Secretive tycoon Richard Caring has been busy cashing out some of his assets. He's had mixed success with his property investments and appears to have decided to invest more into the restaurants and clubs business, where he has never put a foot wrong.

Starting last September he and his fellow investors sold the Cote Brasserie restaurant chain to private equity firm CBPE. Caring and restaurant industry veterans Andy Bassadone, Chris Benians and Nick Fiddler got £100 million for the business they founded in 2007. Caring sold his entire 51% holding, while the others hung on to minor stakes.

This week he has sold his 25% stake in Camden Market and the Hawley Wharf development site, originally bought for £40 million, for £400 million. The other owners are property company Chelsfield and Israeli textiles tycoon Bebo Kobo, who is believed to be holding on to his 50% stake.

One of his trophy assets, Wentworth Golf Club is also going, as Caring no longer plays, for about £150 million.

Caring was seriously embarrassed by the failure of his 20/21 Grosvenor Square property venture. He and property developer Steven Sharp jointly bought the former headquarters of the US Navy in London to convert to 41 luxury apartments.

They failed to meet the loan to value covenant in the mortgage deed when property values crashed, due Caring claims, to Sharp's not putting in the cash required of him. As a result control of the project was lost to NAMA, which recouped it's stake with a forced sale. Caring has sued for £16 million to recoup his losses.

Caring used the fortune he built up in the rag trade to mover into the restaurant business. In 2005 he sold the evening-wear label Amanda Wakeley and used the proceeds to take over Caprice Holdings - owner of The Ivy, Le Caprice and J Sheekey.

He added Birley Group, which includes Mayfair’s famous private members’ club Annabel’s, and Harry’s Bar, where the wealthy and royalty go to party in private to his stable in 2007 for £95 million. Then there’s Soho House, a private club group appealing to the fashionable media set.

Caring now appears to be planning a global expansion of his business. It is understood that a Le Caprice restaurant in Dubai and another in New York will be added to the ten restaurants in London, four in the UAE and one in Barbados. Turnover for this year was up 7.2% to over £44 million.

He is also a backer of the new “east-coast America” restaurant Jackson + Rye, in Soho. If that concept trades well there are plans to expand that nationally.

While in good shape for his 63 years, he does have his two sons in the business for the long game, and with a £300 million war chest, opening a new restaurant in Grosvenor Square and bringing New York restaurant Balthazar to Covent Garden are hors d'oeuvres for what promises to be a banquet.