B Capital Group appoints Sheila Patel as Vice Chairman as they continue global expansion into China and Asia

Sheila Patel joins the team as the global firm continues to invest in the digitization of large traditional industries

JULY 21, 2021, San Francisco — B Capital Group, a global, multi-stage investment firm founded by Raj Ganguly, Eduardo Saverin, Howard Morgan and Kabir Narang, today announced the appointment of their new Vice Chairman, Sheila Patel, to their executive leadership team. She joins the firm as B Capital continues to bolster its global presence and expansion into China.

Sheila joins B Capital from Goldman Sachs, where she was Chairman of Goldman Sachs Asset ​Management. Sheila will bring her global investment experience to the team as the firm continues to invest in the digitization of large traditional industries. The last two decades have been about the rise of the consumer internet, and the next two decades will be about digital transformation in traditional industries like healthcare, banking, insurance and industrials. Sheila joins Raj, Eduardo, Howard and the rest of the B Capital team as they help the most exciting companies across these sectors grow and scale.

Through its unique strategic partnership with BCG, B Capital provides hands-on guidance and resources to help its portfolio companies rapidly scale while giving founders access to BCG’s extensive corporate network and resources. B Capital recently announced its formal launch in China and expanded investment activity in India and Indonesia, two of the fastest-growing technology hubs in Asia. Founded in 2015, B Capital has more than $3.5B AUM, six offices worldwide and invests in innovation globally.

“I have observed B Capital’s growth and progress for some time. They truly appreciate how technology is rapidly digitizing industries such as healthcare and financial services, and these are areas that I am particularly passionate about. Their global presence and deep sector expertise helps them find companies that are the future.” said B Capital Vice Chairman Sheila Patel. “The partnership with BCG is really exciting as it brings two worlds together by connecting founders to industry experts to guide them through the pivotal points in their growth. Global connectivity is essential for growth, and I’m delighted to be joining a team that is truly international in their vision and commitment.”

“Attracting a well-known global leader like Sheila to the executive committee is a testament to the strength of B Capital Group’s global reach. Sheila brings a wealth of experience to the firm, having managed trillions of dollars of assets in her prior role at Goldman Sachs Asset Management,” said B Capital Co-Founder and Managing General Partner Raj Ganguly. “I am delighted to welcome Sheila to the firm, and I am looking forward to working with her to support innovation globally.”

“B Capital Group is proud to work with some of the most talented entrepreneurs globally. Sheila brings an unrivaled network and deep knowledge of the markets that our portfolio companies operate in. We value her expertise and are excited to support her as she partners with our founders.” said B Capital Co-Founder Howard Morgan. “Sheila has extensive experience managing global teams and making impactful investments, and there is no person better placed to help lead the B Capital team.”

Sheila brings thirty years of experience in financial markets and investment. Sheila served on Goldman Sachs’ Firmwide Management Committee, Partnership Committee, the Inclusion & Diversity Committee, and led ESG and Sustainability initiatives for GSAM, among other leadership responsibilities. Over her years with the firm, she held leadership roles in two divisions and on three continents, managing a variety of businesses globally during her career.

In her role as Vice Chairman of B Capital, Sheila will leverage her experience of managing trillion dollar funds on a global scale to strategize on where and how the firm should invest.

About B Capital Group

B Capital Group is a global firm specializing in multi-stage investing in companies that are transforming large traditional industries across borders and geographies. Leveraging a global team of seasoned investor-experts and an exclusive partnership with BCG, B Capital Group helps startups navigate business challenges, raise capital, and attract talented leadership at key points of their journeys to scale. We invest in Enterprise technology (e.g. consumer enablement technologies, enterprise application software, infrastructure, security), Fintech and Insurtech, Industrial and Transportation, and HealthcareTech and Bio IT. Our portfolio includes global, high-potential and market-leading companies like Atomwise, Bounce, Centivo, Evidation Health, Icertis, Innovacer, Khatabook, Kopi Kenangan, Ninja Van, Payfazz, SilverCloud Health, Synack, Ula, and YaloChat. For more information, visit http://www.bcapgroup.com/.