Sunday, 3 May 2015
Last updated 2 days ago
Jul 17 2012 | 7:13am ET
Leopard Capital has completed the initial closing of a private equity fund focusing exclusively on Haiti.
The first US$20 million has been committed by the International Finance Corporation, the Netherlands Development Finance Company, and the Multilateral Investment Fund.
Leopard hopes to raise up to US$70 million for the Leopard Haiti Fund, which will invest in private enterprises in Haiti four key sectors—food processing, tourism, affordable housing and renewable energy. Most investments will focus on expanding existing businesses, including recapitalizing and rebuilding businesses damaged in the 2010 earthquake. Some of the fund’s investments will be in small and medium enterprises (SMEs) and/or start-up ventures.
The LHF will also help portfolio companies improve management capacity, worker skills, financial reporting, corporate governance and social responsibility policies.
The fund will be managed by an investment team made up of “Haitians, expatriate residents and returning members of the Haitian diaspora who have acquired skills abroad.”
Douglas Clayton, Leopard Capital’s founder and CEO, said in a statement: “We are pleased to launch Haiti’s first investment fund with the strong backing of three leading development banks. As investors we see attractive opportunities in helping Haitian businesses grow, while strengthening the country’s economic future. Leopard Haiti Fund’s success can show the world that Haiti is open for business.”
Founded in 2007, Leopard Capital specializes in frontier markets.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…