The Capvent Asia Consumption Co-investment Fund (CACC), a $150m fund co-run by consumer conglomerate Unilever and Switzerland-based fund of funds Capvent, has made its first close, according to venture capital website VCCircle. The amount secured for the first close is not known. The anchor investor in the fund will be Unilever’s corporate venturing unit, Unilever Corporate Ventures (UCV), though CACC has reportedly also raised cash from institutional investors and private family offices across the USA and Europe. The fund’s focus will be on the consumer sector and its investments will be made in businesses across Asia.

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