Outlook 2022 — Flying at a lower altitude

by Cambridge Associates

The complete report, which was published in December 2021, is available at

https://www.cambridgeassociates.com/insight/outlook-2022-flying-at-a-lower-altitude/

Excerpt:

Investors with mature private investment programs tend to have private exposure to major developed markets, such as the United States and Europe. While many of these investors have added Chinese exposure to their private programs over the last decade, interest has recently increased in less-trafficked Asian markets and more specialized European strategies. We expect this interest will continue to expand next year.

In Asia, China has overshadowed the rest of the continent in terms of private capital raised for some time. In fact, between 2015 and 2021, investors committed 1.2 times as much capital to China private equity and venture capital as they did to the rest of Asia combined. But with Ch