Miguel Cordon · · 2 min readB Capital onboards BCG, ex-Temasek execs to help hit net-zero goals
B Capital founders Raj Ganguly (left) and Eduardo Saverin / Photo credit: B Capital
Fresh off the close of its new US$750 million fund, B Capital has made two new appointments to its executive team.
The investment firm, established by Facebook co-founder Eduardo Saverin, has named Rich Lesser as vice chair of climate and sustainability as well as senior advisor. It has also appointed Jeff Johnson as general partner.
Lesser serves – and will continue to serve – as global chair of Boston Consulting Group, having also been the company’s CEO from 2013 to 2021. He has held the chief advisor role for the World Economic Forum’s Alliance of CEO Climate Leaders.
Meanwhile, Johnson is a seasoned climate and tech expert, bringing in over 25 years of experience in the two industries. He previously served as the managing director of Temasek, and he also co-founded Xpansiv, a market infrastructure provider for environmental commodities.
These recruitments align with B Capital’s objective to finance businesses aiming at global net-zero targets. It previously invested in carbon credit platform Patch Technologies and AI-powered decarbonization solutions provider Accacia.
Notably, climate tech is one of the focus areas of B Capital’s new US$750 million fund. It will scout for funding deals in North America and Asia, with most of the amount set aside for the VC firm’s existing portfolio.
See also: VC funds tracker: B Capital, Fullerton Fund, others add $5.4b in new funds
Editing by Lorenzo Kyle Subido
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