Opportunities Fund II closed at $750 M by global multi-stage investment firm B Capital

With total capital commitments of $750 million, B Capital, a global multi-stage investment firm, announced on Tuesday the closing of B Capital Opportunities Fund II, L.P. (Opportunities Fund II), nearly doubling the size of its predecessor B Capital Opportunities Fund I.

The fund attracted significant participation from both new and current investors, according to a statement from B Capital. Its global base comprises well-known family offices, sovereign wealth funds, high-net-worth individuals, and private and public pensions.

Opportunities Fund II, according to the statement, will concentrate on North America and Asia and make primary and secondary investments in later-stage businesses in B Capital’s core industries of technology, healthcare, and climate tech.

Finding opportunities for additional investments in already-existing, highly-performing B Capital portfolio companies will be the fund’s primary objective.

The fund will allocate a portion towards fresh investment prospects wherein the company’s value-added capabilities, such as its strategic alliance with the Boston Consulting Group (BCG), can directly influence the businesses’ subsequent stages of expansion.

“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,” said Raj Ganguly, Co-founder and Co-Chief Executive Officer at B Capital.

“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,” he added.

In this difficult time for many private tech companies, B Capital’s co-founder and co-chief executive officer, Eduardo Saverin, expressed his satisfaction at having almost doubled the amount of capital available to support the top founders in the company’s portfolio as well as other entrepreneurs they have been closely monitoring.

“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,” he added.

It is mentioned that the fund made its debut investment in June 2023 by secondary buying Icertis, a contract intelligence firm that is already a B Capital portfolio company.

B Capital has utilized its value-added platform to assist Icertis in connecting with other strategic investors, breaking into new markets, and investigating organizational design structures since first supporting the company in 2017.