Australian venture capital fund Sapien Ventures to channel China's millions

Jonathan ShapiroSenior reporter

Updated Jul 15, 2015 – 5.21pm, first published at Jul 13, 2015 – 3.20pm

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A new Australian venture capital fund has been created to capture the estimated $400 million of Chinese visa money that has been designated to back technology start-ups.

The fund, Sapien Ventures, founded by Victor Jiang, is seeking to raise $50 million from predominantly Chinese investors that must invest one-tenth of the $5 million required to obtain a significant investor visa to live in Australia.

Jonathan Shapiro writes about banking and finance, specialising in hedge funds, corporate debt, private equity and investment banking. He is based in Sydney.