UOB Venture Management, the private equity arm of Singapore-based bank UOB, has made another close of its latest vehicle that will invest in businesses in Southeast Asia and China, its filing with the US Securities and Exchange Commission showed.
The PE firm said it raised $39 million so far for Asean China Investment Fund (US) V LP from at least six US investors. The company earlier clarified that the amount does not include capital raised from non-US investors.