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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'); // Wrap in a container $inputField.after('' + decodeURI('%3Csvg xmlns="http://www.w3.org/2000/svg" width="20" height="20" fill="none" viewBox="0 0 20 20" class="search-icon">')) // 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(); $resultsList = $('
    '); $resultsContainer.append($resultsList); $container.append($resultsContainer); } else { $resultsList = $resultsContainer.find('ul'); if($resultsList.length === 0) { $resultsList = $('
      '); $resultsContainer.append($resultsList); } } } $resultsList.empty(); return $resultsList; } function hideResults() { if($resultsContainer && $resultsContainer.length) { $resultsContainer.hide(); if($resultsList) { $resultsList.empty(); } } if(currentRequest) { currentRequest.abort(); currentRequest = null; } } // Function to clear the stored ID function clearSelectedId() { $hiddenFirmIdInput.val(''); valueWasSelected = false; $idDisplaySpan?.text('(None)'); // Update demo display // Clear company type field when ID is cleared $companyTypeField.val(''); // console.log("Hidden ID cleared"); } // Function to perform quick search API request function performQuickSearch(searchTerm, options = {}) { const { autoSelectFirst = false } = options; // Clear any existing timer and request clearTimeout(debounceTimer); if(currentRequest) { currentRequest.abort(); currentRequest = null; } 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) { $('
    • ') .text(item.name) .data('company-id', item.id) .data('company-data', item) .appendTo($currentResultsList); hasResults = true; } }); } if(hasResults) { $resultsContainer.show(); // Automatically select the first item if requested if (autoSelectFirst) { const $items = $resultsList.find('li:not(.autocomplete-message)'); if ($items.length > 0) { $items.first().addClass('active'); } } } else { $currentResultsList.html('
    • No matching companies found.
      • '); $resultsContainer.show(); } currentRequest = null; }, error: function(jqXHR, textStatus) { if(textStatus !== 'abort') { console.error('Autocomplete API Error:', textStatus, jqXHR); ensureResultsListExists().html('
    • Error fetching results.
      • '); $resultsContainer.show(); } currentRequest = null; } }); } // Function to match company type from API to dropdown option function setCompanyTypeFromAPI(apiCompanyType) { if (!apiCompanyType || !$companyTypeField.length) { return; } // First try exact match (most API types match dropdown options exactly) let matchedOption = $companyTypeField.find('option').filter(function() { return $(this).text().trim() === apiCompanyType; }); // If no exact match, check for specific mappings for the differences if (matchedOption.length === 0) { const specificMappings = { 'Non-sponsor backed': 'Other', // API type not in dropdown 'Professional Services': 'Other', // API type not in dropdown 'Infrastructure - Other': 'Infrastructure - Other', // Check if this exact match works 'Natural Resources - Other': 'Natural Resources - Other', // Check if this exact match works 'Real Estate - Other': 'Real Estate - Other' // Check if this exact match works }; if (specificMappings[apiCompanyType]) { const mappedType = specificMappings[apiCompanyType]; matchedOption = $companyTypeField.find('option').filter(function() { return $(this).text().trim() === mappedType; }); } } // Set the matched option or clear if no match found if (matchedOption.length > 0) { $companyTypeField.val(matchedOption.first().val()); } else { $companyTypeField.val(''); console.log(`No matching dropdown option found for API company type: "${apiCompanyType}"`); } } // 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 const selectedCompanyData = $selectedItem.data('company-data'); // Retrieve complete company data if(selectedId) { $inputField.val(selectedText); // Update visible input $hiddenFirmIdInput.val(selectedId); // Update hidden input // Update company type field if type exists in company data if(selectedCompanyData && selectedCompanyData.typeRaw) { setCompanyTypeFromAPI(selectedCompanyData.typeRaw); } else { $companyTypeField.val(''); // Clear if no type available } 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(() => { performQuickSearch(searchTerm); }, 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 }); // Keyboard navigation and selection/dismissal $inputField.on('keydown', function(e) { // Handle arrow-down when results are not visible - trigger search if (e.key === 'ArrowDown' && (!$resultsContainer || !$resultsContainer.is(':visible'))) { e.preventDefault(); const searchTerm = $(this).val().trim(); // If there's text in the input, trigger a search if (searchTerm.length > 0) { performQuickSearch(searchTerm, { autoSelectFirst: true }); } return; } // Handle TAB key when results are not visible - allow normal focus movement if (e.key === 'Tab' && (!$resultsContainer || !$resultsContainer.is(':visible'))) { // Don't prevent default - allow normal tab navigation to next field return; } if(!$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'); $items.eq(currentIndex).addClass('active'); break; case 'ArrowUp': e.preventDefault(); currentIndex = ($currentActive.length === 0) ? $items.length - 1: (currentIndex - 1 + $items.length) % $items.length; $items.removeClass('active'); $items.eq(currentIndex).addClass('active'); break; case 'Enter': e.preventDefault(); // IMPORTANT: Prevent form submission if($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 and allows normal focus movement hideResults(); // Don't prevent default - allow normal tab navigation to next field 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 } });