UOB’s PE arm raises $300m for fourth Asean-China investment fund

People sit outside a United Overseas Bank Ltd. (UOB) branch in Singapore, on Monday, Feb. 12, 2018. Photographer: Ore Huiying/Bloomberg

Singapore-based banker UOB-backed private equity arm UOB Venture Management has mopped up about $300 million for its Asean China Investment Fund IV (ACIF IV) , a vehicle that will invest in businesses in Southeast Asia and China, this portal has learnt.

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