Interested in this fund?
Log in or create an account to request more information.
Gain a deeper and comprehensive understanding of how this fund generates positive impact in the themes and SDGs that matter to you, with insights provided by our dedicated team of expert analysts, and receive notifications about new available impact products, exciting investment opportunities, and relevant updates in the world of impact investing.
Fund geography
Emerging countries (256) / Latin America and the Caribbean (38) / Caribbean (8) / Dominican Republic (4)
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.
Asset class
Fund status
Fund style
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
Interested in this fund?
Log in or create an account to request more information.
Gain a deeper and comprehensive understanding of how this fund generates positive impact in the themes and SDGs that matter to you, with insights provided by our dedicated team of expert analysts, and receive notifications about new available impact products, exciting investment opportunities, and relevant updates in the world of impact investing.
Asset manager
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: Cayman Islands
Product status: Open - post first close
Style/Stage: Early Stage, Growth Stage
Inception year: 2012
Vintage year: 2012
Target region: Caribbean, Dominican Republic, Emerging countries, Latin America and the Caribbean
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: LPs have priority, With LPs and non-LPs
Currency of investments: USD (US Dollar)
Currency for fund / product figures: USD (US Dollar)
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
If you wish to have your details removed from this database please email gdpr@impactyield.com
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.