Research & Insights — Lazard CL, Asia-Pacific

Campbell Lutyens Asia-Pacific Private Markets Report 2026

October 12, 2026

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Written by

Headshot of Suvir Varma

Suvir Varma

Chairman, APAC

Singapore

James Shipperlee

Partner

Singapore

Aiva Sperberga

Partner

Singapore

With 2026 expected to deliver the region’s first year-on-year increase in private capital fundraising since 2021, the breadth and evenness of that recovery remains to be seen in 2027. The paper explores this trend, alongside the evolution of liquidity in APAC as GP-led activity has accelerated throughout the year, and the meaningful growth of GP stakes transactions in the region. The report draws on a proprietary survey of 181 LPs globally, together representing vast pools of international capital, as well as insights based on Campbell Lutyens’ proprietary market data.


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