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Fortune
Fortune
Lionel Lim

Southeast Asia gets hit by the dealmaking slump, with a 39% drop in private equity deals in 2023

(Credit: Roslan Rahman—AFP via Getty Images)

Private equity investments are getting scaled back worldwide, as “higher for longer” interest rates and uncertain global growth have dampened investor appetite for risk,

And Southeast Asia, just a few years ago seen as a budding hotspot for the digital economy, is no exception. A new report from Bain and Company shows that private equity deals are down in the region, despite positive growth outlooks and the region possibly benefiting from reshoring trends from global business.

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