APAC private credit fundraising is expected to slow during the next 12 to 18 months as higher interest rates, geopolitical uncertainty and macroeconomic pressures reduce investor appetite for illiquid assets, according to Moody's Ratings. Despite the softer outlook, the agency believes long-term demand for private credit across Asia-Pacific will remain supported by economic growth and structural financing needs. Moody's said increased redemption requests affecting global priv

Ares Management is seeking commitments for a new Asia private credit fund as global alternative asset managers compete to capture expanding lending opportunities across the region. The proposed Asia private credit vehicle, Asia Direct Lending II, is expected to finance leveraged buyout transactions throughout Asia-Pacific and could exceed the USD1.7bn raised by its predecessor. People familiar with the fundraising said details remain under discussion and Ares declined to comm

Japan's private equity market maintained strong momentum during 2025, with deal value reaching JPY4.8tr (USD29.8bn), marking the fifth consecutive year above JPY3tr, according to Bain & Company's Japan Private Equity Report 2026. The Japan private equity market continues to benefit from governance reforms, larger buyout transactions and improving operational performance. Exit value reached a record JPY2.4tr as sponsors disposed of older investments, while transactions exceedi

Fundraising has overtaken exits as the biggest challenge confronting Asia-Pacific private equity and venture capital firms, according to new research by DealStreetAsia and Vistra Fund Solutions. The APAC private capital survey found investors have become increasingly selective as geopolitical uncertainty and tighter liquidity reshape fundraising conditions. Among 105 senior industry executives surveyed, 57.5% identified fundraising as the principal source of friction, compare

Asian family offices need to engage earlier with private technology opportunities as more value creation occurs before companies reach public markets, according to a new report released by Annum Capital, Deane Consulting and Turoid. The Asian family office technology investing guide argues that category-leading technology firms are remaining private for 10 to 14 years or longer. The report said Asian family office technology investing strategies must evolve because much of th

China has announced tougher supervision of its RMB23tr (USD3.4tr) private investment sector as regulators seek to reduce financial risks and channel more capital towards technology innovation and strategic industries. The China private fund industry reforms were unveiled by the China Securities Regulatory Commission as part of a broader clean-up campaign. The CSRC said it would strengthen registration requirements, crack down on illegal fund activities and encourage more long

Family offices in Australia and Singapore are driving rapid regional expansion for Moonfare, with assets on the private markets platform increasing around 2.5 times during 2025, according to regional head Adam Banks. The Moonfare family office demand trend has helped make Asia Pacific the company’s fastest-growing region globally, while Australia has become its fastest-growing individual market worldwide. The Berlin-based platform gives accredited and institutional investors

China private equity activity is recovering, although investors remain increasingly selective and focused on exit opportunities, industry executives said during DealStreetAsia’s Asia Private Equity Leadership Summit in Hong Kong. The China private equity recovery follows a prolonged market reset triggered by the US-China trade war, the pandemic and domestic policy changes. Gary Chan of Sun Hung Kai & Co said fundraising activity had improved during the past 12 to 18 months, a

Bain Capital has closed its sixth Asia-focused private equity fund at USD10.5bn, exceeding its original USD7bn target, highlighting continuing institutional appetite for large-scale Asia private equity strategies. Bain Capital Asia Fund VI received approximately USD9.1bn from external investors, with the balance committed by the firm’s partners, employees and related entities. The Bain Capital Asia Fund VI vehicle will invest across sectors including technology, industrials,

Malaysia’s Maybank Asset Management has launched a private credit feeder fund with LGT Capital Partners, giving sophisticated and high-net-worth investors in Malaysia access to a diversified global private credit strategy. The Malaysia private credit fund will invest into LGT Global Private Credit SA, SICAV-RAIF and be distributed through Maybank Private Banking and Maybank Wealth Management. Maybank Asset Management said it is the exclusive third-party entity offering the LG

Macau has issued its first fund investment licence under its new Investment Fund Law to HOPU Investments, allowing the Beijing-based alternative investment firm to establish an asset management unit in the city. The Macau fund licence approval comes nearly five months after the law took effect on Jan. 1, introducing a new framework for private funds and structures including collective investment companies and limited partnership funds. Before the legislation, asset management

PitchBook expects global private markets to expand more slowly over the next five years, forecasting assets to grow at a 5.7% compound annual rate from USD20.3tr in 2024 to USD26.7tr by 2030. The private markets growth outlook reflects higher interest rates and weaker distributions reshaping the industry. Secondaries are projected to more than double from USD700bn in 2025 to USD1.5tr in 2030, while funds of funds may shrink to USD600bn from about USD900bn. PitchBook said the

DealStreetAsia said 150 firms have been confirmed to attend its Asia Private Equity Leadership Summit in Hong Kong on May 20, underlining Hong Kong’s role in Asian private capital and family office dealmaking. The summit will bring together senior executives from limited partners, general partners, private credit and secondaries investors, family offices and other industry participants. Confirmed firms include KKR, Bain Capital, Ardian, HarbourVest, Partners Group, StepStone

Malaysia’s Armed Forces Fund Board, or LTAT, is preparing its first move into private credit as it seeks defensive investments with high-single-digit returns. LTAT managed more than MYR13bn (USD3.29bn) at the end of 2025. Chief investment officer Ahmad Farouk said the Malaysia private credit strategy remains at the governance and manager-selection stage, with the pension fund prioritising capital preservation. Farouk said institutional investors should support SMEs that strug

China ASEAN investment platform activity is accelerating as a USD1bn private equity initiative backed by sovereign investors reached a first close of USD520m. The Galaxy Orientis platform, supported by China Investment Corporation, Indonesia Investment Authority and the State Oil Fund of Azerbaijan, targets opportunities across the China–ASEAN corridor. The China ASEAN investment platform will focus on industrials, healthcare, consumer, business services and technology sector

Asia private equity fund activity reached a record as EQT closed its BPEA Private Equity Fund IX at USD15.6bn, marking the largest Asia-Pacific-focused fund raised to date. The oversubscribed Asia private equity fund, with USD14.9bn in fee-generating assets under management, will target control investments across technology, healthcare, industrial technology and services. The close comes despite fundraising for Asian funds hitting a 12-year low in 2025 after four consecutive

AI investments family offices are accelerating across Asia despite concerns over elevated valuations in US markets. Wealthy investors deployed USD24.3bn into private AI deals in 2025, nearly tripling the previous year, with another USD950m committed by early April. The surge in AI investments family offices reflects strong demand for exposure to leading firms such as OpenAI and Anthropic, although access challenges and valuation risks are pushing some investors toward Asian s

Joe Tsai family office investment through Blue Pool Capital has led a Series A funding round in the Asian University Basketball League, as investors bet on the rapid growth of basketball across Asia. The family office-backed investor was joined by Avenue Capital Group, Nan Fung Group, HSG, Bolt Ventures and former Chinese Basketball Association chief Yao Ming, marking his first investment in an emerging sports league. The AUBL said its inaugural tournament in Hangzhou attract

Family offices March dealmaking slowed as ultra-wealthy investors pulled back on direct transactions during a month marked by market volatility linked to the Iran conflict, according to Fintrx data. Family offices made 39 direct investments in companies during March, down 25% from February after adjusting for the difference in month length. Even so, deal sizes increased, with a quarter of those transactions qualifying as mega-rounds of more than USD100m. Bezos Expeditions co-

Family offices Asia recycling fund backing helped Circulate Capital secure a USD220m first close for Circulate Capital Asia II, giving the Singapore-based investment manager more than 70% of its USD300m target for a vehicle focused on scaling circular supply chains and recycling businesses across South and Southeast Asia. Backers include Builders Vision, Stella, Clotho Family Office, Wire Group and Fondation Prince Albert II de Monaco. The first close exceeds Circulate Capita