Openspace Ventures Pte. Ltd.’s Second Venture Capital Fund $135 Million Fundraising

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.

Involved fees earner: Dean Collins – Dechert; Claire Bentley – Dechert; Tiffany Toh – Dechert;

Law Firms: Dechert;

Clients: Openspace Ventures Pte Ltd;

Author: Michael Patrini