Billionaire Eduardo Saverin, co-founder of Facebook Inc., speaks during an interview in Singapore, on Thursday, May 26, 2016. Saverin is reinventing himself as an Asian venture capitalist and thinks he's found a winner in little-known 99.co, a Singaporean house-hunting service founded by local wunderkind Darius Cheung. Photographer: Nicky Loh/Bloomberg

ISSUE – Fab. 09 | Facebook co-founder Eduardo Saverin’s B Capital Group closes first fund at $360M

B Capital Group, the VC fund founded by Facebook co-founder Eduardo Saverin, has closed out its first fund at $360 million (via Reuters).

The fund, which is intended to invest globally but with a focus in Asia, closed an initial $140M back in 2016. In a letter to “friends of B Capital” which we reviewed at the time, Saverin and fund co-founder Raj Ganguly, wrote that the first close had pulled in nearly 60 percent of its target money. [ Tech Crunch ]

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