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Reading: B Capital Secures $750M for Second Opportunities Fund
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VC

B Capital Secures $750M for Second Opportunities Fund

Rary Maharani
Last updated: March 25, 2024 2:55 am
Rary Maharani
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  • B Capital secures $750M for second Opportunities Fund, nearly doubling its predecessor’s size.
  • The fund will support existing portfolio companies and new ventures.
  • B Capital’s partnership with BCG will provide portfolio companies access.

Contents
An ambitious partnership for next-level growthDefying the odds

B Capital, co-founded by Facebook’s Eduardo Saverin, has secured $750 million for its second Opportunities Fund. The fund, nearly double the size of its predecessor, will invest in later-stage companies in the tech, healthcare, and climate tech sectors across North America and Asia.

The majority of the fund will support B Capital’s existing portfolio, including Carro, Kopi Kenangan, and VNG.

An ambitious partnership for next-level growth

The new fund will also back new ventures that can benefit from B Capital’s strategic partnership with the Boston Consulting Group. This collaboration grants B Capital’s portfolio companies access to BCG consultants and advisors worldwide.

Saverin emphasized the importance of leveraging their technology expertise and BCG’s support to propel high-performing companies to the next level.

Defying the odds

The Opportunities Fund II made its first investment in June 2023, a secondary purchase in US contract intelligence firm Icertis, a B Capital portfolio company since 2017. A diverse global base of sovereign wealth funds, family offices, and high-net-worth individuals participated in the fundraiser.

Despite economic challenges, VC firms targeting Southeast Asia and India raised a record-breaking $13 billion last year, surpassing the combined total raised in 2021 and 2022.

In addition to the Opportunities Fund II, B Capital closed a $2.1 billion growth fund and a $500 million global healthcare fund last year and also welcomed a new venture partner to its climate team.

To read the original article: https://www.techinasia.com/eduardo-saverin-b-capital-closes-fund-750m

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