Cathay reaches $358m first close for second VC fund
Cathay Innovation, the venture affiliate of middle-market focused Cathay Capital Private Equity, has reached a first close of EUR320 million ($358 million) on its second fund targeting start-ups in China, Europe, and North America.
The fund has a target of EUR500 million. Its first close surpasses the entire corpus of Cathay Innovation's debut vehicle, which closed at $320 million in 2017. LPs in the second fund so far are mainly...
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