SINGAPORE -- Oversea-Chinese Banking Corp. (OCBC) has attracted 550 million Singapore dollars ($395 million) to its first private equity fund for investments in small and medium Asian enterprises with high growth potential.
Lion-OCBC Capital Asia Fund 1, a closed-end fund, attracted 40% more money than was initially planned through Mezzanine Capital Unit (MCU), the bank's private equity investment unit. The fund has been upsized from the original S$ 400 million.
