Deals

Cathay Capital Raises $1.4 Billion in Private Investment Funds

Cathay Innovation’s second venture fund pulls in $550 million
Private equity fund raises $850 million for bolt-on deals

A commuter climbs a flight of steps at a subway station in Beijing on March 17.
Photographer: Qilai Shen/Bloomberg

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By Katie Roof and Crystal Tse

May 14, 2020 at 10:00 AM UTC

This article is for subscribers only.

International investment firm Cathay Capital has raised $1.4 billion in new funds with an eye on opportunities created by the pandemic-afflicted economy.

Cathay Innovation, the firm’s venture team, got $550 million in new financing, $230 million more than its inaugural fund from 2017. The firm’s private equity group, meanwhile, raised a new $850 million fund.