Asia-based LPs brace for headwinds after spectacular year for private equity

Limited partners (LPs) in Asia Pacific can expect strong headwinds in 2022 from geopolitical and economic uncertainties as well as a slowdown in China after a record-breaking year that saw the region's private equity (PE) market close $296 billion of new deals, according to a recent Bain & Company report. The booming Internet and technology sector, primarily in India, South Korea, and Southeast Asia, and the growing interest in ESG (environmental, social, and governance) inves…