[Updated] PE arm of SG's UOB bank raises $35.5m for latest fund from US investors

Singapore Dollars | Photo: Reuters

Editor’s note: This story has been updated to reflect the fact that $35.5 million is the amount UOB Venture Management’s latest fund has raised from US investors alone.

UOB Venture Management, the private equity arm of Singapore-based bank UOB, has secured the first close of its latest vehicle that will invest in businesses in Southeast Asia and China.

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