Source: AltAssets
Cambodian private equity firm Leopard Capital has closed its maiden fund on $34.1m, having attracted over 100 investors from around the world.
Leopard Cambodia Fund initially closed in April 2008 and has since made five investments representing over 40 per cent of its capital. The fund’s portfolio thus far includes rice production business Cambodia Plantations, mobile telecommunications company CamGSM, beer brewer Kingdom Breweries, power transmission firm Greenside Holdings, and residential property developer Angkor Residences. Leopard expects the fund to be fully invested by the end of the year.
Douglas Clayton, CEO of Leopard Capital, said, “It was challenging to raise a first-time fund like this during a global financial crisis but we think the timing will turn out to be very fortunate. The volume and quality of investment proposals we’re getting has exceeded our expectations, and we’re pleased with the diversified portfolio we’re building. We hope that the performance of Leopard Cambodia Fund will help change global perceptions about investing in Cambodia.”
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