Growth in the Asia Pacific’s private capital markets might have slowed over the past years with further downgraded projections for 2024 in areas of deal value, exits and fundraisings. Despite the downtime, investors’ sentiment in the private capital markets in Asia and Southeast Asia is strong, reflecting confidence in the short-term and long-term opportunities that the region offers in this arena.
Private capital market practitioners who spoke at the SuperReturn Asia 2024 conference showed optimism about the potential of investing in the space in Asia and in particular, ASEAN.
Globally, this market has grown a good deal in the past two decades, achieving a 13.1 percent compound annual growth rate (CAGR) by 2023, with growth beginning from 2000. Private asset under management (AUM) recorded $13.1 trillion in 2023, up from $0.7 trillion in 2000. From 2018 to 2023, the market saw a 20 percent per annum growth rate.