Southeast Asia Private Equity Pulse: Q3 2025

Q3 2025 witnessed an year-on-year (yoy) increase in private equity (PE) deal value amid lower volumes. Compared with Q2 2025, both deal value and volumes were lower as well. There was also a modest decline of 19% in average deal value for announced transactions.

There were six exits during the quarter, generating over US$539m in realized proceeds. Distributions to paid-in capital (DPI) is a key focus for limited partners (LPs) and remains challenging in the region. PE-backed IPO market witnessed no activity in the region.

In terms of fundraising, only one Southeast Asia (SEA)-based PE fund was closed during Q3 2025, raising US$500m of capital. As at end of August 2025, at least four PE vehicles with exposure to SEA have reported interim closes.

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