https://techcrunch.com/2018/10/30/hillhouse-capital-vmg-partners-new-100m-fund/

The food and beverage market is having a moment as venture capital money sloshes around looking for its high-potential startups.

Hillhouse Capital, the China-based investment fund that counts Airbnb, Uber, Baidu, and Tencent and several other tech heavyweights in its portfolio, has set up a $100 million fund with San Francisco-based private equity firm VMG Partners. The new vehicle is targeting consumer brands with a global reach and “differentiated” offerings, such as organic food.