Singapore's B Capital hits first close of second fund at $406m

Singapore's B Capital hits first close of second fund at $406m

B Capital co-founder Eduardo Saverin. Photo: Bloomberg

Singapore-based B Capital Group, a global tech fund which counts Facebook co-founder Eduardo Saverin as a founding partner, has made the first close of its second fund with $406.1 million in commitments, according to its US Securities and Exchange Commission (SEC) filing.

The filing did not provide details of the composition of the investors in the initial close but B Capital said the fund – B Capital II LP – has so far attracted 62 investors since its launch on March 22, 2019. It did not specify a closing date nor a funding amount target.

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