TLDR
– B Capital raises $750 million for its second fund Opportunities Fund II
– The fund will focus on technology, healthcare, and climate tech sectors in North America and Asia
B Capital, a global investment firm, announced the close of its second fund, B Capital Opportunities Fund II, with $750 million raised from private and public pension funds, family offices, high-net-worth individuals, and sovereign wealth funds. The fund will primarily target later-stage companies in the technology, healthcare, and climate tech sectors in North America and Asia. B Capital plans to use its value-added capabilities, including a strategic partnership with the Boston Consulting Group, to support its portfolio companies. The firm has already made its first investment through a secondary purchase in Icertis, an Indian-origin SaaS company. B Capital, with over $6 billion in assets under management, has funded leading Indian startups like BYJU’S, Meesho, and Pharmeasy. Co-founder and Co-CEO Eduardo Saverin expressed optimism about backing the best founders in the portfolio and closely following entrepreneurs in the challenging private tech landscape.
