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 fund in June 2020.
Separately, B Capital has filed to list a special purpose acquisition company. According to another securities filing, the firm plans to raise up to $300m for its B Capital Technology Opportunities vehicle.
