<article><a style="color: #000080;" href="http://www.ocbc.com/" target="_blank">Oversea-Chinese Banking Corp (OCBC)</a>, Singapore&#8217;s second largest bank by assets, and its asset management unit<a href="http://www.lionglobalinvestors.com/" target="_blank"> Lion Global Investors</a>, Thursday announced the final close S$550 million private equity fund.</article>

<a style="color: #000080;" href="http://www.ocbc.com/" target="_blank">Oversea-Chinese Banking Corp (OCBC)</a>, Singapore&#8217;s second largest bank by assets, and its asset management unit<a href="http://www.lionglobalinvestors.com/" target="_blank"> Lion Global Investors</a>, Thursday announced the final close S$550 million private equity fund.
Launched in November 2014 with an initial of S$400 million, the fund’s final close is nearly 40 per cent higher due to investor demand, OCBC and Lion Global said in a joint statement.
The Lion-OCBC Capital Asia Fund I, LP will invest in small and medium companies in Singapore, Malaysia, Indonesia and China, and will focus on sectors such as agriculture, commodities and consumer industries.
Investors in the fund include insurance companies, regional banks, sovereign wealth funds and high net-worth individuals, including customers of OCBC Bank&#8217;s private banking subsidiary, Bank of Singapore, the statement added.
This also marks the first time that OCBC, through its private-equity investment unit Mezzanine Capital Unit (MCU), has launched a private equity fund.
Lion Global Investors has assets under management of S$36 billion.
Said Daniel Kwan, head of OCBC Bank&#8217;s private equity investment unit Mezzanine Capital Unit MCU): &#8220;We introduced this fund to meet growing interest in alternative assets from our market partners and high net worth customers in Bank of Singapore.
&#8220;Investors in the fund were attracted by the superior returns that MCU has consistently delivered for OCBC of more than 20 per cent internal rate of return in the past six years as its private equity unit, as well as by the fund&#8217;s unique positioning as a bank-sponsored investment fund.&#8221;

OCBC Singapore's second largest bank by assets, and its asset management unit Lion Global Investors, Thursday announced the final close S$550m PE fund

OCBC, Lion Global establish S$550m private equity fund

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OCBC, Lion Global establish S$550m private equity fund

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