APAC Q3 2025: Preqin Quarterly Update

Investor caution continues to weigh on private equity and venture capital fundraising, but deals and exit activity show signs of resilience and improving liquidity conditions  

• Japan’s accommodative economic landscape continues to play a major role in keeping it an attractive private equity hub in APAC across both deals and exits 

• VC exits showed signs of improvement in Greater China, potentially driving more liquidity to the market 

• Currency exchange weighs on real estate deals but resurgence in South Korea’s industrial sector is a bright spot