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Midcaps: Bpifrance participates in the launch of €1.2bn Sino French Midcap II fund

On 9 January on the occasion of the French presidential visit to China, Bpifrance, China Development Bank (CDB) and Cathay Capital signed a Memorandum of Understanding (MOU) to create the Sino French Midcap II fund, the successor to the first Sino French Midcap Fund Iaunched in 2014. Sino French Midcap Fund II, with a fundraising target of €1.2bn, should complete its first closing and first investments before June 2018.

 

Enterprise
10January2018

Lancement du fonds Sino French Midcap II

Following on from the €500mn Sino French (Midcap) Fund, Sino French Midcap Fund II will mainly be focusing on high-growth-potential MSEs, creation of value and development on the international scene. Most of its investments will be in China and France, with small investments also a possibility elsewhere in Europe and in North America. The fund aims to extend the activities of companies it assists beyond their domestic markets.

 

Sino French Midcap Fund II hopes to attract other French, Chinese and international institutional investors. In order to contribute to internationalisation of the renminbi (RMB), China’s official currency, and promote France’s positioning as a global hub for commercial and financial transactions in RMB, the fund will also open its doors to investors in RMB.

 

 

Logos de Bpifrance, China Development Bank et Cathay Capital

 

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