Aura Group, a middle-market investor with about $1.5 billion in assets under management, is eyeing up to $US200 million ($305 million) for its latest private equity investment vehicle and is targeting ultra-wealthy investors including family offices and endowment funds.
Calvin Ng, co-founder of Aura Group, launched its “Back to the Future” fund as private market valuations have fallen 20-30 per cent.
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Aaron Weinman was a correspondent at The Australian Financial Review.
