Fortune Fountain Capital

Fortune Fountain Capital is a Beijing, China-based financial group that provides wealth management, family office services, and principal investments across Asian, North American, and European markets. In 2018, the firm acquired an 88.8% stake in luxury manufacturer Baccarat from Starwood Capital Group and L Catterton at a valuation of approximately €185 million. At the time of the transaction, the acquired portfolio company generated €148 million in annual revenue and maintained a workforce of approximately 500 employees. The organization's investment strategy also extends to the biotechnology sector, highlighted by its participation in a Series B funding round for DiaCarta. Following financial difficulties, creditors led by Tor Investment Management took control of the firm's Baccarat holding company in late 2020. While the exact founding year is undisclosed, the family office group operates under the leadership of Chairwoman Coco Chu.