|
Laxman Pai, Opalesque Asia: International investment firm Cathay Capital Private Equity announced the final close of its second Sino-European Mid Cap Fund at $850 million.
Midcap II has surpassed its predecessor, which closed in 2014 at $525m, and will look to invest in 16 to 20 companies.
"This significant increase in assets under management in the current environment reflects the renewed confidence of Cathay's existing investors, as well as the many new partners attracted by Cathay's reputation and track record, with a notable addition of international financial institutions," said Hervé Descazeaux, Managing Partner of Cathay Capital.
"Midcap II is particularly timely given the current environment, as Cathay's considerable global resources and Midcap II's strong capital base can help our portfolio companies to identify and seize upcoming opportunities," Hervé added.
Founded in 2007, with offices in the U.S., Europe, and China, Cathay Capital has completed over 140 buyouts, growth, and venture capital investments. Midcap II represents Cathay Capital's largest fund to date. With the new fund, Cathay Capital will have $3.8+ billion in assets under management.
Cathay Capital Midcap II was backed by a diverse group of existing and new global investors comprising sovereign wealth funds, institutional investors, corporates, and family offices.
Midcap II will invest in 16 to 20 companies in the consumer products and services, busines...................... To view our full article Click here
|
RSS
