Japan’s PE market booms with $11.8bn raised in 2023, says Preqin

Private Equity Wire

Japan raised $11.8bn in 2023, a 13.4% increase over 2022 which was primarily driven by several substantial private equity fund closures, according to the Alternatives in APAC 2024 report from private markets data provider Preqin. 

Japan’s favourable interest rates and a weaker yen contributed significantly to this growth, pushing private capital deal values to a five-year high of $34.8bn. This figure not only surpassed the previous peak in 2021 but also positioned Japan nearly on par with China as one of the most active private equity markets in the Asia-Pacific region. 

Preqin analysts also maintain a positive long-term outlook for India’s market, noting that over the past five years, private capital in India has doubled, while the country now boasts the largest single-country AUM in private debt within the APAC region. 

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