December 31, 2024
Global
Dear Investors & Friends,As 2024 draws to a close and a new year begins, I’d like to share a few thoughts with you, all shaped by a vision of growth, resilience and long-term impact.BEYOND THE MACROOptimism & Vision in the Face of ChallengesIn recent years, the global news cycle has often pulled us toward negativity, with headlines focused on wars, geopolitical tensions, deglobalization, stock market volatility and stagnant trade. Economic sovereignty, public investment in defense and industrial self-reliance are reshaping the global landscape. As countries prioritize value chains, we are witnessing a shift where manufacturing, energy and technology become focal points of national agendas.Yet, in this context, our role as connectors is more crucial than ever and our usefulness can be even greater. Since Cathay Capital’s founding in 2007, we’ve thrived by building bridges between continent and between areas of expertise. This requires local immersion and the ability to transform every “foreign” market into a familiar one. To truly create value and contribute to communities, we must live and breathe the local culture, understanding markets from within to provide real solutions.That’s why, in 2012, I moved to the U.S.—to build another bridge, foster transatlantic connections, and expand Cathay’s global ecosystem. Many of our partners have since done the same, strengthening our local teams across the world. At Cathay Capital, we never forget our roots and retain a sense of precarity with an underlying philosophy around survival. Success beyond borders is impossible if you don’t hit the road. And you shouldn’t stay too comfortable in your own pond because nothing is guaranteed.Today, we’re one of the only European private equity and venture capital platforms with deep roots also in Asia and North America. Over the past 17 years, we’ve not only supported cross-border ambitions of high-potential SMEs or startups — we’ve built a unique ecosystem of large industrial groups, from CAC40 and beyond, as investors and strategic partners. This has allowed us to go even deeper into key sectors vital for the future such as healthcare, financial services, commerce and energy.Whatever the cycles and geopolitical hazards, we’re committed to our role of being the bridge to industrial ecosystems across continents and ultimately bringing growth and innovation to life that will benefit all.OUR COMMITMENT TO INVESTORS & PARTNERSNot Your Typical FundCathay Capital has never been a typical investment firm. From the beginning, our mission as a company has been to support a global ecosystem. This means we don’t follow traditional recipes; instead, we forge our own path day after day, always striving to create value for all stakeholders, not just one side.Cross-Border Industry Connections & SolutionsBeing useful to entrepreneurs and corporations is central to
Gio. Gen 9th, 2025
