B Capital Group’s $820 Million Fundraising


Ropes & Gray represented B Capital Group in the deal.

B Capital Group raised $820 million for its second fund.

The Fund will invest in growth-stage startups transforming large industries and scaling rapidly. With a portfolio of nearly 30 companies in Asia, Europe and the United States, this new fund brings the total assets under management by the firm to $1.44 billion.

Founded in 2014 by Ganguly and Facebook co-founder Eduardo Saverin, B Capital Group invests in B2B and B2B2C companies in Enterprise technology (including SaaS, infrastructure AI/ML and security), Fintech, Healthcare Tech, Consumer enablement technology, and Transportation and Logistics. The firm typically invests between $10 and $60 million in companies at Series B, C and D stages that are positioned for rapid expansion.

The Ropes & Gray team advising B Capital Group on the Fund was co-led by the late Raj Marphatia (Picture) and asset management partner Arthur Andersen III, and included tax partner Adam Greenwood, asset management counsel Alyssa Horton, asset management associates Alexandra Fenty, Kevin Cegan, and Anthony Lombardi, and tax associates Tom Spera and Chris Shim.

Involved fees earner: Arthur Andersen III – Ropes & Gray; Kevin Cegan – Ropes & Gray; Alyssa Clough Horton – Ropes & Gray; Alexandra Fenty – Ropes & Gray; Adam Greenwood – Ropes & Gray; Anthony Lombardi – Ropes & Gray; Raj Marphatia – Ropes & Gray; Chris Shim – Ropes & Gray; Thomas Spera – Ropes & Gray;

Law Firms: Ropes & Gray;

Clients: B Capital Group;

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Author: Ambrogio Visconti