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…

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