The $126m first close of Ascent Fund II comes after BCG-backed B Capital secured $820m for its second growth-stage fund last year.
B Capital Group, a US-headquartered venture capital firm backed by management consulting firm BCG, has raised approximately $126m for the first close of an early-stage fund, DealStreetAsia has reported.
The firm is targeting more than $150m for the final close of Ascent Fund II, DealStreetAsia stated. A total of 30 limited partners committed to the vehicle within a fortnight, according to a regulatory filing.
The Ascent Fund II follows BCG’s success in raising $820m for its second growth-stage…
