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L’Oréal commits to Cathay PE’s second innovation fund

The French cosmetics manufacturer has backed a strategic investment fund supporting technology startups.

Institution: L’Oréal
Headquarters: Clichy Cedex, France
AUM: €35.5bn

L’Oréal has committed to Cathay Innovation Fund II, which is managed by Cathay Capital Private Equity. The firm will invest in beauty tech startups in China through the fund.

As illustrated below, the firm has invested in two 2019-vintage private equity funds.

Platinum subscribers may click here for the investor’s full profile, including key contacts, allocation strategy and fund investments.