Form D · Private Equity Fund

DSF2 LP

South Norwalk, CT · CIK 0001844705

Offering snapshot reported Feb 4, 2022 · SEC filing

Reported sold: $50M
Investors reported: 27
Minimum accepted: $0
First sale: Jan 15, 2021

Fundraising history

Reported sold

Dates are filing dates, not cash receipt dates. Decreases are reported revisions, not evidence of withdrawals. Separate offering histories are not added together.

What changed?

Latest filing versus its linked predecessor, where available.

No comparable changes in the displayed metrics.

Filing history

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Filed	Filing type	Reported sold	Change vs linked filing	Investors	Source
Feb 4, 2022	Amendment	$50,000,000	$0vs Feb 5, 2021	27	SEC filing
Feb 5, 2021	Initial	$50,000,000	No comparison	27	SEC filing

Offering details

Securities: Equity, Pooled investment fund
Exemptions: 06b, 3C, 3C.1
Duration over one year: Yes
Business combination: No

Sales commissions: $0 (estimated)
Finders' fees: $0 (estimated)
Form D file number: 021-388637

Sales compensation recipients

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Recipient	CRD	Associated broker-dealer
Morgan Stanley	149777

Source: Form D, filed Feb 4, 2022. Minimum accepted may differ from a standard advertised minimum.

Fund connections

Each card uses that adviser's latest imported filing. Filing dates can differ; these disclosures do not confirm a current relationship.

Matched by reported Form D file number

DSF2 LP

Investment adviser: DISCOVERY CAPITAL MANAGEMENT, LLC

Gross asset value: $37M
Beneficial owners: 27
ADV minimum commitment: $5M

Reported in Form ADV on Mar 31, 2026. Fund assets and beneficial owners measure different things from Form D sales and investors.

Service providers

Fund administrator INTERNATIONAL FUND SERVICES (N.A.) LLC BOSTON, Massachusetts, United States Investor statements: Yes (provided to all investors) Related to adviser: No Other funds reporting this name →

Auditor PRICEWATERHOUSECOOPERS LLP NEW YORK, New York, United States Other funds reporting this name →

Custodian MORGAN STANLEY & CO. LLC NEW YORK, New York, United States Related to adviser: No Other funds reporting this name →

Custodian STATE STREET BANK AND TRUST COMPANY BOSTON, Massachusetts, United States Related to adviser: No Other funds reporting this name →

Prime broker MORGAN STANLEY & CO. LLC NEW YORK, New York, United States Other funds reporting this name →

Provider details

Annual audit: Yes
Prime brokers: Yes
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: No

PRICEWATERHOUSECOOPERS LLP
PCAOB 238

MORGAN STANLEY & CO. LLC
SEC 8-15869

STATE STREET BANK AND TRUST COMPANY
LEI 571474TGEMMWANRLN572

MORGAN STANLEY & CO. LLC
CRD 8209 · SEC 8-15869

Fund asset history · 5 annual observations

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Fiscal year	Gross assets	Beneficial owners	ADV filed
2021	$37,641,283	27	Mar 31, 2022
2022	$29,590,140	27	Mar 31, 2023
2023	$17,523,730	27	Mar 28, 2024
2024	$19,986,126	27	Mar 28, 2025
2025	$37,021,548	27	Mar 31, 2026

Filing source

Form ADV 2050019 · Mar 31, 2026 · Schedule D 7.B.(1), fund 805-9582484748

Reported by DISCOVERY CAPITAL MANAGEMENT, LLC (CRD 161263).

Annual Updating Amendment for Registered Adviser · fiscal year 2025.

Official IAPD profile (latest public filing). Historical values on this page come from the SEC/IAPD filing archive; the public profile may show a newer filing.

People & organizations

Current and past Form D appearances. These existing records do not establish a person's current role or uniquely identify them across issuers.

People and organizations reported in Form D filings
Name	Reported role
Discovery Capital Management Llc	Executive, Promoter
Dsf2 Gp Llc	Executive, Promoter

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:

20 Marshall Street, Suite 310
South Norwalk, CT, 06854