Latest Data & Analysis Report by the Global Private Capital Association.

The Q1 Report features in-depth private capital data and key trends across global markets.

N.B. GPCA represents private capital investors managing >US$2 trillion in assets across the Middle East, Asia, LatAm, Africa, and C&E Europe.

Highlights

• 30% fall in private capital investment value: $33.9 billion (Q1 2025: $48.3 bn) – in GPCA markets
  •          – Chiefly due to less PE & Infrastructure mega-deals closing. Deal volume remained steady
• India & China buck this trend – value up 44% y-o-y in India, and 10% in China
• Second highest quarter on record for Digital Infrastructure build – AI infrastructure, computing power and data storage – $5 billion-  Acceleration continues – now one of private capital’s most durable, defensive themes
• Strongest Venture Capital quarter since Q4 2022 – China the main impetus– Chinese venture deal value more than tripled to $8.9 billion – Heavy deployment in strategic tech (AI, robotics & biotech) tied to self-sufficiency & industrial upgrading
• Central & Eastern Europe: Venture Capital also flourishing – 99% rise year-on-year
• Fintech still remains at the heart of tech investment – 70% of all capital deployed in the Middle East

Interview opportunity / embargo

Would you like an interview – on the data and its leading themes – with GPCA’s Head of Research?

Best,

Victoria

Quotations attributable to Cate Ambrose, CEO of GPCA, on the Q1 report

“A standout metric in Q1 private capital investment was the pop in Venture Capital – recording its strongest quarter for over three years. China was the main impetus with its venture deal value more than tripling to almost USD9 bn – amid heavy deployment into strategic tech such as AI, robotics and biotech.”

“We saw a significant rebound in China with major investments in AI, robotics and biotech, with local managers backed by government guidance funds and some international capital. Geopolitics and trade tensions are keeping US capital on the sidelines, but more and more we see investors showing conviction in the commercial potential of startups in these segments.”

“Digitalization and AI dominated investments across asset classes, from PE and VC to infrastructure and private credit. There is a durable long-run opportunity in markets outside the US, where persistent gaps in digital and energy infrastructure will serve pent-up demand from businesses and consumers for basic services – before you even get to AI anticipation.”