APAC Capital Markets Midyear Outlook 2024

Fundraising and dry powder - APAC SIGNIFICANT CAPITAL WAITING TO BE DEPLOYED

FUNDRAISING DOWN, BUT NOT OUT

DRY POWDER MOUNTING

CAPITAL IS SEEKING YIELD

$80 bn

$10 bn $15 bn $20 bn $25 bn $30 bn $35 bn $40 bn $45 bn $50 bn

100 120 140 160 180 200

100%

$70 bn

80%

$60 bn

60%

$50 bn

0 20 40 60 80

$40 bn

40%

$30 bn

20%

$0 bn $5 bn

$20 bn

0%

$10 bn

2012

2018

2016

2014

2010

2022

2002

2020

2008

2006

2004

2000

64% Opportunistic + Debt + Value Add

$0 bn

2024 YTD

Opportunistic

Value Added Debt

Aggregate Capital Raised (USD BN) Average Fundraising (2017 - 2019) Number of Funds (RHS)

2011

2017

2012

2021

2015

2013

2018

2016

2019

2014

2001

2010

2022

2023

2007

2002

2020

2005

2003

2008

2006

2009

2004

2000

Core-Plus Distressed

Core

Fund of Funds

Co-Investment

Secondaries

2024 YTD

13

Source: Preqin (data through Q1 2024); Cushman & Wakefield