Asia-Pacific venture capital delivered the region's strongest private-market performance in 2025, although investors remain cautious about increasing allocations amid ongoing geopolitical uncertainty. Reports from MSCI and Coller Capital showed global venture capital generated returns of 22%, ahead of private equity's 13.3%, while Asia-Pacific venture capital produced regional returns of 15.3%. Globally, venture capital achieved a 19% internal rate of return, helped by its st