Apex Group expands relationship with leading venture capital fund

en

Apex Group Ltd. (“Apex” or “The Group”), a global financial services provider, today announces the expansion of its business relationship with DSG Consumer Partners, a leading investor in growing consumer businesses in India & Southeast Asia.

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28/06/2022 |
  • Mahesh Doorgakant (002)

    Mahesh Doorgakant, Managing Director, Mauritius at Apex Group

Founded in 2012, DSG Consumer Partners invests in early-stage growth businesses, partnering with founders to help build the next generation of world-class consumer brands in India & Southeast Asia.

DSG Consumer Partners has recently appointed Apex in Mauritius and Singapore to provide fund solutions to its fourth fund, Singapore-domiciled DSG Consumer Partners VCC. As a trusted business partner, Apex will be expanding its mandate with DSG Consumer Partners to support this new fund in Singapore, via its single-source solution delivered by local experts.

The launch of Singapore’s VCC structure in 2020 has driven a significant increase in investment flows coming into the jurisdiction and has helped to propel it firmly onto the global stage as a destination of choice for many fund managers and family offices. Apex’s team of locally based professionals are experienced in supporting global asset managers - such as DSG Consumer Partners – who are looking to access Singapore via the VCC structure.

Apex was initially appointed by DSG Consumer Partners in 2019 to provide a range of transfer agency, fund accounting, taxation, corporate secretary, compliance and directorship services to DSG Consumer Partners’ fund vehicles. Since this time, Apex has supported DSG Consumer Partners with the establishment and launch of three new funds, with leading technology platforms and expert advice providing efficiency, consistency and full compliance.

Mahesh Doorgakant, Managing Director, Mauritius at Apex Group comments: “We are delighted to continue our relationship with DSG Consumer Partners, with this appointment to service their latest fund acting as a testament to the excellent work of our team to date. With its global footprint, Apex has been able to provide seamless fund solutions across multiple jurisdictions for DSG Consumer Partners’ funds located in Mauritius and Singapore. DSG Consumer Partners’ investment model is built on strong partnerships to drive growth – an ethos which we share.”

Deepak I. Shahdadpuri, Managing Director, DSG Consumer Partners further adds: “Apex has played an important role in supporting the growth of our business over the last three years, providing consistently high levels of attention and client service. We particularly value the depth and breadth of experience and quality of advice the Apex teams offer, and we look forward to working with both Singapore and Mauritius offices as they administer our latest fund.”

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