Melbourne-headquartered asset management firm Boman Group is launching a new $1 billion venture fund as part of its plan to facilitate both investment and business expansion opportunities across China and Australia, according to a company release on Monday.
The venture fund is currently amid its first close, Boman’s CEO Eric Gao, whose firm known for managing assets tied to Chinese wealth, told local news outlet The Australian Financial Review in an interview on Monday. The fund targets to invest in companies based in China and Australia focused on healthcare, technology and renewable energy, per the release.
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