A Melbourne fund manager for high net worth Chinese investors has joined a growing throng of private technology investment operators on the Australian funding trail, with its plans for a new $100 million fund-of-funds, taking the amount being sought by firms in the local market well past $1 billion.
Boman Group– which was until recently named BMYG Financial Group – is betting on appetite returning from family offices to support its plans, and hopes to close its new fund by the end of the calendar year.
Eric Gao, founder and CEO of Boman Group, is targeting $100 million for a new fund.
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