Michel Brekelmans is the founder and managing Director of SCP/Asia, a boutique strategy consulting firm based in Singapore.
Asia's private equity industry is facing unprecedented challenges. The recently released Asia-Pacific Private Equity Report 2024 by Bain & Company paints a grim picture: Deal value plummeted to $147 billion in 2023, marking a 35% decline from the previous five-year average and a staggering 59% drop from the 2021 peak.
