2024 Asia Pacific Private Equity Almanac
Comprehensive picture of Private Equity activity across Asia Pacific in 2023 and 2024 outlook
Private Equity (PE) plays a pivotal role in the health and growth of economies around the world, and nowhere more so than in Asia Pacific. The first Deloitte Asia Pacific Private Equity Almanac provides a detailed and comprehensive picture of PE activity across Asia Pacific in 2023, an analysis of the overarching themes that emerged, and an exploration of some of the likely trends and influences that will drive activity in 2024.
2023: The Year Asia Pacific Private Equity Grew Up
Investors may have hoped for 2023 to represent a long-awaited return to normal following years of COVID-19 disruptions; however, that failed to materialise. In fact, slowing growth, more costly debt, and fundraising difficulty have led many to label 2023 as the end of an era for PE in Asia Pacific.
But in hindsight, 2023 could be viewed as the year Asia Pacific PE grew up. All but the most seasoned professionals may now be in unfamiliar territory, dealing with conditions they have not encountered before, but in many ways the Asia Pacific market is beginning to look more like its mature western counterparts. PE and buyout transactions are becoming much more widely accepted in markets where previously they were not – Japan and India – while China's slower growth is driving a focus on target-screening criteria, strong business plans and operational improvements that are, ultimately, far more sustainable than top-line growth and speed to market.
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