Cathay Capital launches North American Sino-Fund

The vehicle will target $350,000 and follows the launch of the firm’s Sino-French Innovation Fund in July.

Cathay Capital has launched its North American-Sino Fund, according to a filing with the US Securities and Exchange Commission on 4 September.

The fund is targeted at $350,000, the filing said, and focused on diversified sectors in North America, according to PEI’s Research & Analytics division.

Cathay Capital had not responded to requests for comment at the time of publication.

The fund follows the launch in July of the firm’s Sino-French Innovation Fund which has a target size of €250 million. The Innovation Fund will invest in 12-18 digital technology startups in France, China or the US, according to PEI’s Research & Analytics.

Valeo invested €22 million in the fund, and Bpifrance and China Development Bank Capital have also committed an unspecified amount of capital.

Based in Paris, Cathay Capital specialises in cross-border investments between France and China. Past investments by Cathay have included firms in the retail, consumer goods, electrical protection, medical devices and pharmacy industries.