Bigger is Better: Ranking LA’s Biggest Funds of 2020

On December 28, 2020, dot.LA’s Ben Bergman reported on the biggest funds of 2020 in Los Angeles.

B Capital Group closed a $822 million second fund in June with Boston Consulting Group (BCG) taking the lead as anchor investor. It was more than twice as big as the firm's $360 million debut fund.

B Capital Group was founded in 2014 by Facebook co-founder Eduardo Saverin, who's based in Singapore, and Raj Ganguly, a former BCG investor who resides in Manhattan Beach.

In November, Sinai Capital Partners announced the close of its $600 million second fund, $500 million of which will go towards the tech-focused Sinai Ventures and the rest to fund movies and television shows at New Slate Ventures. All the capital comes from a reclusive German billionaire.

The firm is run by Jordan Fudge, who stands out in the overwhelmingly white and older world of VC because he is Black, openly gay and only 28-years old. With the most recent raise, he now presides over nearly a billion dollars in capital.

Westlake Village BioPartners, the two-year-old firm focusing on life science and therapeutic companies, announced this month it has raised two new funds with $500 million in dry powder.

Last month, March Capital closed a $365 million third fund, according to SEC filings. The Santa Monica venture firm focusing on enterprise software was founded by Jim Armstrong, Jamie Montgomery, Gregory Milken and Sumant Mandal in 2014.

The firm has reaped a billion dollar-plus paper return on the 6.8 million shares it holds in the cybersecurity company CrowdStrike.

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