Boman Group, an asset management firm based in Melbourne, is launching a $1 billion venture fund aimed at fostering investment and business growth between China and Australia. The fund, currently in its first closing, will focus on healthcare, technology, and renewable energy sectors. Boman recently acquired a Qualified Foreign Limited Partner (QFLP) License in China, allowing it to engage in private equity and venture capital investments. CEO Eric Gao emphasized the need to connect Australian innovations with China’s vast market and commercialization expertise to overcome funding challenges faced by Australian firms. Boman Group, founded in 2011, manages $600 million in assets.