Private markets are gaining serious traction in South-east Asia, with Singapore leading the charge as a regional powerhouse. In 2024, the city-state captured nearly half of all private equity deal value and volume in the region — a clear sign of shifting investor appetite. 

As more retail investors eye alternative assets for long-term, diversified growth, the spotlight is now on what makes private markets so compelling — and what hidden risks may lie beneath the surface.

What’s driving this surge in interest across the region? 

How should investors assess opportunities in an asset class known for its complexity and illiquidity? 

On Wealth Tracker, Hongbin Jeong speaks to Lorraine Tan, Director of Equity Research, Asia, Morningstar and Wing Chan, Director of Manager Research, Morningstar, to find out more.