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