Leopard Capital - Press Release | July 16, 2012
|
Douglas Clayton, CEO of
Leopard Capital and Rachel Robbins, Vice President and General Counsel of IFC
sign IFC’s commitment to Leopard Haiti Fund at IFC Headquarters, Washington,
DC |
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.