Dechert LLP advised Singapore-based venture capital firm Openspace Ventures Pte. Ltd. in connection with the formation and closing of its second venture capital fund at the hard cap of US$135 million.
Openspace Ventures (formerly known as NSI Ventures) spun out of private equity manager Northstar in May 2018 and focuses on investments in early-stage technology companies in Southeast Asia. Openspace Ventures manages US$225 million of committed capital from a wide range of global and regional institutional investors. Dechert has worked with Openspace Ventures since its inception, including the raising of their first fund.
The Singapore-based Dechert team advising Openspace Ventures is led by financial services partner Dean Collins (Picture), and includes associates Claire Bentley and Tiffany Toh.
Law Firms: Dechert;
Clients: Openspace Ventures Pte Ltd;