The Asia-Pacific private equity markets are facing challenges, particularly due to reduced activity in China. However, there are optimistic signs for regions like India and Southeast Asia, which are attracting international capital seeking growth opportunities. India, with nearly 8% GDP growth, is compared to China two decades ago, driving larger fundraises. Southeast Asia is also seeing potential, despite facing difficulties in fundraising and exits. Additionally, East Asia is becoming increasingly appealing, with many private equity firms establishing offices there. The maturation of these markets is generating a need for liquidity, with India leading in secondaries activity.