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Howard Morgan teams with Facebook co-founder

Howard Morgan

Howard Morgan today announced that he has agreed to become chairman of B Capital Group, a global growth equity firm led by Facebook co-founder Eduardo Saverin and former Bain Capital investor Raj Ganguly.

Why it matters: Morgan has a Midas touch when it comes to new investment firms, from Renaissance Capital to Idealab to First Round Capital. His part-time role at B Capital Group is more focused on firm operations than investment, but he's hoping to continue the streak.