Global private-equity returns saw a resurgence in the second quarter of 2026, with a notable 5.6% increase, driven largely by venture capital’s impressive 12.7% return. According to MSCI, Asia Pacific (APAC) buyout continued its strong performance, surpassing North America and Europe for the second consecutive quarter, although the gap narrowed.
APAC private equity achieved a 3.4% return in Q2, trailing North America’s 6.4%. However, APAC venture capital, with a 6.7% return, outpaced Europe’s 3.4%. Late-stage venture capital was a significant contributor, with global returns at 15.0%, and APAC closely following North America’s 16.0% with 14.6%.
Despite a global buyout downturn in Q1 2026, which saw a -1.1% return due to software asset markdowns, the sector rebounded to 2.5% in Q2. APAC buyout outperformed with a 2.2% return, compared to North America’s 2.1% and Europe’s 1.5%. The previous quarter had shown a wider gap, with APAC at 1.0% against North America’s -1.0% and Europe’s -1.8%.
Within APAC, developed markets like Japan, Australia, and Korea showed robust performance, with Japan leading private equity returns at 8.2% in Q2 and 26.2% over the past year. APAC infrastructure also excelled, delivering a 12.8% return over twelve months, outpacing North America’s 11.7% and Europe’s 1.9%.
These findings highlight the dynamic nature of private capital markets, with APAC continuing to demonstrate resilience and growth potential.
