Private equity and venture capital fundraising was challenging in Greater China amid persistent lockdowns during 2022, but well-established funds still managed to raise capital. Aggregate capital raised fell to just $36.8bn in 2022, significantly lower than the average $148.9bn raised between 2019 and 2021. Managers continued to deploy capital in China’s policy-aligned sectors, with increased interest in secondary deals over the last two years.

Read our latest Territory Guide on private equity and venture capital in Greater China to discover:

• What was private equity and venture capital fundraising like in China in 2022?
• What’s happening with private equity and venture capital deal activity in China?
• Which sectors are seeing the most private equity and venture capital deals in China?
• What’s the exit environment like in Greater China?
• Is private equity and venture capital in China still investable? Which LP types are still investing in China?
• What are some of China's long-term policies to take into consideration when investing in China's private equity and venture capital industries?

This territory guide is also available in Chinese.