Facebook co-founder Eduardo Saverin’s B Capital Group makes final close of Fund-II at $820 million

NEW DELHI: B Capital Group has made the final close of its second fund at $820 million (Rs 6,192 crore), the US and Singapore-based investment firm said late on Tuesday.

The close of fund-II means the six-year-old firm will now manage assets of about $1.4 billion across its two investment vehicles.

B Capital Group — founded by Eduardo Saverin, co-founder of social media giant Facebook, and former Bain Capital senior executive Raj Ganguly – had raised $360 million for its debut fund.

The firm typically comes in at Series B and upwards funding rounds, investing between $10 million and $60 million in B2B and B2B2C companies across sectors, including ones operating in enterprise technology, fintech, healthcare tech, consumer enablement technology, and transportation and logistics sectors.