, says Denis Barrier, co-founder of Cathay Innovation 427008522 / Chinnapong – stock.adobe.com
The French management company wants to support the sustainable transformation of the industry.
The cooling economic climate did not deter investors. Cathay Capital has just raised a fund of 1 billion euros to invest in start-ups, “accelerating the sustainable transformation of industry and society”. This is the first closing for this “impact” fund, i.e. respecting ESG (environmental, social and governance) criteria and seeking to have a positive social or environmental impact on society. Confident, the French private equity firm expects the size of the envelope to grow further. “Cathay Innovation Fund III will be one of the largest innovation capital funds in Europe”, anticipate the group.
Significantly, several large groups, including Sanofi, TotalEnergies, Valeo, BNP Paribas Cardif, SEB and ADP, support the fund in which they have invested. Others may follow. “These groups are not directly associated with the management of the fund, but we work with them on many…
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