OCBC aiming for encore performance by gem of a PE fund
S$550-million Lion-OCBC Capital Asia Fund I launched in 2015 on track for 20% internal rate of return; bank's eyeing a second larger fund next year
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Singapore
A LITTLE-known, OCBC bank-backed private equity fund is on course to achieve its targeted internal rate of return (IRR) of 20 per cent - and the bank is aiming to start a second fund next year.
The Lion-OCBC Capital Asia Fund I (LOCAF I) is a S$550-million fund launched in 2015. Targeted at high-growth small and medium enterprises in Asia, it has made some 10 investments to-date and is expected to be fully deployed by end of this year.
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