- Tembusu Partners, a private equity fund, has invested $1 million in esports organization RSG
- RSG is one of the up-and-coming Southeast Asia esports teams with a strong projected growth
- Tembusu completed the investment through its FrontSight Capital Fund and is happy to be among the first movers in the esports space
Esports in Southeast Asia gain another monetary jab, with Tembusu Partners investing $1 million in prominent esports organization RSG.
RSG Gets Financial Boost by Private Equity Fund
Private equity fund Tembusu Partners is betting on esports with a new investment worth $1 million into Singapore-based esports organization RSG. The investment has been carried through Tembusu Partner's FrontSight Capital Fund and reflects the growing interest in the segment across Southeast Asia, another hub for esports beyond the ecosystem's traditional bastions in North America and China.
Through FrontSight, managed by William Cao and Dennis Liu, the equity fund is hoping to add to the growing interest for esports in the region as well as secure early dibs on some of the most successful and talented organizations currently operating.
Cao shared his confidence that the move was the right call for the equity fund, as Southeast Asia's esports sector is still young but already shows great promise. Furthermore, Cao said that his fund was happy to be among the first movers in the space, adding:
“Across Southeast Asia, we see many young and untapped esports organizations that are well-positioned to expand regionally and globally.”
Building on Success, Boosting Reach
The investment will help RSG to expand globally, adding to its talent pool and making sure that it engages with bigger audiences. The organization has already debuted teams in several categories, including Mobile Legends, Call of Duty, PUBG, and Warcraft, with players clocking a total of over 200 tournaments collectively.
RSG is focusing on Vietnam, Malaysia, and Singapore as its key markets but is also targeting other potential opportunities for growth. According to the company, it's hoping to launch new competitive divisions and reach 150 million gaming fans in Southeast Asia this year alone.
RSG founder and chief executive Jayf Soh added that the organization is looking to scale up and diversify, putting sustainable growth in the center of what it does along with new technologies and more.
“We are excited about this new milestone as we gear up to put RSG on the global map of esports in the near future.”
This coincides with the projected growth targets for Southeast Asia in terms of esports engagement and audiences. Newzoo, a research firm, projects that esports in Southeast Asia will grow by an expected 24% per year through 2023.