Global multi-stage investment firm B Capital announced the closing of B Capital Opportunities Fund II, L.P., with aggregate capital commitments of $750 million. This is nearly double the size of its predecessor, B Capital Opportunities Fund I.
Opportunities Fund II received strong participation from existing and new investors and represents a broad global base of well-known private and public pensions, family offices, high-net-worth individuals, and sovereign wealth funds. And Opportunities Fund II will make primary and secondary investments in later-stage companies across the firm’s core sectors of technology, healthcare, and climate companies, focusing on North America and Asia.
Most of the fund will be used to identify follow-on investment opportunities in existing, high-performing B Capital portfolio companies. A portion will also invest in new investment opportunities where the firm’s value-added capabilities, such as a strategic partnership with the Boston Consulting Group (BCG), can immediately impact the company’s next growth phase.
In June 2023, the fund made its first investment through a secondary purchase in Icertis (a leading contract intelligence company and existing B Capital portfolio company). Since the firm first backed Icertis in 2017, B Capital used its platform to help Icertis connect with other strategic investors, expand into more markets, and explore organizational design structures.
KEY QUOTES:
“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. 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.”
– Raj Ganguly, Co-founder and Co-CEO at B Capital
“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. 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.”
– Eduardo Saverin, Co-founder and Co-CEO at B Capital
“We bring a founder’s mindset and a global business-building perspective to all of our portfolio company investments. Our continued partnership with Icertis exemplifies our differentiated approach to accelerating value creation – from growing a best-in-class team and supporting business development initiatives to providing strategic financial guidance.”
– Howard Morgan, General Partner and Chair at B Capital
