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Leopard Haiti Fund, LP

Cayman Islands

Last updated 12 May 2020, by Impactyield.

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Leopard Haiti Fund LP (“LHF”) was established by Leopard Capital in 2012 as the first private equity fund for Haiti. LHF seeks long-term capital appreciation through a diversified portfolio of SME investments in Haiti.

The Fund prioritizes four main sectors: Food Processing, Tourism, Affordable Housing and Renewable Energy, while investing opportunistically in other sectors. LHF supplements investment capital with operational support, helping to develop management expertise, improve worker skills, and enhance standards of corporate governance, financial transparency, accounting, and environmental and social management.

LHF invests through minority equity positions or structured investments that combine senior debt with participation in a company’s success through EBITDA or revenue-based royalties or equity warrants.

An investment team based in Haiti manages the Fund, with active support from Leopard Capital's global team. Leopard Capital gained frontier market investment experience through managing Leopard Cambodia Fund, which was launched in 2008 as Cambodia's first private equity fund. This fund has made 14 investments in Cambodia, Laos, and Thailand in sectors such as agriculture, rural banking, microfinance, water and electricity transmission, among others

Leopard Capital seeks to transfer successful business models and investment practices to developing countries across geographies in order to generate returns, stimulate development, and reduce poverty.



Financial description

The Fund invests in SMEs across a range of sectors, including agriculture, food processing, affordable housing, construction materials, renewable energy, hotels, financial services, telecommunications, health care, education, and retailing.
The Fund holds minority equity, and hybrid mezzanine or senior debt-based investments with participation features. The Fund primarily targets existing companies requiring expansion capital while selectively considering some early stage ventures.

12 years

of track record

2012

the year funded

75,000,000 USD

AUM

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Asset manager

Leopard Capital

Website

Headquarters location:

SDG goals

SDG targets

Equal rights to ownership basic services technology and economic resources

Safe and affordable housing

Universal access to safe and nutritious food

Universal access to modern energy

Promote policies to support job creation and growing enterprises

Full employment and decent work with equal pay

Increase access to financial services and markets

Key performance indicators

Fund overview

Asset manager: Leopard Capital

Product track record: Fund has 12 years of track record

Target IRR: 15%

Committed Capital: 20,000,000 USD (US Dollar)

Target return category: Risk-adjusted market-rate of return

Fund domicile:

Product status:

Style/Stage: ,

Inception year: 2012

Vintage year: 2012

Target region: , , ,

Target close date: 01/01/2014

Product term: 10 years +2x 1-yr ext

Assets under management: 75,000,000 USD (US Dollar)

Investment size: Min: 300,000; Max: 4,000,000; Avg: 2,000,000

Co-investment policy: ,

Currency of investments:

Currency for fund / product figures:

Fund investments to date: 2

Fund investments to date exited or repaid: 0

Management fee: 3%

Carried interest: 20%

Hurdle rate: 8%%

GIIN Investors' Council Investment: Yes

Limited Partners / Investors: The World Bank’s International Finance Corporation (IFC); Netherlands Development Company (FMO); The Inter-American Development Bank’s Multilateral Investment Fund (MIF)

Limited Partner / Investor Type: Development Finance Institution (DFI)

Contact

E-mail: info@leopardcapital.com

Website: http://www.leopardcapital.com

Phone number: +1 (917) 774-3384

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Reshma Alva

Associate Partner, Head of Sustainable Investing

Thierry Bungener

Managing Director

Impact Performance

n.a.

Impact thesis

In addition to generating appropriate risk-adjusted financial returns, the Fund seeks to drive positive social and environmental impact through its investments. We believe the most sustainable long-term returns are derived through seeking a “triple bottom line,” whereby profits are achieved, livelihoods are improved and the environment is preserved. Haiti is a country with exceptionally high unemployment and environmental degradation challenges, despite years of official development assistance and charitable efforts. The country needs a stronger economic base in order to progress. The Fund aims to provide a positive demonstration effect for other investors as a catalyst for Haiti’s economic development.

Impact Management

n.a.

Financial benchmark

Term Description:

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