Even as Western economies have slowed in recent years, Asia has remained the world's growth engine. Yet, the new era of higher interest rates and volatility has created challenges not unnoticed by investors in Asia. These tighter global economic conditions are prompting many institutional investors to reassess their priorities and realign their portfolios to focus on short-term returns. What is the outlook for alternative investments in Asia as macro-economic conditions remain tight, and how can managers continue to extract value during down cycles? How are they adapting their business models to align with cleaner energies and technologies, equitable health care access, and positive social impact?