies.
Private equity secondaries are fast emerging as a critical tool for institutional investors looking to manage risk and navigate a slow-moving exit environment.
Despite challenging market conditions, industry leaders see selective opportunities emerging as the landscape shifts between cyclical and structural changes.
Asset owners are carefully balancing the need for distributions with their pursuit of optimal returns, with strategic exits at lower multiples emerging as a practical path, industry leaders say.
Private equity eyes recovery in 2025, driven by expected rate cuts and renewed risk appetite. Firms are focusing on smaller buyouts, secondaries, and dual-track IPOs as key exit routes.