The shuttle effect of lithium−sulfur batteries (LSBs) caused by the dissolution and migration of lithium polysulfides (LiPSs) leads to rapid capacity decay of sulfur cathodes. Modifying the separator with a catalytic layer becomes an effective strategy to inhibit LiPS shuttling and promote the conversion kinetics of sulfur active materials. Herein, we propose a carbon nanotube (CNT)-encapsulation strategy to fabricate a composite of CoSe nanoparticles encapsulated in N-doped CNT (CoSe@NCNT). The as-prepared CoSe@NCNT is endowed with a full sulfiphilic surface to trap LiPSs by Co−S and Se−Li bonds and catalyze sulfur redox reactions (SRRs) of the discharge/charge processes. In addition, the encapsulated structure effectively inhibits the aggregation of CoSe nanoparticles and enables its persistent adsorption−catalysis ability on regulating the kinetics of SRRs. When equipped with a CoSe@NCNT catalytic interlayer, the LSB shows a high specific capacity of 768.3 mAh g −1 at 2 C and superior cycle stability with the capacity decay rate of 0.06% per cycle over 1000 cycles at 1 C. In addition, when operated with an electrolyte/sulfur ratio of 5 μL mg −1 , the modified battery with a sulfur loading of 4.0 mg cm −2 delivers a specific capacity of 746.9 mAh g −1 at 0.2 C. Our studies provide a CNT-encapsulation strategy to develop transition metal-based catalytic materials for high-performance LSBs.