Openspace Ventures rebrands as Openspace Capital, launches two new funds

The equity growth offering seeks to tap MAS’ EQDP, while the private credit strategy presents companies with more options for capital

Venture capital firm Openspace Ventures has rebranded as Openspace Capital, and is launching two new funds focused on equity growth and private credit.

The equity growth market fund, called the Orbit Listed Growth Fund, intends to tap the Monetary Authority of Singapore’s (MAS) Equity Market Development Programme (EQDP). It will be launched in partnership with Australian fund manager Perennial Partners, with the aim to get companies to list on the Singapore Exchange (SGX).

Shane Chesson, founding partner of Openspace Capital, noted that Perennial brings in “perspectives from another market with some comparability, which is the Australian Securities Exchange (ASX), but with a busier initial public offering (IPO) pipeline”.