The L Catterton (Guangzhou) Consumer Equity Investment Fund Partnership, led by L Catterton (Chengdu) Private Equity Fund Management, has launched with approximately 940 million RMB ($130 million). Its focus includes equity investment and asset management. Backed by LVMH, L Catterton manages around $35 billion, positioning it as the world’s largest consumer-focused private equity firm and a key platform for Bernard Arnault. In China, the fund targets brand internationalization, supply chain upgrades, and urban renewal in Guangzhou, drawing on its overseas planning experience. Past investments include Genki Forest and Heytea.