The diversified group has teamed up with asset manager Alan AMC for an investment vehicle with a $1.43bn ceiling, targeting culture and sports startups.

China-based diversified conglomerate Bloomage International Group has anchored a culture and sports-focused fund with a RMB10bn ($1.43bn) target for its close. Alan Asset Management Company (Alan AMC), an investment firm formed in 2016 by financial services firm Hana Financial Group’s Hana Bank and Hana Financial Investment subsidiaries together with women’s apparel brand Lancy, is also…

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