IRG and Oria Capital launch TMT fund

Duo to focus on Korea, China and Japan.

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...

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