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What's New In Investments, Funds? - UOB, Barings
Editorial Staff
13 June 2019
UOB Venture Management Pte, a wholly owned subsidiary of Singapore-based , is launching its second impact fund – focused on Asia - in the second half of 2019. Barings
The private equity fund is the second series of UOBVM’s Asia Impact Investment Fund (AIIF II). To be made available to global institutional and accredited investors, the AIIF II aims to achieve impact and financial returns. It will continue the strategy of the AIIF’s first series to invest in the region’s education, healthcare and agriculture sectors.
The fund will also seek investments in the areas of financial inclusion, affordable housing, clean energy, water and sanitation. It will take minority stakes in the investee companies, making equity investments of about $1 million to $15 million in each.
As at 31 May 2019, UOBVM has more than S$1.7 billion ($1.25 billion) in committed capital.
has raised a total of $943 million in commitments from new and existing investors, such as family offices and endowments, for its Barings Asset-Based Income Fund.
The organisation has held a final closing of BABIF. Commitments have come from Asia-Pacific, Europe and the US, Barings said in a statement yesterday.
BABIF is Barings’ first commingled fund that will invest directly in real assets and asset-based businesses designed to generate income and opportunities for capital appreciation. BABIF has already deployed capital in several of its target markets, including aviation leasing, media and entertainment, pharmaceuticals, and financial services.
“With BABIF, we’re able to offer clients access to a differentiated opportunity set while drawing upon our deep industry contacts to deploy capital. We recognise the challenges our limited partners face in putting money to work and BABIF is on track with its plan for capital deployment,” Jon Rotolo, head of Barings’ private equity/real assets team, said.
The firm’s private equity/real assets team targets direct, control investments in asset-based businesses across infrastructure, intangible assets and natural resources. Since 2005, the team has deployed $3.8 billion of capital into more than 60 investments globally.