Tokyo | Boman Group, a Melbourne-based fund manager for Chinese money, is set to close the first part of a new fund targeting $1 billion to back Australian start-ups that could expand into China.
The firm has spent two years securing licences to operate in China. It plans to establish offices in Tianjin, near Beijing, followed by potential expansion to locations near Shanghai and in southern China.
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Jessica Sier is the North Asia Correspondent for The Australian Financial Review. She is based in Tokyo, Japan. Jessica has previously written on technology, global capital markets and economics. Connect with Jessica on Twitter. Email Jessica at jessica.sier@afr.com
