In this report, the Milken Institute seeks to frame heat resilience as both a public necessity and a private investment opportunity, grounded in Asia’s rapidly escalating exposure to extreme heat and growing gaps in adaptation financing that cannot be filled by the public sector alone. By examining emerging financial instruments, innovative market mechanisms, and blended-finance models, the report outlines how heat resilience can be structured, priced, and scaled as an investable asset class. Finally, it identifies the enabling conditions required to mobilize private capital at scale and build a heat-resilient future for Asia.