Nestlé is the main backer of the consumer investment firm's latest fund, which has a $150m target for its final close.
Packaged food producer Nestlé has contributed to the first close of a fund for China-based, consumer-focused investment firm Tiantu Capital with a $150m target for its close, DealStreetAsia reported yesterday.
Nestlé is the cornerstone investor for the fund, and the deal represents its first commitment to a China-based venture capital fund. The other limited partners include unnamed listed companies, family trusts and individuals, according to a WeChat post by Tiantu Capital.
Founded in 2002, Tiantu concentrates on investments in consumer…
