Deals
Eduardo Saverin’s B Capital Eyes $2.5 Billion for Newest Fund
- Vehicle targets growth-stage startups with a tech focus
- Founded in 2015, firm seeks a fund triple size of prior fund
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B Capital Group, an investment firm led by Facebook co-founder Eduardo Saverin, is seeking $2.5 billion for its third fund dedicated to backing technology-driven companies, according to a memo sent to limited partners this week.
“We have already started to warehouse investments for this new fund,” Saverin’s B Capital co-founder Raj Ganguly wrote in the memo reviewed by Bloomberg News, which outlined plans for a first close of the vehicle in December and January.