Dechert Advises Dymon Asia on the Close of Its US$650 Million Third Flagship Private Equity Fund

Dechert has advised Dymon Asia Private Equity (Singapore) Pte Ltd (“Dymon Asia”), an Asia-focused alternative investment manager, on the final close of its third flagship private equity fund - Dymon Asia Private Equity (S.E. Asia) Fund III, L.P. (the “Fund”). The oversubscribed Fund closed at its hard cap of US$650 million on 21 September 2022, exceeding its initial target of US$550 million.

The Fund invests in diversified mid-market companies within Southeast Asia, primarily in Singapore, Malaysia, Thailand, Indonesia and Vietnam. The Fund received subscriptions from a global institutional investor base, including multinational insurance companies, funds of funds and U.S. pension plans.

Dechert advised Dymon Asia on the structuring, legal, tax and regulatory aspects around the fund formation, while providing guidance on the negotiations of fund terms with institutional investors.

Dean Collins, managing partner at Dechert in Singapore said, “We are privileged to have been Dymon Asia’s lead legal advisor on the formation of its U.S. dollar-dominated funds since 2017. The Southeast Asian market presents attractive investment opportunities to international investors and this transaction again demonstrates our deep experience in investment funds formation in the region, leveraging the expertise of our dedicated interdisciplinary and cross-border teams.”

The Dechert team was led by Singapore-based partner Dean Collins and supported by senior associate Thomas Kim, associate Jastine Yew from the Singapore office, as well as U.S.-based partner Elizabeth Guidi and associate Guen Park, who advised on the US tax aspects.

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