Leopard Capital Partner Buys Out Public Equities Division

Jul 16 2013 | 8:51am ET

Thomas Hugger, a former managing partner at Leopard Capital, has bought out Leopard Capital (Hong Kong), Leopard Capital Management and the Leopard Capital Asia Frontier Fund.

Hugger, who has renamed the firm Asia Frontier Capital, will continue to manage the fund as the AFC Asia Frontier Capital Fund. The vehicle will remain focused on the Asian frontier markets of Bangladesh, Cambodia, Iraq, Laos,  Mongolia, Myanmar, Pakistan, Papua New Guinea, Sri Lanka and Vietnam.

Leopard Capital will focus on private equity investments (including its two existing p.e. funds, the Leopard Cambodia Fund and Leopard Haiti Fund) while AFC will invest exclusively in listed firms in those markets.

Said Douglas Clayton, founder and CEO of Leopard Capital, in a statement: “As our private equity platform expands rapidly we decided to take the opportunity to spin off our smaller public equities division to its manager, Thomas Hugger. This will enable the Leopard team to focus  exclusively on our core business which is providing financial and operational support to unlisted companies in frontier markets. We are pleased to have created and incubated the successful Asia Frontier Fund and are confident it will continue to perform well under Thomas Hugger’s ownership and management.”

As part of the transaction, Asia Frontier Capital has acquired Leopard’s former public equities team and is recruiting a new marketing director and research analyst.

Hugger’s investment strategy has returned 10.72% since inception in March 2012, 10.56% YTD and 19.02% on a one-year basis (all net of fees).


In Depth

Fundraising for Mid-Sized PE Funds: Should You Use a Registered B/D?

Dec 6 2016 | 7:18pm ET

When does a fund sponsor need to use a registered broker/dealer when raising capital...

Lifestyle

Trump Attends 'Villains and Heroes' Costume Party Dressed As...Himself

Dec 5 2016 | 11:16pm ET

U.S. President-elect Donald Trump attended a "Villains and Heroes" costume party...

Guest Contributor

Nowhere to Hide: Why the Future of Asset Management Depends on Innovation

Nov 15 2016 | 6:55pm ET

Information technology has reshaped the asset management industry’s periphery,...

 

From the current issue of

Since the inception of Modern Trader, a core editorial theme has centered on the wisdom and power of crowds. Editorial emphasis has focused on companies and projects engaged in the collection and analysis of information. 

AVAILABLE NOW at BARNES & NOBLE

NEWSTAND LOCATOR