Asia private markets have been transformed over the past three decades, but the lessons of successive cycles are becoming particularly relevant again. As global LPs reassess allocations, the region is no longer a single investment proposition: India and Japan are generating greater liquidity and institutional depth, China is being recalibrated, Southeast Asia continues to wrestle with exits, and manager selection is becoming increasingly unforgiving.
Drawing on a career spanning almost three decades across Asian private markets, HarbourVest’s Hemal Mirani will examine what long-term LPs have learned about backing Asia through cycles, how expectations around managers, fund sizes, exits, DPI and liquidity have changed, and what now separates genuine conviction from simply maintaining exposure. The conversation will look ahead to where institutional capital is most likely to move next, what GPs will need to prove to win it, and how Asia competes for increasingly selective global private-market allocations.
