After that, AIIF II will make equity investments of about US$1 million to US$15 million into private high-growth companies either in sectors such as agriculture, education, healthcare and logistics, or that focus on improving the accessibility of affordable housing, sanitation, clean water and energy.
AIIF II has a double bottom-line fund mandate to achieve meaningful social impact and financial returns, said UOBVM in a press statement on Friday. Said Mr Seah:"While we seek to achieve quality financial returns for our investors, we also continue to partner them in generating positive social impact by helping the vulnerable segments of the community across South-east Asia and China."
UOBVM's impact funds, AIIF I and AIIF II, invest primarily in small and medium-sized enterprises across the region. These companies use technology to transform traditional business models for the benefit of low-income communities.