Singapore based NY Art fund seeks $100 million

SINGAPORE (Reuters) – Meridian Art Partners, a New York-based investor, plans to raise $100 million by the end of the year for a fund investing in contemporary art from Asia and other emerging markets, The Straits Times reported on Wednesday.

The Singapore daily quoted one of Meridian’s partners, Roman Scott, as saying that it was looking to raise half of the targeted funds from rich Asian investors and would store a large part of its Asian art collection in Singapore.
The minimum investment would be $250,000, it said.

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Source: Reuters via India Art News


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