Only three SE Asia-focused private equity funds reached a final close in 2025, marking a third consecutive year of decline since the peak in 2022. Mounting macro uncertainty and escalating geopolitical tensions in West Asia are weighing on LP sentiment and slowing down capital formation. First-time fund managers were hit the hardest in 2025, with no debut fund securing a final close. There were no climate or impact funds, either, among the vehicles that closed in the year.
This report has extensive data on:
- Half-yearly and annual PE fundraising trends
- Fundraising by strategy and sector
- Interim fund closes in 2025
- New fund launches
- Insights from fund managers
