Cathay Capital launches $227m China automobile fund
Cathay Capital Private Equity has launched a RMB1.5 billion ($227 million) China automobile sector fund with cornerstone investments from Yangtze River Industry Fund and French auto supplier Valeo.
Cathay CarTech Fund - the GP’s first renminbi-denominated vehicle to date - has received RMB375 million from Valeo, contributing to a first close of unspecified size. It follows participation by Valeo...
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