Liquidity events increased meaningfully in 2025, underpinned by a rebound in PE-backed IPOs and a growing number of secondary transactions, which remained the dominant source of liquidity for private equity exits. A total of 35 secondary exits were completed during the year, marking the highest annual count since 2020. In contrast to an improving exit environment, private equity deployment through acquisitions in Southeast Asia remained relatively steady, as buyers continued to engage in a mix of buyout and minority transactions amid tighter financing conditions.
This report has extensive data on:
- PE-backed IPOs in SE Asia (2020–2025): Annual count, proceeds, and country-wise breakdown.
- Exit activity by channel: Volume and disclosed value of exits by IPOs, secondary deals, strategic sales etc.
- PE acquisition trends: Number, value, and sector distribution of acquisitions by PE firms.
- Insights from industry insiders
