Alternatives in APAC 2025

In our annual review of the APAC private capital market, we examine fundraising and deal-making trends as they relate to investors and funds

• APAC private capital has consistently outperformed APAC public markets, highlighting private capital’s value-add for investors in the region

• We expect geopolitical headwinds to impact the region, but maintain a positive outlook on APAC venture capital being driven by opportunities in Asia’s emerging markets

• India, Southeast Asia, and Australia accounted for 85% of infrastructure regional deal volume and 92% of aggregate deal value, with investors drawn to renewable energy and telecommunications

• The office sector led APAC real estate deal activity, accounting for 34% of total deal value in 2024 with Japan and South Korea being the primary contributors