The Asian private equity (PE) landscape is set to undergo a transformation driven by the rise of US-style mega funds and, in 2017, PE funds raised more capital under a buyout thesis than ever before, according to a McKinsey and Co. report.
“Mega funds that previously were close to non-existent in Asia contributed more than $20 billion of the $60 billion private equity funds raised in Asia over 2017. Asian mega funds also made a large contribution to the global total of $174 billion,” McKinsey said in the report.
