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Our Subsidiaries & Partners

TBG Capital is a FINRA licensed dealer located in New York. TBG Capital is headed by Mark Davis, Managing Director and Partner.

TBG Canada is a Canadian subsidiary established in 2004. TBG Canada is headed by John Vogel. For more information on TBG Canada, please direct all inquiries to tbgcanada@ballochgroup.com.

Dalian Hi-Tech Venture Capital Management Co. Ltd. is owned by the city of Dalian’s Hi‐Tech Zone. In June, 2010, TBG in partnership with Dalian Hi‐Tech Venture Capital Management Co. Ltd. created the TBG‐Dalian Growth Fund, a RMB500 million (approximately C$75 million) private equity fund. Dalian’s Hi‐Tech Zone is home to over 3,600 of China’s most dynamic companies and 800 international corporations, including 62 ‘Global Fortune 500’ companies. Dalian is northeast China’s fastest growing city with a population of 8 million people and an average annual GDP growth rate of more than 12% over the past ten years. Foreign direct investment in Dalian totaled over $6.6 billion in 2009.

Shipston Group is a private equity group based in the Bahamas with more than 25 years’ experience in making successful investments in established and emerging markets. The Balloch Group and Shipston have formed an investment partnership to invest directly in high growth companies in China.

Mongolia International Capital Corporation (MICC) was established by TBG and local Mongolian partners in August 2005 as the first investment banking firm in Mongolia. It is fully licensed to provide a full range of investment banking services, including underwriting and brokerage services.


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