Private Equity in SE Asia: Fundraising Landscape 2022

High inflation, global liquidity tightening and rising geopolitical risks have contributed to the slowdown in the overall fundraising performance of private equity firms globally this year. Despite its relative economic resilience, Southeast Asia is not immune to this uncertainty. Only two Southeast Asia-focused PE funds managed to reach a final close this year — a significant departure from a record-breaking year in 2021. Albeit more encouraging, the number of funds reporting interim closes also looks fairly weak. With three more months before the end of the year, 2022 is likely to go down as the weakest of the last five years.