China and India have historically been the core markets for private equity deals in Asia but south-east Asia is attracting more attention from some of the world’s biggest private equity firms, according to executives at the AVCJ Private Equity & Venture Forum in Hong Kong in early November.

Warburg Pincus, for one, has begun doing deals in the region in the past two years and is evaluating whether to open an office in Singapore, according to a person familiar with the matter.