HomeUSAB Capital Closes Opportunities Fund II, at $750M

B Capital Closes Opportunities Fund II, at $750M

b capital

B Capital, a NYC-based global multi-stage investment firm, closed B Capital Opportunities Fund II, L.P. with aggregate capital commitments of $750m.

The fund, which nearly doubled the size of its predecessor B Capital Opportunities Fund I, received participation from both existing and new investors representing a diverse global base of private and public pensions, family offices, high-net worth individuals and sovereign wealth funds.

Opportunities Fund II will make primary and secondary investments in later-stage companies across B Capital’s core sectors of technology, healthcare and climate tech, with a focus on North America and Asia.

The majority of the vehicle will seek to identify follow-on investment opportunities in existing, high-performing B Capital portfolio companies. A portion of the fund will also invest in new investment opportunities, where the firm’s value-added capabilities, including its strategic partnership with the Boston Consulting Group, can have an immediate impact on the companies’ next phase of growth.

In June 2023, the fund made its first investment through a secondary purchase in Icertis, a contract intelligence company and existing B Capital portfolio company.

Founded in 2015, by Co-CEOs Raj Ganguly, and Eduardo Saverin, and also led by Howard Morgan, General Partner and Chair, B Capital is a multi-stage global investment firm that partners with entrepreneurs to shape the future through technology. With more than $6 billion in assets under management across multiple funds, the firm focuses on seed to late-stage venture growth investments, primarily in the Technology, Healthcare and Climate Tech sectors. B Capital leverages an integrated team across nine locations in the U.S. and Asia, as well as the consulting expertise of its strategic partner, the Boston Consulting Group, to provide the value-added support entrepreneurs need to scale fast and efficiently, expand into new markets and build exceptional companies.

VCWire

19/03/2024