Cathay SITC to set up PE firm, raise $330m for first vehicle

The urban landscape of Taipei, with the Taipei 101 skyscraper in the background.

Cathay Securities Investment Trust Co (Cathay SITC) is set to become Taiwan’s first asset manager to launch a wholly owned private equity (PE) firm as it raises NT$10 billion ($330 million) for its first vehicle, according to local media reports.

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