UOB sets up private equity fund with Ping An, Chinese partners

Singapore

UOB'S venture management arm in Shanghai has scored an interesting coup, setting up Chongqing's first Sino-Singapore private equity fund that includes Ping An Insurance.

Targeted to raise up to 100 billion yuan (S$20.9 billion) from investors, the fund will be managed by UOB Venture Management (UOBVM) (Shanghai), Chongqing Yufu Asset Management Group; Ping An Insurance; and Tus-Holdings, which manages the