Asia-Pacific's private market AUM will grow from $1.62tn in 2019 to $4.97tn in 2025, at a world-beating CAGR of 25.2%, forecasts Preqin. This is faster than any other region and more than twice the forecasted growth rate of 9.8% for global private markets.

Historically, private equity and venture capital have been the biggest drivers of deal activity in Asia-Paci