Rise of mega funds set to change Asia’s private equity landscape

Shanghai skyscrapers are visible from an office estate in the city | Photo: Bloomberg

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.

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