Leopard Capital is pleased to announce the successful initial closing of Leopard Haiti Fund (LHF). LHF is the world’s first private equity fund to operate and focus exclusively on Haiti since the 2010 earthquake.
The fund seeks to raise USD 40 to 75 million to invest in businesses in Haiti. The first USD 20 million of this target has now been committed by three international development banks:
- $8.5 million by International Finance Corporation (IFC);
- $8.5 million by Netherlands Development Finance Company (FMO), through MASSIF, a dedicated fund for SME development that FMO manages for the Dutch State;
- $3.0 million from the Multilateral Investment Fund (MIF), member of the Inter- American Development Bank (IADB) Group.
Leopard Capital will now commence LHF’s investment activities while continuing to approach investors globally and locally to increase the size of the fund. Leopard Capital is concurrently raising a donor-funded technical assistance facility to finance capacity development initiatives within LHF’s portfolio companies.