(Bloomberg) -- China’s recent crackdowns on overseas listings have thrown a wrench in the works of startups looking to go public, driving them to pursue investors in Asia’s rapidly growing private capital markets. JPMorgan Chase & Co. estimates the fundraising amount in private capital markets for entrepreneurs in Asia surged to over $240 billion last year from about $100 billion in 2017, driven largely by Chinese firms. For years, the private market for stakes in the hottest companies in Silicon Valley has pumped ever-increasing sums into startups, and more recently, investors such as Blackstone Inc. and Temasek Holdings Pte have...