Education has emerged as the latest hot sector for private equity in Asia on the back of opportunities created by rising incomes and regulatory change.

“Education is a sector at the lower end of the risk spectrum. If a business is operated professionally, then you’ll see the result. The key consideration for parents is the track record of the schools. For example, for after-school education, parents will look at what kind of results the services provider can deliver in terms of improving their children’s academic grades,” says Kiki Yang, a partner with Bain & Company.