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Southeast Asia Quarterly Private Equity Update: Q3 2024
The private equity deal volume in Southeast Asia dipped in the third quarter of 2024, but deal value increased by 8% quarter-on-quarter.
In the third quarter of 2024 (Q3 2024), Southeast Asia (SEA) saw a total of 20 deals deploying over US$6b in capital.
The real estate sector accounted for about 40% of private equity (PE) deal value in SEA, primarily driven by Warburg Pincus’ acquisition of a portfolio of business parks and specialist facilities in Singapore for US$1.2b. The SEA region, especially Singapore, continues to attract investor attention in real estate, particularly with the anticipation of lower interest rates. Given Singapore’s higher occupancy rates, stable rents and steady valuations within commercial real estate, a narrowing bid-ask spread could lead to significant transactions potentially revitalizing the market.
Other sectors, specifically health care and infrastructure, constituted about 18% and 16% of the total PE deal value, respectively.
Read past issues of our Quarterly Private Equity Update here.