Experts at management consultancy Bain & Company and the Singapore Venture Capital and Private Equity Association (SVCA), which jointly released the report, said this year is likely to be another good one for the industry. "We're not yet at the peak levels we saw just before or around the global financial crisis, but (deal flow) is coming back," said Mr Suvir Varma, who leads Bain's private equity practice in Asia-Pacific. "Private equity markets in South-east Asia are steadily improving, due to a larger pool of targets and more robust general partner networks," said Mr Sebastien Lamy, who leads Bain's private equity practice in South-east Asia.