SINGAPORE (June 10): UOB Venture Management (UOBVM) says it intends to roll out its second impact fund, the second series of the Asia Impact Investment Fund (AIIF II), to global institutional and accredited investors in 2H19.
Focused on Asia, the AIIF II will be a double bottom-line fund that aims to achieve both impact and financial returns. It intends to take minority stakes in investee companies, with equity investments ranging from US$1 million to US$15 million ($1.4 million to 20.5 million) each.
Continuing the strategy of the AIIF’s first series (AIIF I) to invest in Asia’s education, healthcare and agriculture sectors, the second series of the fund will also seek investments in the areas of financial inclusion, affordable housing, clean energy, water and sanitation.
