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.