Cathay Capital
AUM
€5.5B
Funds
15
vintages 2007–2024
Portfolio
170
Exits
73
Key facts
HQParis, France
Websitecathaycapital.com
Recent exits
TransCure bioServices
Healthcare2026 · 4yr hold
Kayrros
Industrials2026 · 8yr hold
Curve
Fintech2026 · 7yr hold
Kojin Therapeutics
Biotech2025 · 4yr hold
Coverage notes
15 funds tracked, 243 portfolio companies (170 active · 73 realized). Verified weekly from public filings and deal announcements.
Sector breakdown
243 companiesConsumer
57 · 23%
Industrials
53 · 22%
Software
51 · 21%
Healthcare
31 · 13%
Fintech
30 · 12%
Biotech
4 · 2%
HealthTech
4 · 2%
MedTech
4 · 2%
Funds & portfolio
Every fund Cathay Capital has raised, with its portfolio companies. Hand-checked from public filings.
15 funds
Cathay Innovation Fund IIIVC2024 · 2yr€1.0B21 active
Unrealized
21 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| Software |  France | 2026 | |
| Healthcare | France | 2024 | |
| Healthcare |  US | 2026 | |
| Consumer | China | 2024 | |
| Biotech | France | 2025 | |
| Fintech | France | 2024 | |
| Industrials | US | 2024 | |
| Software | China | 2026 | |
| Fintech |  Spain | 2026 | |
| Fintech | France | 2024 | |
| Fintech | US | 2024 | |
| Industrials | China | 2026 | |
| Software | France | 2024 | |
| Fintech | France | 2024 | |
| HealthTech | France | 2024 | |
| Consumer | France | 2025 | |
| Software | France | 2025 | |
| Software | US | 2026 | |
| Fintech | US | 2024 | |
| HealthTech | France | 2026 | |
| Software | Brazil | 2025 |
AMI LabsActive
SoftwareFrance· Entry 2026
France· Entry 2026AqemiaActive
HealthcareFrance· Entry 2024
France· Entry 2024Ascendia Autism CareActive
HealthcareUS· Entry 2026
US· Entry 2026BeatbotActive
ConsumerChina· Entry 2024
BioptimusActive
BiotechFrance· Entry 2025
France· Entry 2025CryptioActive
FintechFrance· Entry 2024
France· Entry 2024David EnergyActive
IndustrialsUS· Entry 2024
US· Entry 2024DeepWisdomActive
SoftwareChina· Entry 2026
EmbatActive
FintechSpain· Entry 2026
Spain· Entry 2026EntalpicActive
FintechFrance· Entry 2024
France· Entry 2024Ether.fiActive
FintechUS· Entry 2024
US· Entry 2024Galaxea AIActive
IndustrialsChina· Entry 2026
imaginoActive
SoftwareFrance· Entry 2024
France· Entry 2024MidasActive
FintechFrance· Entry 2024
France· Entry 2024NablaActive
HealthTechFrance· Entry 2024
France· Entry 2024NellyActive
ConsumerFrance· Entry 2025
France· Entry 2025Powell SoftwareActive
SoftwareFrance· Entry 2025
France· Entry 2025Qualified HealthActive
SoftwareUS· Entry 2026
US· Entry 2026RangeActive
FintechUS· Entry 2024
US· Entry 2024TucuviActive
HealthTechFrance· Entry 2026
France· Entry 2026VambeActive
SoftwareBrazil· Entry 2025
Ledger Cathay FundVC2022 · 4yr€100M4 active
Unrealized
4 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| Software | France | 2025 | |
| Fintech | US | 2024 | |
| Software | US | 2025 | |
| Healthcare | France | 2022 |
AtlasActive
SoftwareFrance· Entry 2025
France· Entry 2025Huma FinanceActive
FintechUS· Entry 2024
US· Entry 2024Logical IntelligenceActive
SoftwareUS· Entry 2025
US· Entry 2025TranscureActive
HealthcareFrance· Entry 2022
France· Entry 2022Cathay Capital Small Cap IVGrowth2022 · 4yr€240M5 active
Unrealized
5 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| Healthcare | France | 2025 | |
| Healthcare | China | 2024 | |
| SaaS |  Switzerland | 2026 | |
| Software | France | – | |
| Healthcare | US | 2023 |
AveliaActive
HealthcareFrance· Entry 2025
France· Entry 2025BEBIG MedicalActive
HealthcareChina· Entry 2024
EquadisActive
SaaSSwitzerland· Entry 2026
Switzerland· Entry 2026OnventisActive
SoftwareFrance
FranceParkview Dental PartnersActive
HealthcareUS· Entry 2023
US· Entry 2023Cathay HealthGrowth2021 · 5yr€500M5 active · 1 realized
Unrealized
5 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| Healthcare | France | – | |
| MedTech | France | 2022 | |
| Healthcare | US | 2021 | |
| MedTech | France | 2022 | |
| MedTech | France | 2021 |
HealthcareFrance
FranceGanymed RoboticsActive
MedTechFrance· Entry 2022
France· Entry 2022Initiate StudiosActive
HealthcareUS· Entry 2021
US· Entry 2021Moon SurgicalActive
MedTechFrance· Entry 2022
France· Entry 2022TissiumActive
MedTechFrance· Entry 2021
France· Entry 2021Realized
1 exit| Company | Sector | Geo | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|---|---|
| Biotech | US | 2021 | 2025 | – | – | – |
Kojin TherapeuticsExited 2025
BiotechUS· Entry 2021
US· Entry 2021Cathay Capital Midcap IIBuyout2020 · 6yr€800M14 active · 3 realized
Unrealized
14 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| Education | France | 2021 | |
| Industrials | China | 2021 | |
| Consumer | China | 2021 | |
| Healthcare | US | 2021 | |
| Software | France | 2022 | |
| Industrials | China | 2021 | |
| Consumer | China | 2023 | |
| Consumer | China | 2022 | |
| Consumer | France | 2022 | |
| Industrials | China | 2021 | |
| Consumer | France | 2022 | |
| Healthcare | China | 2021 | |
| Software | China | 2021 | |
| Industrials | China | 2021 |
AD EducationActive
EducationFrance· Entry 2021
France· Entry 2021ChemspecActive
IndustrialsChina· Entry 2021
ChowSingActive
ConsumerChina· Entry 2021
Cpap.comActive
HealthcareUS· Entry 2021
US· Entry 2021DiliTrustActive
SoftwareFrance· Entry 2022
France· Entry 2022EigencommActive
IndustrialsChina· Entry 2021
Juliette has a GunActive
ConsumerChina· Entry 2023
MistineActive
ConsumerChina· Entry 2022
Shiro GamesActive
ConsumerFrance· Entry 2022
France· Entry 2022SHPTActive
IndustrialsChina· Entry 2021
SnocksActive
ConsumerFrance· Entry 2022
France· Entry 2022TCL Healthcare GroupActive
HealthcareChina· Entry 2021
WeNextActive
SoftwareChina· Entry 2021
IndustrialsChina· Entry 2021
Realized
3 exits| Company | Sector | Geo | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|---|---|
| Software | France | 2021 | 2024 | Secondary | – | ||
| Fintech | France | 2021 | 2025 | Secondary | – | ||
| Healthcare | France | 2022 | 2026 | Trade Sale | – |
Cathay Smart EnergyVC2019 · 7yr€130M1 active
Unrealized
1 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| Industrials | China | 2023 |
Tianke EnergyActive
IndustrialsChina· Entry 2023
Cathay Innovation Fund IIVC2019 · 7yr€650M45 active
Unrealized
45 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| Software | China | 2022 | |
| Fintech | Brazil | 2024 | |
| Industrials | China | 2020 | |
| Fintech | France | 2021 | |
| Software | China | 2021 | |
| Software | China | 2020 | |
| Fintech | China | 2020 | |
| Consumer | France | 2021 | |
| Biotech | France | 2019 | |
| Fintech | France | 2020 | |
| Consumer | China | 2019 | |
| Software | China | 2020 | |
| Consumer | China | 2020 | |
| Consumer | France | 2022 | |
| Fintech | US | 2019 | |
| Industrials | China | 2020 | |
| Software | US | – | |
| Industrials | France | 2019 | |
| Consumer | Brazil | 2022 | |
| Consumer | China | 2020 | |
| Biotech | France | 2019 | |
| Software | France | 2019 | |
| Consumer | China | 2019 | |
| Fintech | China | 2019 | |
| Software | China | 2019 | |
| Software | China | 2021 | |
| Software | France | 2020 | |
| Software | China | 2022 | |
| Industrials | China | 2020 | |
| Industrials | China | 2020 | |
| HealthTech | France | 2022 | |
| HealthTech | France | 2020 | |
| Healthcare | US | 2020 | |
| Software | US | 2020 | |
| Industrials | China | 2021 | |
| Software | US | 2019 | |
| Industrials | China | 2020 | |
| Software | China | 2020 | |
| Consumer | China | 2021 | |
| Software | US | 2021 | |
| Industrials | France | 2021 | |
| Consumer | France | 2021 | |
| Fintech | Brazil | 2021 | |
| Fintech | China | 2021 | |
| Software | US | 2020 |
AI RudderActive
SoftwareChina· Entry 2022
AkuaActive
FintechBrazil· Entry 2024
AllsenseActive
IndustrialsChina· Entry 2020
AlmaActive
FintechFrance· Entry 2021
France· Entry 2021ChatailActive
SoftwareChina· Entry 2021
CloudpickActive
SoftwareChina· Entry 2020
CoherentActive
FintechChina· Entry 2020
ColizeyActive
ConsumerFrance· Entry 2021
France· Entry 2021DayTwoActive
BiotechFrance· Entry 2019
France· Entry 2019Descartes UnderwritingActive
FintechFrance· Entry 2020
France· Entry 2020Dingdong ClassActive
ConsumerChina· Entry 2019
FastoneActive
SoftwareChina· Entry 2020
FitureActive
ConsumerChina· Entry 2020
FlowdeskActive
ConsumerFrance· Entry 2022
France· Entry 2022FundboxActive
FintechUS· Entry 2019
US· Entry 2019GCL PhotovoltaicsActive
IndustrialsChina· Entry 2020
GhostActive
SoftwareUS
USHeetchActive
IndustrialsFrance· Entry 2019
France· Entry 2019HenryActive
ConsumerBrazil· Entry 2022
Hok BeeActive
ConsumerChina· Entry 2020
InatoActive
BiotechFrance· Entry 2019
France· Entry 2019IziworkActive
SoftwareFrance· Entry 2019
France· Entry 2019KaiOS TechnologiesActive
ConsumerChina· Entry 2019
Kredivo (FinAccel)Active
FintechChina· Entry 2019
Laiye TechnologyActive
SoftwareChina· Entry 2019
LeadIQActive
SoftwareChina· Entry 2021
MedwingActive
SoftwareFrance· Entry 2020
France· Entry 2020MogicActive
SoftwareChina· Entry 2022
MomentaActive
IndustrialsChina· Entry 2020
ReFireActive
IndustrialsChina· Entry 2020
ResilienceActive
HealthTechFrance· Entry 2022
France· Entry 2022SavanaActive
HealthTechFrance· Entry 2020
France· Entry 2020Sidecar HealthActive
HealthcareUS· Entry 2020
US· Entry 2020Skan.aiActive
SoftwareUS· Entry 2020
US· Entry 2020SvoltActive
IndustrialsChina· Entry 2021
TerminalActive
SoftwareUS· Entry 2019
US· Entry 2019TGhilyteActive
IndustrialsChina· Entry 2020
TungeeActive
SoftwareChina· Entry 2020
UnomiActive
ConsumerChina· Entry 2021
UnsupervisedActive
SoftwareUS· Entry 2021
US· Entry 2021WallboxActive
IndustrialsFrance· Entry 2021
France· Entry 2021Waysia (Alorsfaim)Active
ConsumerFrance· Entry 2021
France· Entry 2021XepelinActive
FintechBrazil· Entry 2021
Yuanbao InsuranceActive
FintechChina· Entry 2021
ZenBusinessActive
SoftwareUS· Entry 2020
US· Entry 2020Cathay AfricInvest InnovationVC2019 · 7yr€110M4 active
Unrealized
4 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| Industrials | Nigeria | 2020 | |
| Fintech | Nigeria | 2020 | |
| Fintech | Nigeria | 2022 | |
| Consumer | Nigeria | 2021 |
AeroboticsActive
IndustrialsNigeria· Entry 2020
MigoActive
FintechNigeria· Entry 2020
OZÉActive
FintechNigeria· Entry 2022
WhereIsMyTransportActive
ConsumerNigeria· Entry 2021
CarTech FundVC2017 · 9yr€200M10 active
Unrealized
10 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| Industrials | China | 2018 | |
| Industrials | China | 2018 | |
| Industrials | China | 2019 | |
| Industrials | China | 2017 | |
| Industrials | China | 2021 | |
| Industrials | China | 2020 | |
| Industrials | China | 2020 | |
| Industrials | China | 2018 | |
| Industrials | China | 2019 | |
| Industrials | China | 2019 |
ABUPActive
IndustrialsChina· Entry 2018
BenewakeActive
IndustrialsChina· Entry 2018
BochuangActive
IndustrialsChina· Entry 2019
FuturusActive
IndustrialsChina· Entry 2017
GTA SemiconductorActive
IndustrialsChina· Entry 2021
IntplogActive
IndustrialsChina· Entry 2020
JoynextActive
IndustrialsChina· Entry 2020
Uphoton (Reinlight)Active
IndustrialsChina· Entry 2018
WaytousActive
IndustrialsChina· Entry 2019
YiQi ExchangeActive
IndustrialsChina· Entry 2019
Cathay Capital Small Cap IIIGrowth2016 · 10yr€180M25 active · 12 realized
Unrealized
25 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| Consumer | China | 2020 | |
| Consumer | China | 2018 | |
| Healthcare | China | 2020 | |
| Consumer | China | 2020 | |
| Software | France | 2020 | |
| Healthcare | China | 2020 | |
| Software | France | 2020 | |
| Healthcare | China | 2020 | |
| Consumer | China | 2020 | |
| Consumer | China | 2020 | |
| Software | China | 2018 | |
| Industrials | China | 2019 | |
| Software | China | 2018 | |
| Healthcare | China | 2017 | |
| Consumer | France | 2020 | |
| Consumer | US | 2019 | |
| Software | China | 2019 | |
| Healthcare | China | 2020 | |
| Healthcare | China | 2018 | |
| Consumer | China | 2020 | |
| Industrials | China | 2020 | |
| Healthcare | China | 2020 | |
| Consumer | China | 2020 | |
| Consumer | China | 2018 | |
| Industrials | China | 2017 |
AukeyActive
ConsumerChina· Entry 2020
Brass MasterActive
ConsumerChina· Entry 2018
BrosmedActive
HealthcareChina· Entry 2020
DeermaActive
ConsumerChina· Entry 2020
EasyVistaActive
SoftwareFrance· Entry 2020
France· Entry 2020FaponActive
HealthcareChina· Entry 2020
FuturMasterActive
SoftwareFrance· Entry 2020
France· Entry 2020GangtongActive
HealthcareChina· Entry 2020
Genki ForestActive
ConsumerChina· Entry 2020
GeoskincareActive
ConsumerChina· Entry 2020
JD LogisticsActive
SoftwareChina· Entry 2018
Jieli CosmeticsActive
IndustrialsChina· Entry 2019
JiuyeActive
SoftwareChina· Entry 2018
JUVAActive
HealthcareChina· Entry 2017
Le WagonActive
ConsumerFrance· Entry 2020
France· Entry 2020Moose KnucklesActive
ConsumerUS· Entry 2019
US· Entry 2019OrderPlusActive
SoftwareChina· Entry 2019
PackgeneActive
HealthcareChina· Entry 2020
Righton Gene (688217.SH)Active
HealthcareChina· Entry 2018
Simpleway TechnologyActive
ConsumerChina· Entry 2020
TaclinkActive
IndustrialsChina· Entry 2020
HealthcareChina· Entry 2020
WonderLabActive
ConsumerChina· Entry 2020
YeelightActive
ConsumerChina· Entry 2018
YimididaActive
IndustrialsChina· Entry 2017
Realized
12 exits| Company | Sector | Geo | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|---|---|
| Healthcare | France | 2020 | 2024 | Trade Sale | – | ||
| Industrials | France | 2018 | 2025 | Secondary | – | ||
| Industrials | France | 2018 | 2023 | Trade Sale | – | ||
| Fintech | France | 2019 | 2024 | Trade Sale | – | ||
| Consumer | France | 2017 | 2023 | Secondary | – | ||
| Healthcare | China | 2019 | 2023 | Trade Sale | – | – | |
| IT Services | France | 2018 | 2021 | Secondary | – | ||
| MedTech | France | 2019 | 2024 | Trade Sale | – | ||
| Software | France | 2018 | 2023 | Secondary | – | ||
| Consumer | China | 2018 | 2023 | Trade Sale | – | – | |
| IT Services | France | 2017 | 2023 | Secondary | – | ||
| Software | China | 2018 | 2023 | Trade Sale | – | – |
Cathay Innovation Fund IVC2016 · 10yr€290M12 active · 9 realized
Unrealized
12 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| Consumer | China | 2017 | |
| Software | US | 2016 | |
| Industrials | China | 2017 | |
| Software | France | 2018 | |
| Logistics | France | 2018 | |
| Healthcare | France | 2017 | |
| Software | US | 2018 | |
| AI/ML | US | 2016 | |
| Software | China | 2018 | |
| Consumer | China | 2018 | |
| Software | China | 2016 | |
| Industrials |  Germany | 2016 |
Aqara (Lumi)Active
ConsumerChina· Entry 2017
Bryj (FollowAnalytics)Active
SoftwareUS· Entry 2016
US· Entry 2016LechebangActive
IndustrialsChina· Entry 2017
LedgerActive
SoftwareFrance· Entry 2018
France· Entry 2018OnTruckActive
LogisticsFrance· Entry 2018
France· Entry 2018OwkinActive
HealthcareFrance· Entry 2017
France· Entry 2017PEEKActive
SoftwareUS· Entry 2018
US· Entry 2018QuantifindActive
AI/MLUS· Entry 2016
US· Entry 2016SXLActive
SoftwareChina· Entry 2018
TU BO SHIActive
ConsumerChina· Entry 2018
UshopalActive
SoftwareChina· Entry 2016
WST PraezisionstechnikActive
IndustrialsGermany· Entry 2016
Germany· Entry 2016Realized
9 exits| Company | Sector | Geo | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|---|---|
| SaaS | France | 2016 | 2023 | Trade Sale | – | ||
| Fintech | US | 2017 | 2025 | IPO | – | ||
| Industrials | France | 2016 | 2019 | Trade Sale | – | ||
| Software | France | 2018 | 2025 | Trade Sale | – | ||
| Consumer | France | 2017 | 2022 | Trade Sale | – | ||
| Industrials | France | 2018 | 2026 | Trade Sale | – | ||
| Consumer | China | 2015 | 2020 | Secondary | – | – | |
| Consumer | China | 2016 | 2018 | IPO | – | ||
| Software | US | 2015 | 2022 | Trade Sale | – |
C. EntrepreneursVC2016 · 10yr€50M15 active · 5 realized
Unrealized
15 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| Deep Tech | France | 2017 | |
| Industrials | France | – | |
| Software | France | 2018 | |
| Fintech | France | 2018 | |
| Consumer | Brazil | 2020 | |
| Software | France | 2020 | |
| Consumer | France | 2019 | |
| Fintech | China | 2020 | |
| Fintech | Brazil | 2019 | |
| Fintech | France | 2020 | |
| Fintech | China | 2021 | |
| Software | US | 2018 | |
| Fintech | France | 2022 | |
| Fintech | France | 2021 | |
| Consumer | China | 2021 |
AnotherBrainActive
Deep TechFrance· Entry 2017
France· Entry 2017BeemActive
IndustrialsFrance
FranceCosmo TechActive
SoftwareFrance· Entry 2018
France· Entry 2018CoverfyActive
FintechFrance· Entry 2018
France· Entry 2018FacilyActive
ConsumerBrazil· Entry 2020
FirstVetActive
SoftwareFrance· Entry 2020
France· Entry 2020HousfyActive
ConsumerFrance· Entry 2019
France· Entry 2019IglooActive
FintechChina· Entry 2020
KueskiActive
FintechBrazil· Entry 2019
LanaActive
FintechFrance· Entry 2020
France· Entry 2020LifepalActive
FintechChina· Entry 2021
OpenlegacyActive
SoftwareUS· Entry 2018
US· Entry 2018PayflowActive
FintechFrance· Entry 2022
France· Entry 2022QoverActive
FintechFrance· Entry 2021
France· Entry 2021ReebeloActive
ConsumerChina· Entry 2021
Realized
5 exits| Company | Sector | Geo | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|---|---|
| Fintech | France | 2019 | 2026 | Trade Sale | – | ||
| Software | France | 2017 | 2021 | Trade Sale | – | ||
| Fintech | France | 2016 | 2021 | Trade Sale | – | ||
| Data & Analytics | France | 2017 | 2025 | Trade Sale | – | ||
| Fintech | France | 2017 | 2021 | – | – |
Cathay Capital Midcap IBuyout2014 · 12yr€500M7 active · 15 realized
Unrealized
7 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| Consumer | US | 2016 | |
| Consumer | China | 2016 | |
| Industrials | China | 2015 | |
| Consumer | US | 2016 | |
| Healthcare | China | 2018 | |
| Software | France | 2025 | |
| Industrials | France | 2016 |
Realized
15 exits| Company | Sector | Geo | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|---|---|
| Consumer | China | 2016 | 2022 | Trade Sale | – | – | |
| Industrials | France | 2016 | 2022 | Trade Sale | – | – | |
| Consumer | France | 2014 | 2020 | MBO | – | ||
| Industrials | China | 2015 | 2021 | IPO | – | – | |
| Healthcare | France | 2015 | 2023 | Trade Sale | – | ||
| Software | France | 2015 | 2024 | Trade Sale | – | ||
| Healthcare | France | 2015 | 2018 | Secondary | – | ||
| Software | France | 2015 | 2021 | Secondary | – | ||
| Consumer | China | 2016 | 2022 | Trade Sale | – | – | |
| Healthcare | China | 2015 | 2021 | Trade Sale | – | ||
| Industrials | France | 2015 | 2021 | Secondary | – | ||
| Healthcare | China | 2014 | 2020 | Trade Sale | – | ||
| Consumer | China | 2015 | 2021 | Trade Sale | – | – | |
| Consumer | China | 2016 | 2022 | Trade Sale | – | – | |
| Consumer | China | 2014 | 2017 | IPO | – | – |
Cathay Capital Small Cap IIGrowth2010 · 16yr€90M2 active · 18 realized
Unrealized
2 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| Industrials | China | 2012 | |
| Industrials | China | 2013 |
YolooActive
IndustrialsChina· Entry 2012
ZM LogisticsActive
IndustrialsChina· Entry 2013
Realized
18 exits| Company | Sector | Geo | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|---|---|
| Industrials | France | 2012 | 2019 | Trade Sale | – | ||
| Industrials | China | 2012 | 2018 | Trade Sale | – | – | |
| Industrials | France | 2011 | 2017 | Trade Sale | – | ||
| Software | China | 2012 | 2018 | Trade Sale | – | – | |
| Industrials | France | 2013 | 2017 | Secondary | – | ||
| Industrials | France | 2013 | 2017 | Secondary | – | ||
| Consumer | China | 2011 | 2016 | Trade Sale | – | – | |
| Industrials | France | 2010 | 2020 | Secondary | – | ||
| Consumer | France | 2011 | 2017 | Secondary | – | ||
| Consumer | China | 2012 | 2017 | IPO | – | – | |
| Consumer | France | 2010 | 2016 | Secondary | – | – | |
| Healthcare | China | 2013 | 2015 | IPO | – | – | |
| Healthcare | France | 2011 | 2017 | Secondary | – | ||
| Consumer | France | 2011 | 2013 | IPO | – | – | |
| Industrials | China | 2012 | 2018 | Trade Sale | – | – | |
| Consumer | France | 2010 | 2016 | Trade Sale | – | ||
| Software | France | 2013 | 2019 | Trade Sale | – | ||
| Industrials | France | 2011 | 2017 | Secondary | – |
Cathay Capital Small Cap IGrowth2007 · 19yr€70M0 active · 10 realized
Realized
10 exits| Company | Sector | Geo | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|---|---|
| Healthcare | France | 2008 | 2014 | Trade Sale | – | – | |
| Consumer | France | 2009 | 2015 | Secondary | – | – | |
| Software | France | 2009 | 2015 | Trade Sale | – | – | |
| Industrials | France | 2009 | 2017 | Trade Sale | – | ||
| Consumer | France | 2008 | 2014 | Trade Sale | – | – | |
| Industrials | China | 2008 | 2014 | Trade Sale | – | – | |
| Healthcare | China | 2008 | 2014 | Trade Sale | – | – | |
| Consumer | France | 2009 | 2016 | Trade Sale | – | ||
| Consumer | China | 2009 | 2012 | IPO | – | ||
| Consumer | France | 2008 | 2015 | Secondary | – |
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About Cathay Capital
Cathay Capital is a cross-border private equity and venture firm with €5.5 billion of assets under management as of December 2024, headquartered in Paris with offices in Shanghai, Beijing, Shenzhen, New York and San Francisco. Founded in 2007, the firm specialises in cross-border investments helping European and US companies expand internationally with a particular focus on the China corridor, plus Chinese and Asian companies expanding into Europe and North America. The unique cross-border mandate distinguishes Cathay from regional-focused peers.
Investment thesis
Cathay deploys capital across complementary strategies including mid-market LBO (Cathay Capital PE) and late-stage technology venture (Cathay Innovation), with sectors spanning Consumer, Industrials, Software, Fintech and Healthcare. The platform's cross-border value-add focuses on supporting portfolio companies through international expansion, sourcing partnerships and operational capabilities across the three core regions of France-China-US. Equity ticket sizes vary by strategy from venture-stage early commitments through to mid-cap LBO majority equity positions of €20 million to €150 million.
Recent activity
Recent realised exits include TransCure bioServices (healthcare, 2026), DIOT-SIACI (fintech, 2025), Saagie (software, 2025), Artefact (software, 2024), Biose Industrie (healthcare, 2024) and Datawords (software, 2024), reflecting active distribution across the cross-border franchise. The platform tracks 15 funds, 167 active portfolio companies and 68 realised exits across multiple investment cycles. Detailed buyer names and multiple data available on Pro at €29/month.
Portfolio platforms backed by Cathay Capital made 3 researched add-on acquisitions during its ownership. See the roll-up tracker
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Last updated August 2026 · Sourced from public filings · Report an issue