Preqin 2022: Alternatives in Asia-Pacific

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As global investors seek investment opportunities outside North America and Europe, they are turning their attention to the APAC region, which has thus far avoided the worst of the inflationary impacts seen elsewhere. We forecast that private capital assets under management (AUM) in APAC, excluding RMB-denominated funds, will represent 12.7% of the global market at the end of 2022, reaching $2.25tn by 2026, at a CAGR of 15.0%. Private equity and venture capital accounted for 73.6% of the total APAC private capital market in 2021, and we expect it to reach 83.0% in 2026.

APAC private capital markets go from strength to strength, as investors align themselves with the priorities of increasingly affluent and tech-savvy middle classes, as well as the potential to diversify investment exposure in a global market. Headwinds loom, however, in the form of rising geopolitical tensions, as well as rising inflation and interest rates in the US and Europe.

Preqin 2022: Alternatives in Asia-Pacific for our expert analysis of the trends in the alternatives market in the APAC region. The report also features exclusive commentary from industry experts across the region, who share their expertise on developments including decarbonization, digitalization and the growth of smart technologies as they affect the Asia-Pacific market.

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' + decodeURI('%3Csvg xmlns="http://www.w3.org/2000/svg" width="20" height="20" fill="none" viewBox="0 0 20 20" class="search-icon">
')); // A11y: Live region to announce result count / status to screen readers (WCAG 4.1.3) $inputField.closest('.formField-inputWrapper--companyName').after( '
' ); // Find the container (assuming it's the direct parent with the class) const $container = $inputField.closest('#formField--companyName'); // Demo display element const $idDisplaySpan = $('#selected-id-display span'); let $resultsContainer = null; let $resultsList = null; let valueWasSelected = false; // Flag to track if the current value is from selection let responseData = null; // Store the response data // --- Helper Functions --- function ensureResultsListExists() { if(!$resultsContainer || $resultsContainer.length === 0) { $resultsContainer = $container.find('.autocomplete-results'); if($resultsContainer.length === 0) { $resultsContainer = $('
').addClass('autocomplete-results').hide(); // A11y: Create
    with listbox role so screen readers treat items as selectable options $resultsList = $('
      ').attr({ 'id': 'company-autocomplete-listbox', 'role': 'listbox', 'aria-label': 'Company suggestions' }); $resultsContainer.append($resultsList); $container.append($resultsContainer); } else { $resultsList = $resultsContainer.find('ul'); if($resultsList.length === 0) { // A11y: Create
        with listbox role so screen readers treat items as selectable options $resultsList = $('
          ').attr({ 'id': 'company-autocomplete-listbox', 'role': 'listbox', 'aria-label': 'Company suggestions' }); $resultsContainer.append($resultsList); } } } $resultsList.empty(); return $resultsList; } function hideResults() { if($resultsContainer && $resultsContainer.length) { $resultsContainer.hide(); if($resultsList) { $resultsList.empty(); } } // A11y: Collapse combobox and clear active descendant when results are hidden $inputField.attr('aria-expanded', 'false'); $inputField.removeAttr('aria-activedescendant'); if(currentRequest) { currentRequest.abort(); currentRequest = null; } } // Function to clear the stored ID function clearSelectedId() { $hiddenFirmIdInput.val(''); valueWasSelected = false; $idDisplaySpan?.text('(None)'); // Update demo display // console.log("Hidden ID cleared"); } // Function to handle selection (from click or Enter key) function handleSelection($selectedItem) { if(!$selectedItem || $selectedItem.length === 0 || $selectedItem.hasClass('autocomplete-message')) { return; // Do nothing if no valid item or it's a message } const selectedText = $selectedItem.text(); const selectedId = $selectedItem.data('company-id'); // Retrieve stored ID if(selectedId) { $inputField.val(selectedText); // Update visible input $hiddenFirmIdInput.val(selectedId); // Update hidden input valueWasSelected = true; // Mark that selection occurred $idDisplaySpan?.text(selectedId); // Update demo display // console.log("Selected:", selectedText, "ID:", selectedId); hideResults(); $inputField.trigger('change'); // Optional: Trigger change event for other listeners } else { console.warn('Selected item missing company ID data:', $selectedItem); hideResults(); // Hide results even if ID is missing } } // --- Event Handlers --- $inputField.on('input', function() { const currentInputValue = $(this).val(); const searchTerm = currentInputValue.trim(); // CRITICAL: If the user types anything, clear the previously selected ID // Only clear if the flag 'valueWasSelected' is true, meaning the last change // wasn't already a manual input modification. if(valueWasSelected) { clearSelectedId(); } // We always set valueWasSelected to false here, because *any* input // event means the current value is potentially manual, until a selection happens again. valueWasSelected = false; clearTimeout(debounceTimer); if(currentRequest) { currentRequest.abort(); currentRequest = null; } if(searchTerm.length === 0) { hideResults(); clearSelectedId(); // Also clear ID if input is emptied return; } debounceTimer = setTimeout(() => { const $currentResultsList = ensureResultsListExists(); $currentResultsList.html('
        • Searching...
          • '); $resultsContainer.show(); currentRequest = $.ajax({ url: `${apiUrl}?size=10&term=${encodeURIComponent(searchTerm)}`, method: 'GET', dataType: 'json', success: function(responsePayload) { $currentResultsList.empty(); responseData = []; let hasResults = false; if(responsePayload && Array.isArray(responsePayload) && responsePayload.length > 0) { responseData = responsePayload; $.each(responsePayload, function(index, item) { if(item && item.name && item.id) { // Ensure name and ID exist // A11y: Each suggestion is an option with a unique id for aria-activedescendant $('
        • ') .text(item.name) .attr({ 'role': 'option', 'id': 'company-option-' + index, 'aria-selected': 'false' }) .data('company-id', item.id) // Store ID using jQuery's data() .appendTo($currentResultsList); hasResults = true; } }); } if(hasResults) { $resultsContainer.show(); // A11y: Expand combobox and announce result count to screen readers $inputField.attr('aria-expanded', 'true'); var count = $currentResultsList.find('li[role="option"]').length; $('#company-autocomplete-status').text(count + ' suggestion' + (count !== 1 ? 's' : '') + ' available. Use up and down arrows to browse.'); } else { $currentResultsList.html('
        • No matching companies found.
          • '); $resultsContainer.show(); // A11y: Announce no results to screen readers $inputField.attr('aria-expanded', 'false'); $('#company-autocomplete-status').text('No matching companies found.'); } currentRequest = null; }, error: function(jqXHR, textStatus) { if(textStatus !== 'abort') { console.error('Autocomplete API Error:', textStatus, jqXHR); ensureResultsListExists().html('
        • Error fetching results.
          • '); $resultsContainer.show(); // A11y: Announce error to screen readers $inputField.attr('aria-expanded', 'false'); $('#company-autocomplete-status').text('Error fetching company suggestions.'); } currentRequest = null; } }); }, debounceDelay); }); // Handle click on a suggestion item (delegated to container) $container.on('click', '.autocomplete-results li', function(e) { handleSelection($(this)); // Pass the clicked LI to the handler }); // A11y: Sync aria-selected and aria-activedescendant on mouse hover for consistency $container.on('mouseenter', '.autocomplete-results li[role="option"]', function() { var $items = $resultsList.find('li[role="option"]'); $items.removeClass('active').attr('aria-selected', 'false'); $(this).addClass('active').attr('aria-selected', 'true'); $inputField.attr('aria-activedescendant', $(this).attr('id')); }); $container.on('mouseleave', '.autocomplete-results li[role="option"]', function() { $(this).removeClass('active').attr('aria-selected', 'false'); $inputField.removeAttr('aria-activedescendant'); }); // Keyboard navigation and selection/dismissal $inputField.on('keydown', function(e) { if(!$resultsContainer || !$resultsContainer.is(':visible')) { // If results not visible, ESC shouldn't do anything special here return; } const $items = $resultsList.find('li:not(.autocomplete-message)'); if(!$items.length && e.key !== 'Escape') { return; } // No items to navigate (but allow ESC) let $currentActive = $items.filter('.active'); let currentIndex = $items.index($currentActive); switch(e.key) { case 'ArrowDown': e.preventDefault(); currentIndex = ($currentActive.length === 0) ? 0: (currentIndex + 1) % $items.length; $items.removeClass('active').attr('aria-selected', 'false'); $items.eq(currentIndex).addClass('active').attr('aria-selected', 'true'); // A11y: Point aria-activedescendant to the focused option so screen readers announce it $inputField.attr('aria-activedescendant', $items.eq(currentIndex).attr('id')); break; case 'ArrowUp': e.preventDefault(); currentIndex = ($currentActive.length === 0) ? $items.length - 1: (currentIndex - 1 + $items.length) % $items.length; $items.removeClass('active').attr('aria-selected', 'false'); $items.eq(currentIndex).addClass('active').attr('aria-selected', 'true'); // A11y: Point aria-activedescendant to the focused option so screen readers announce it $inputField.attr('aria-activedescendant', $items.eq(currentIndex).attr('id')); break; case 'Enter': e.preventDefault(); // IMPORTANT: Prevent form submission if($currentActive.length) { handleSelection($currentActive); // Use the selection handler } else { // Optional: Hide results if Enter is pressed without a selection hideResults(); } break; case 'Escape': // ESC key dismisses e.preventDefault(); hideResults(); break; case 'Tab': // Tab key dismisses hideResults(); break; } }); // Hide results when clicking outside $(document).on('click', function(e) { // Check if the click is outside the input AND outside the results container if(!$inputField.is(e.target) && !$container.is(e.target) && $container.has(e.target).length === 0) { if($resultsContainer && $resultsContainer.is(':visible')) { hideResults(); } } }); // Initial state check (optional) if($hiddenFirmIdInput.val()) { $idDisplaySpan?.text($hiddenFirmIdInput.val()); valueWasSelected = true; // Assume pre-filled value was selected } });