The Private Investment Funds team advised DSG Consumer Partners (“DSG”) on the formation of its third venture capital fund DSG Consumer Partners III (the “Fund”), and its related annex fund.
DSG is a Singapore-based venture capital firm focused on identifying, selecting and investing in consumer businesses in India and South East Asia. DSG is led by Deepak Shahdadpuri and is co-sponsored by the Everstone Group.
The Fund held its final closing at $65 million. The annex fund, which will invest in select companies from the previous DSG funds held its initial closing at $35 million. The Fund and the annex fund are backed by fund of funds, corporate and public pension funds, insurance companies, family offices, high net worth individuals and asset managers from US, Europe and Asia.