Global multi-stage investment firm B Capital has closed its later-stage venture investments vehicle Opportunities Fund II with capital commitments of $750m, nearly doubling the size of its predecessor B Capital Opportunities Fund I.
Fund II, which attracted commitments from private and public pensions, family offices, high-net worth individuals and sovereign wealth funds, will make primary and secondary investments in companies across technology, healthcare and climate tech, with a focus on North America and Asia.
The fund will also identify follow-on investment opportunities in B Capital’s existing portfolio companies, as well as new investment opportunities bolstered by the firm’s partnership with the Boston Consulting Group.
In a statement, Eduardo Saverin, Co-Founder and Co-CEO at B Capital, said: “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.”
Last June, Fund II made its first investment through a secondary purchase in contract intelligence company and existing portfolio company Icertis.
