Ropes & Gray Counsels B Capital Group on Maiden Fundraise
Ropes & Gray provided legal counsel to B Capital Group in the recent fundraise of B Capital Fund, L.P., the firm’s maiden fund. The fund announced its final close on Feb, 8 at $360 million, substantially exceeding its original target.
B Capital Group is a global venture capital firm that invests in groundbreaking healthcare, fintech, industrial logistics and consumer enablement companies. B Capital Fund will continue to invest and pioneering companies across these sectors and partner with entrepreneurs.
In partnership with The Boston Consulting Group, B Capital Group, was founded in 2015 by Eduardo Saverin and Raj Ganguly.
The Ropes & Gray team advising on the fund was co-led by private investment funds partners Raj Marphatia and Ann Milner, and included private investment funds associates Lindsey Goldstein, Alexandra Fenty, and Kevin Cegan, and tax & benefits associate Tom Spera.