B Capital, a global multi-stage investment firm, today announced the close of B Capital Opportunities Fund II, L.P. (“Opportunities Fund II” or the “Fund”) with aggregate capital commitments of $750 million, nearly doubling the size of its predecessor B Capital Opportunities Fund I.
The Fund received strong participation from both existing and new investors and represents a diverse global base of well-known private and public pensions, family offices, high-net worth individuals and sovereign wealth funds.
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Opportunities Fund II will concentrate on North America and Asia while making primary and secondary investments in later-stage businesses in B Capital‘s major industries of technology, healthcare, and climate technology. The majority of the Fund will be used to find possibilities for additional investments in already-existing, highly successful B Capital portfolio firms. A portion of the Fund will also be allocated to new ventures in which the firm’s value-added skills, such as its strategic alliance with the Boston Consulting Group (“BCG”), can directly influence the companies’ next stage of expansion.
“Our strategy is to back great founders early and to support them throughout their entrepreneurial journey. We are grateful for our investors, who enable us to continue to support our companies during a time when capital remains scarce,” said Raj Ganguly, Co-founder and Co-CEO at B Capital. “With our value-add approach, we’re able to help the most innovative entrepreneurs and businesses scale at speed, expand their market reach and build industry-leading brands and companies.”
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“In this challenging environment for many private tech companies, we are pleased to have nearly doubled the capital we have available to back the best founders in the B Capital portfolio and other entrepreneurs we have closely followed,” said Eduardo Saverin, Co-founder and Co-CEO at B Capital. “We launched B Capital because of our long-term commitment to supporting founders throughout the company-building lifecycle. Our vision is to leverage our technology expertise and that of our strategic partner BCG to take these high-performing companies to the next level.”
About B Capital
B Capital is a multi-stage global investment firm that partners with extraordinary 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.
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