At the recent Walkers Fundamentals Seminar 2019, global managing partner Ingrid Pierce and partner Denise Wong discussed the current private equity and hedge fund landscape, including broad trends in fund formation and key terms, as well as local trends and terms in Asia. This article covers the key takeaways from that presentation. See our coverage of the 2018 Walkers Fundamentals seminar: “Fund Launches, Asset Flows, Strategies, Durations, Fees, Governance and Hot Topics” (Dec. 20, 2018); and “Suspensions, Liquidations and Restructurings” (Jan. 17, 2019).