Investment Firm Backed By Top American Universities Partners With ‘Socialist’ China-Backed Fund.

Hillhouse Capital – a private equity firm funded by America’s top universities and is invested in companies including Zoom and Apple – struck a $1.5 billion deal with a Chinese Communist Party-owned investment fund. Hillhouse Capital partnered with the “wholly state-owned” Hangzhou Capitol on a billion-dollar fund “to invest in sectors including artificial intelligence, semiconductors, and new energy vehicles,” according to Chinese state-run media outlet China Global Television Network (CGTN). Hillhouse Capital, which was funded with $20 million in seed capital from the Yale University Endowment, is reported to be backed by America’s most prestigious universities. Following a Stanford University