Wednesday, 29 March 2017
Last updated 12 hours ago
Sep 26 2008 | 11:30am ET
Hong Kong-based private equity firm Leopard Capital is shortening the terms of its fund from 10 years to eight.
The rookie buyout fund’s management team said that after consulting its limited partners the firm agreed to change the fund’s terms. However, an option to extend the lockup for up to two consecutive one-year periods remains unchanged.
The firm said it proposed the change after realizing that a “number of viable investment opportunities being made available to the fund offers the managers a realistic expectation of achieving full investment after four, not five years.”
Leopard invests in companies and real estate positioned to benefit from Cambodia’s rapid economic growth and integration into the global economy, according to the firm. It will focus on venture, expansion, and buy-out opportunities, primarily in the financial services, retailing, construction materials, agrobusiness, tourism and property development sectors.