UOB’s PE arm raising $500m for Asean China Investment Fund IV

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

Singapore-based UOB Group’s private equity unit is raising $500 million for its fourth vehicle, Asean China Investment Fund IV, a strategy from the local banker that came to life in early 2000’s to invest in small and medium sized companies in Southeast Asia and China.

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