B Capital said to have closed secondary strip sale of top assets from Fund 1

B Capital said to have closed secondary strip sale of top assets from Fund 1

Singapore. Photo by Devansh Bhikajee on Unsplash

Singapore and US-based venture capital firm B Capital Group has completed a secondary transaction on its $360-million first fund, according to sources aware of the matter.

B Capital is said to have conducted a strip sale of 5-6 of its top-performing assets into a continuation fund around the end of 2021, several industry sources told DealStreetAsia. The transaction is understood to be a partial sale which B Capital secured at a healthy premium for itself and its limited partners (LPs), the sources mentioned above added.

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