Hong Kong based investment banking firm IRG and Oria Capital have announced plans to raise $100 million during the first quarter of 2006 for their new ShinAsia Fund. The fund will focus on the Asian TMT sector, spotlighting established telecom and internet businesses. It targets a minimum return of 20%-25% annually and has a minimum investment of $5 million.
Matt Burlage, CEO of IRG, commented that this is the first time IRG will introduce third party capital to its clients, and the fundáplans to raise capitaláfromáoutside Asia via high net worth contacts in Silicon Valley and Europe. He added that 50%-75% of the fund will take the form of...
