Japan’s PE market is a rare bright spot in 2024

The country was consistently singled out at PEI Group’s NEXUS event as one of the most exciting places to invest in this year.

By Alex Lynn

Few overseas investors would admit to feeling overly enthusiastic about Asia-Pacific private equity markets this year. Japan, however, is proving to be an exception.

At PEI Group’s NEXUS event last week, Japan was repeatedly singled out as one of the most exciting places in which to invest in 2024. KKR co-chief Scott Nuttall told attendees the country is “the most interesting” market today for traditional buyouts. Blackstone president Jon Gray similarly noted that the firm had enjoyed “a lot of success” buying Japanese companies at reasonable prices and repositioning them.

At least two major institutional investors who spoke at the event under the Chatham House Rule expressed great enthusiasm for Japanese opportunities in the near term.

The factors driving Japan’s appeal are manifold...

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