Firm: Cartesian Capital Group
Fund: Pangaea Two
Target: $1 billion
The firm closed its debut fund,
Over the past year the ever-opportunistic Cartesian Capital has made investments in the hard-hit automotive and financial services sectors, including an investment in the creation of Cartesian Iris, a catastrophe reinsurance trust. Last month, portfolio company ReSearch Pharmaceutical Services Inc., a contract research organization and provider of integrated clinical development outsourcing solutions, completed its global platform by incorporating its subsidiaries in more than 30 countries, including the recently acquired Paramax International (Beijing) Inc., a specialized contract research organization in China. Over the past 12 months, ReSearch Pharmaceutical Services has also made strategic acquisitions in France, Spain and Germany.
Cartesian Capital manages $1.2 billion in capital with a team of 23 professionals based in New York, Shanghai, Sao Paulo, Vienna, Warsaw, Bucharest and Bermuda. New York-based Yu and the former senior management team of