According to CNBC, Asia-Pacific private equity markets have tumbled over the past year as inflation and geopolitical tensions have dampened investor risk appetite. This makes much more bearish view on various broad-industry and industries-specific VC and PE indices.

The Refinitiv Venture Capital Index (TRVCI) is published daily and seeks to replicate the performance of the Refinitiv Venture Capital Benchmark Index through a combination of liquid, publicly listed assets. The Index is calculated from the performance of the individual venture capital sector portfolios. The Refinitiv VC Index is the first index to allow liquid access to the gross performance of the venture capital industry through index-linked investment products. The Refinitiv VC Index.

According to the above-mentioned article, the total value of deals in the Asia-Pacific region will fall by 44% to $198 billion by 2022. That compares with $354 billion in 2021, the analyst said, adding that nearly 70% of fund managers surveyed expect the negative trend to continue until 2024.

Deal values ​​in Greater China fell by 53% as investors grapple with the country's zero-Covid policy, resulting in lower deal values ​​across the region. The combined deal value of large growth deals in China and India fell by $35 billion this year. While internet and technology remained the largest area of ​​investment in the Asia-Pacific region, it also fell from a year earlier, the lowest level since 2017. Within the technology sector, cloud services held the largest deal value, with consumer technology businesses such as e-commerce and online services seeing deal value drop by roughly 70% compared to a year ago. In the energy and natural resources sector, investments in utilities and renewables made up 60% of deal value, reflecting the rise of environmental, social, and corporate governance considerations as an investment priority.