Leopard Fund Prowls For Private Equity Deals In Cambodia

A Hong Kong-based private equity firm is raising a fund to invest in a country infamous for its genocidal Communist regime but now looking forward to the opening of its first stock exchange next year.

Leopard Capital has completed an initial closing of the Leopard Cambodia Fund, which has a target size of US$100 million and an expected lifespan of 10 years. The fund has won commitments from investors in Europe, the U.S. and Asia.