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Ropes & Gray Represents B Capital Group in Second Fundraising

Practices: Asset Management, Tax

Ropes & Gray represented B Capital Group in raising $820 million for its second fund. The Fund announced its final close on June 30. The Fund will invest in growth-stage startups transforming large industries and scaling rapidly. With a portfolio of nearly 30 companies in Asia, Europe and the United States, this new fund brings the total assets under management by the firm to $1.44 billion. 

Founded in 2014 by Raj Ganguly and Facebook co-founder Eduardo Saverin, B Capital Group invests in B2B and B2B2C companies in Enterprise technology (including SaaS, infrastructure AI/ML and security), Fintech, Healthcare Tech, Consumer enablement technology, and Transportation and Logistics. Through its exclusive partnership with BCG, B Capital connects entrepreneurs and corporates to explore mutually-beneficial relationships that apply cutting-edge technologies at scale. 

The Ropes & Gray team advising on the Fund was co-led by the late Raj Marphatia and asset management partner Arthur Andersen III, and included tax partner Adam Greenwood, asset management counsel Alyssa Horton, asset management associates Alexandra Fenty, Kevin Cegan, and Anthony Lombardi, and tax associates Tom Spera and Chris Shim. 

Ropes & Gray also counseled B Capital Group on B Capital Fund, L.P., the firm’s maiden fund, which closed on Feb. 8, 2018 with $360 million.

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