Harneys advises Global Brain on Global Brain Flagship Fund IX

30 Dec 2024

Harneys acted as the offshore counsel to Global Brain in connection with the establishment of Global Brain Flagship Fund IX. The primary focus is to acquire minority interests in early-stage technology Japanese startups. This initiative marks Global Brain's inaugural global fundraising exercise.

The size of Global Brain Flagship Fund IX is approximately ¥32.5 billion, which equates to roughly US$210 million.

Global Brain is an independent venture capital firm headquartered in Tokyo, Japan, dedicated to revolutionising industries by providing comprehensive, hands-on support for startups and fostering open innovation with major corporations. It manages over US$2 billion in assets and has more than 400 active portfolio companies.

The Harneys team was led by Partner Yucheng Fan, with support from Counsel Jacquelyn Wong and Senior Paralegal Ada Xie. Allen & Gledhill LLP served as the legal adviser on matters related to Singapore and international law, while Mori Hamada & Matsumoto provided legal counsel on Japanese law.

Harneys’ Investment Funds team advises on all aspects of the life of a BVI, Cayman, Cyprus, or Luxembourg fund, including formation, restructuring, and closure, both in distressed and planned scenarios. The firm’s funds lawyers sit side-by-side with the funds team from its strategic alliance partner, Harneys Fiduciary, allowing Harneys to provide integrated legal and administrative support to its funds clients.

For further information, please get in touch with the Harneys team at Byfield Consultancy.

Harneys advises Global Brain on Global Brain Flagship Fund IX

Authors