Belle Consumer Fund

Belle Consumer Fund is a Chinese consumer-focused investment fund that appears to operate as a follow-on investor in growth-stage deals. The bundle shows it participating in two disclosed investments: it followed on in Huoban Cloud's $40 million Series B+ round in late 2021 alongside Sequoia China and 5Y Capital , and it also followed on in skincare brand C咖's Series B round in January 2022 led by SIG, after having first backed the company at an earlier stage . The fund's name suggests a connection to Belle, the footwear and fashion retail group acquired and invested in by Hillhouse , though the bundle does not explicitly state this corporate linkage. elsewhere's corpus does not cover when the fund was established, its AUM, or its full portfolio beyond these two deals.