B Capital Group was founded in 2015 by Facebook co-founder Eduardo Saverin, former Bain Capital investor Raj Ganguly, and ARPANET pioneer Howard Morgan, built from inception around a genuinely multinational approach rather than a U.S. firm that later expanded abroad. Its defining structural feature is a strategic partnership with Boston Consulting Group, giving portfolio companies direct access to BCG's consulting expertise and global client relationships whenever founders want it. That platform has scaled from a $360 million first fund in 2018 to $9 billion under management today, and the firm's ambitions have grown correspondingly - leading a 2026 investor consortium with CalPERS to acquire Russell Investments, a legacy asset manager overseeing more than $400 billion, shows B Capital moving well beyond traditional venture-stage investing.
Leading a 2026 investor consortium with CalPERS to acquire Russell Investments, a nearly century-old asset manager overseeing more than $400 billion - a rare case of a venture-founded firm taking control of a legacy financial institution