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CFT Capital Partners
CFT Capital Management was established in 2016. Its primary mandate centers on the Cherng Family Trust created by Andrew and Peggy Cherng, co-founders of Panda...
CFT Capital Partners
CFT Capital Management was established in 2016. Its primary mandate centers on the Cherng Family Trust created by Andrew and Peggy Cherng, co-founders of Panda Restaurant Group. Victor Cherng and other family members hold trustee and investment roles. The firm commits to growth equity, private equity and real estate. It structures participation through direct co-investments and SPVs rather than broad fund commitments. Confirmed holdings include The Cosmopolitan of Las Vegas, Waldorf Astoria Las Vegas and Trio Apartments in Pasadena. Geographic reach stays within North America, with additional positions in commodity exposure and a hedge fund portfolio. Sector exposure includes Healthcare Services, Industrial Tech, PropTech, AgriTech & FoodTech and EdTech. Team size remains undisclosed. The firm maintains no additional offices beyond Los Angeles. Adjacent vehicles include the Panda Cares Foundation and Panda Charitable Foundation. Peggy Cherng has served on the Federal Reserve Bank of San Francisco Los Angeles Branch board and the Caltech Board of Trustees. No operational events from the last 24 months appear in available records. The structure ties investment decisions directly to the Cherng Family Trust governance. Family members Nicole Cherng and Andrea Cherng hold investment manager and brand roles that intersect with capital allocation. This creates a closed loop between operating company cash flows from Panda Restaurant Group and the deployment vehicles managed by CFT.
General information
Firm type
Multi Family Office
Year founded
2016
Location
Region
North America
Country
United States
City
Los Angeles
Corporate office
Los Angeles, CA, United States
Principals
Warren Woo
Founding Partner and CIO
Carey Kim
Founding Partner and Managing Director
Sector focus
Frequently asked questions
Who runs investment decisions at CFT Capital Management?
Warren Woo serves as Founding Partner and CIO. Carey Kim serves as Founding Partner and Managing Director. Both roles trace to the 2016 founding.
How does CFT Capital Management source proprietary deal flow?
The firm partners with sponsors on direct growth and structured investments. Relationships originate from principals' prior private equity work.
Is CFT Capital Management structured as a single family office or does it operate more like a venture firm?
It is registered as a multi-family office yet concentrates on the Cherng Family Trust. Deployment occurs via direct co-investments and SPVs rather than broad venture commitments.
Does CFT Capital Management participate in fund commitments or only direct deals?
Activity centers on direct co-investments, SPVs, private equity and real estate. No fund-of-funds commitments are disclosed.
What investment stages does CFT Capital Management typically target?
The firm targets growth equity and private equity stages. Real estate acquisitions supplement the equity book.
Where does the underlying wealth come from?
Wealth originates from the Cherng Family Trust. Andrew and Peggy Cherng built Panda Restaurant Group, operator of Panda Express.
Does CFT Capital Management maintain philanthropic structures, and how are they separated?
Panda Cares Foundation and Panda Charitable Foundation sit alongside the investment vehicles. Governance records list them as distinct entities.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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