Cathay Capital Private Equity, a NYC-based international investment firm, closed its latest growth private equity fund, Small Cap IV, at $270m.
The fund is backed by a diverse group of existing and new global investors comprising sovereign wealth funds, institutional investors, corporates, and family offices. It will invest in healthcare, consumer, and technology companies across Europe, North America and Asia.
The fund will target investment in 15-20 healthcare, consumer, and software/technology companies with equity tickets of $15 to $25 million in control and minority investments. The team has already completed six investments in the new fund, including AD Education, a provider of education in creative fields; Chowsing, a manufacturer of pet nutrition and food; and Snocks, a fast-growing digital direct-to-consumer apparel brand.
Founded in 2007, Cathay Capital now manages more than $5.5 billion in assets. It has made over 250 investments in verticals including healthcare, technology, and consumer from offices in Paris, New York, San Francisco, Munich, Berlin, Shanghai, Beijing, Shenzhen, and Singapore.
The team is led by Mark Woods, Partner and Head of North American Private Equity, and Fabien Wesse, Managing Partner and Head of Small Cap.
FinSMEs
30/06/2023