# Fortune Fountain Capital

Fortune Fountain Capital is a Private Equity based in Beijing, China.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** Beijing, China
- **Region:** Asia
- **Address:** Beijing, China
- **Founded:** 2011
- **Assets under management:** Undisclosed
- **Website:** fortunefountaincapital.com
- **LinkedIn:** https://www.linkedin.com/company/fortune-fountain-capital

## Regulatory record

- **Reports private funds:** No

## About

Fortune Fountain Capital is a financial group founded by families in Hong Kong and Mainland China. The firm operates in financial services, wealth management, family office, and principal investment, with a presence in Asia, North America, and Europe. Fortune Fountain Capital has made one investment, in DiaCarta as part of its Series B funding on November 20, 2017.

## Sectors

- Luxury
- Media & Entertainment
- Real Estate

## Questions

### What was Fortune Fountain Capital's most notable deal?

The firm's only major known transaction was the 2017 acquisition of an 88.8% stake in Baccarat, the 260-year-old French crystal manufacturer, from U.S. investment firms Starwood Capital and L Catterton. The deal, valued at roughly $195 million in equity plus assumed debt, was conducted through a Hong Kong-registered vehicle called Fortune Fountain Ltd. The transaction represented one of the few instances of a Chinese firm taking a controlling position in a publicly listed French luxury house.

### Who ran Fortune Fountain Capital?

Coco Chu was the firm's public face and managing partner during the Baccarat acquisition. She described herself as a luxury-industry professional, a longtime collector of Baccarat crystal, and the architect of the firm's strategy to bridge Chinese capital with European heritage brands. She was appointed to Baccarat's supervisory board in 2017 but removed from the board by a shareholder vote in 2021 after Fortune Fountain defaulted on its obligations.

## Related profiles

- [Fortress Estate Solutions](https://altss.com/profile/fortress-estate-solutions-pllc)
- [Forum Brands](https://altss.com/profile/forum-brands)

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Last updated: 2026-06-03T20:00:00.000Z

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