UOBAM has been part of the UOB Group for 40 years and reported assets under management of around $32.75bn (S$42bn) as of 31 December 2025.
The funding includes equity commitments from Talcott and Goldman Sachs AWM and its clients, alongside a credit facility.
Under the terms of the agreement, Mapfre will purchase shares from a number of Tuio's existing shareholders before taking part in a capital raise.
The investment was made through TMNF, Kita said on 31 July.
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