Cartesian Growth Corporation III (CGC3) is a SPAC — a publicly traded shell company with no operating business. CGC3 raised $276M in its May 2025 IPO, with all proceeds held in trust, and has roughly 24 months to find and acquire a private company, effectively taking it public. If CGC3 fails to complete an acquisition by approximately May 2027, it liquidates and returns the trust proceeds to shareholders. CGC3 is sponsored by Cartesian Capital Group, a New York-based global private equity firm founded in 2006 by Peter Yu, who also serves as CGC3's Chairman and CEO. Cartesian has managed over $3B in committed capital and focuses on cross-border, growth-stage businesses. CGC3's acquisition criteria target founder- or family-owned companies with transnational operations, proven business models, and management teams willing to retain meaningful equity post-deal. Cartesian's pitch to sellers is a partnership model, where Cartesian adds value through internationalization and governance improvements rather than a traditional buyout. CGC3 can target any industry or geography, but the focus is on high-growth businesses with cross-border potential identified through proprietary rather than auction processes.