Bpifrance, China Development Bank (CDB) and Cathay Capital are to launch the Sino French Midcap Fund II, which has a fundraising target of EUR1.2 billion and is the successor to the first Sino French Midcap Fund which was Iaunched in 2014.
The fund should complete its first closing and first investments before June 2018.
Following the previous EUR500m investment vehicle, the Sino French Midcap Fund II will focus mainly on lower to upper mid-cap companies having their principal place of business or activities in France and/or China, with a high potential for growth and value creation as well as a capacity to quickly expand internationally. The Sino French Midcap Fund II will mainly invest in China and France, with the possibility to invest a small portion in Europe and North America. The objective of this fund is to expand the activity of such companies beyond their respective territory.
The Sino French Midcap Fund II plans to attract other French, Chinese and international institutional investors in the fund, thus making a joint contribution to international cooperation. To contribute to the internationalisation of the RMB and to promote France’s position as the world’s leading off-shore RMB exchange hub, the fund will also admit RMB investors.
