The firm said Cathay Innovation is looking to close the vehicle on €500m, substantially more than the €287m raised for Cathy’s first fund.
The fund has secured commitments from Accor, BioMérieux, Dassault, JCDecaux Holding, Kering and Pernod Ricard.
Previous investors including Bpifrance, Groupe ADP, Groupe SEB, Michelin, Valeo and GL events also committed to the fund.