Positive outlook for ASPAC private equity as funding remains resilient
As the private equity market continues to show strong resilience globally, the ASPAC region is sharpening its focus on value creation with AI expected to be a key driver.

A turnaround and restructuring specialist, Ryan provides strategic advice to businesses in stressed and distressed situations and works with a range of stakeholders including directors, financiers and investors to achieve sustainable outcomes.
In his capacity as a registered liquidator, Ryan is regularly appointed as liquidator, administrator or receiver and manager to distressed entities.
As the head of KPMG’s Asia Pacific Private Credit practice, Ryan connects clients to KPMG’s fund structuring, deal sourcing and fund performance services to assist with client growth. He works closely with his team to provide a wide variety of advisory services across the private credit sector including:
As the private equity market continues to show strong resilience globally, the ASPAC region is sharpening its focus on value creation with AI expected to be a key driver.
KPMG Turnaround & Restructuring Partner Ryan Eagle outlines how KPMG’s globally connected private credit team supports clients from formation through to lending, monitoring and restructuring, helping deliver the right structures for sustainable growth.
ASIC’s message to participants in the private credit sector is challenge assumptions, refresh valuations, and lift practices in line with ASIC’s ten principles.
KPMG Turnaround & Restructuring Partner Ryan Eagle highlights how private credit is delivering successful restructuring and turnaround outcomes across mining, retail, real estate and agriculture, backed by flexible capital and hands-on involvement.
KPMG Turnaround & Restructuring Partner Ryan Eagle explains how rapid expansion in private credit is opening opportunities across industries while placing greater emphasis on risk management, regulatory scrutiny and best‑in‑class processes.
Being a diverse region with various legal systems and market norms, outcomes in ASPAC’s private credit market depend on control, timing and where the value sits as highlighted by Peter Gotherd, Michelle Low, and Lauren Pickard.
ASPAC’s mix of mature stable markets and fast-growing emerging economies gives investors a wide range of opportunities to calibrate their strategies.
Though deal volumes are at a five-year low in 2025, global private equity grew 17 percent, while ASPAC remained relatively steady as investor are waiting out the geopolitical uncertainty.
With the size, growth, and importance of private credit in the global financial system, regulatory authorities are seeking to better understanding the dynamics of the private market ecosystem and its effects on the financial system.
ASIC’s November 2025 report on private credit funds is a positive milestone for the industry, offering clear direction and practical recommendations to support growth, transparency, and investor confidence.
Private Equity firms entered 2025 cashed-up and ready to get back into deal-making, with several transactions completing within Q1. The momentum, however, looks to be stalling and pipelines are appearing dryer than originally hoped. KPMG’s latest insights highlight what type of trends and concerns are top of mind for the year ahead.
The expanding provision of private credit in the Australian economy has followed a familiar trajectory to that taken in the US and other mature economies over the past decade. Is this trend now destined to be repeated elsewhere in the Asia Pacific region?