Singapore: B Capital Group reaches second close of $181m

Visual of B Capital Group homepage. March 2017

B Capital Group, which counts Facebook co-founder Eduardo Saverin as a founding partner, has held a second close of $181 million, according to a regulatory filing.

It raised $143.6 million a year ago and has secured capital commitments from 29 investors so far. The fund has no target amount listed. B Capital has partnered with the Boston Consulting Group and its incubation arm BCG Digital Ventures.

B Capital Group has offices in Los Angeles, San Francisco and Singapore, and was founded by Rajarshi Ganguly and Saverin, who moved to Singapore in 2011. It invests in financial services, healthcare, and transportation industries worldwide.

According to the fund, its investment themes are financial services, healthcare, and transportation industries worldwide. It aims to bridge the gap between corporations and technology-enabled startups, and targeting those ventures with at least $5 million in revenue per annum. A LinkedIn post by Saverin and Ganguly notes that “many investments across India and Southeast Asia have been focused around early-stage,” translating to their focus on growth funding.

B Capital’s last two investments were both healthcare ventures. These were an $8.1 million Series A round in Silvercloud Health and a $25 million investment in the CXA Group that it co-led with EDBI, the investment arm of Singapore’s Economic Development Board. Another Singapore-based portfolio company of the firm is logistics venture Ninja Van.

Healthcare has emerged as a safe haven investment for private equity players, with growing demand among the region’s emerging middle class, coupled with ageing demographics across East Asia, driving prospects in the healthcare and medical technology sectors.

Also Read:

Saverin’s B Capital Group leads $8.1m Series A in Silvercloud Health

Growth-stage fund B Capital Group beefs up core team

Icertis raises $25m in Series C round led by Facebook co-founder Saverin’s B Capital

 

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.