Loading organizations...
Loading organizations...
The Cherng Family Trust operates as a multi-generational family office and investment firm, responsible for the strategic management and growth of its assets. It primarily engages in sophisticated wealth management and direct investment activities, utilizing its capital to back various enterprises. Its investment arm, CFT Capital Partners, focuses on alternative assets and serves as a value-added co-investor, deploying flexible family office capital.
The trust was established in 2001 by Andrew Cherng and Peggy Cherng, the visionary co-founders behind the successful Panda Restaurant Group, best known for Panda Express. Their extensive entrepreneurial background and success in building a prominent foodservice empire provided the foundational capital and strategic insight for creating a robust, enduring structure for wealth management and future investment.
The primary beneficiaries of the trust's activities are the Cherng family members across generations, ensuring long-term financial stewardship and philanthropic endeavors. Through its investment arm, the trust also acts as a strategic partner to companies it invests in, fostering growth and innovation. The Cherng Family Trust aims to preserve and grow its capital responsibly, ensuring a lasting legacy and continued impact through its thoughtful investment and management approach.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Jan 6, 2017 | Networked Insights | $30.0M Other Equity | Cherng Family Trust, Sands Light Capital | 4490 Ventures, American Family Ventures, Goldman Sachs, Kegonsa Seed Fund |