Why an active approach to APAC could pay dividends; Black Rock finds three billion reasons to like Lat Am LPs; a ranking of the world's 75-largest impact managers. Fresh insights APAC: worth a second(ary) chance?

Asia-Pacific private markets have undergone a degree of introspection over the past half a decade. Once a growth and venture powerhouse, macroeconomic and geopolitical shifts have prompted a rethink among both LPs and their managers.

Where China was once – for some, at least – the be-all and end-all, markets like Japan and India have benefited from shifting appetites and emerging opportunities. The region's evolution reflects broader realignments in global private capital, as investors reassess risk and return profiles across diverse Asian economies.

Secondary markets are gaining attention as a potential avenue for liquidity and portfolio optimization. Meanwhile, Latin American limited partners are attracting significant interest from major global asset managers, signaling a broadening of capital flows beyond traditional hubs. Impact investing continues to scale, with the largest managers now overseeing substantial assets dedicated to measurable social and environmental outcomes alongside financial returns.