Facebook co-founder's VC firm in first close on US-Asia fund - update
B Capital Group, a VC firm launched by Facebook co-founder Eduardo Saverin and Raj Ganguly, formerly of Velos Partners and Bain Capital, has reached a first close on a US and Asia-focused fund, which has a full target of $250 million.
B Capital Fund has so far received $143.6 million in commitments from 18 LPs, according to a US regulatory filing. AVCJ understands that the capital was primarily raised from investors in the founders'...
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