APAC Private Markets in 2026

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 fundraising fell to a decade low in 2025, but early 2026 shows investors shifting back toward Asia-regional funds amid ongoing uncertainty

• Japan remains a standout in APAC private equity, with strong deal and exit activity, resilient investor demand, and growing relevance as a regional deployment hub

• APAC’s AI venture capital market is expanding along a distinct, more fragmented path than the global market, marked by steady investment levels, smaller deal sizes, and capital concentrated in a few key markets

• APAC real estate investors are increasingly favoring lower-risk, income-focused core and value-added strategies, supported by strong market fundamentals and greater access to stable assets.