In the face of macroeconomic headwinds, the 2023 to 2024 vintage is expected to reveal some pricing dislocation at the asset level, with some attractively priced private equity (PE) and venture capital (VC) deals already being clocked across Asia.
“There tends to be an inverse correlation between dry powder availability to capture these [investment] opportunities and the wider fundraising cycle. Ironically, the best buyer’s market is often the toughest one from a fundraising perspective,” Ricardo Felix, partner and head of Asia-Pacific at Asante Capital, told DealStreetAsia in an interview.