Leopard Capital

Leopard Capital LP is a private equity and venture capital firm founded in 2007 and based in the Cayman Islands, with representative offices in Phnom Penh, Cambodia, and Petion-Ville, Haiti. The firm specializes in early-stage venture, expansion, and pre-IPO investments, focusing on pre-emerging economies and overlooked frontiers. Its investment strategy targets sectors such as financial services, affordable housing, renewable energy, agribusiness, and food and beverage. In addition to managing multiple private equity funds, including the Leopard Cambodia Fund and Leopard Haiti Fund, Leopard Capital offers advisory services to startups that utilize innovative business models and disruptive technologies to tackle global challenges. The firm is dedicated to fostering economic growth in regions that are often overlooked by traditional investment approaches.

Douglas Clayton

Founder and CEO

Past deals in Laos

DFDL

Venture Round in 2011
DFDL is an integrated legal and tax advisory firm established in 1994, headquartered in Vientiane, Laos. The firm offers a comprehensive range of services, including legal, tax, and investment advisory in various sectors such as banking, finance, aviation, technology, and real estate. Its expertise encompasses corporate transactions, dispute resolution, compliance and investigations, employment and labor issues, as well as restructuring and insolvency. Additionally, DFDL serves clients in industries such as fintech, health tech, manufacturing, agriculture, and infrastructure, providing tailored solutions to meet their specific needs.

Electricite du Laos

Private Equity Round in 2011
Electricite du Laos (EDL) is a state-owned corporation established in 1961 and located in Vientiane, Laos. Operating under the Ministry for Energy and Mines, EDL is responsible for the generation, transmission, and distribution of electricity throughout the country. The company manages electricity imports into its grid and oversees exports from its generation stations. In addition to its operational functions, EDL plays a key role in project development, serving as the implementing agency for government hydropower projects. For independent power producer (IPP) projects, EDL acts as the government’s shareholder, assuming responsibility for projects after the execution of shareholders' agreements and the closure of project loans.

Acleda Bank

Private Equity Round in 2010
ACLEDA Bank Plc., together with its subsidiaries, provides various banking and financial services to citizenry, and small and medium size enterprises primarily in the Kingdom of Cambodia and Lao People’s Democratic Republic. Its deposit products include savings, demand deposit, current, fixed deposit, corporate deposit, Euro flex, securities, individual retirement, health savings, and education savings accounts, as well as trust accounts for real estates. The company’s loan portfolio comprises micro business loans, small business loans, medium business loans, overdraft, personal loans, overdraft facility for depositors, revolving credit line, credit line, housing loans, home improvement loans, car loans, student loans, and motorbike loans, as well as credit cards and trade loans. It also offers various cash management services consisting of bank confirmation, cashier's cheque, payroll service, distributor/cash collection, supplier payment, cash consolidation accounts, standing order/direct debit, traveler’s cheque, foreign cheque purchase, bank draft, safe box service, tax payment service, vehicle tax stamps sale, forward exchange contract, and foreign exchange; and trade finance services, such as documentary collection, documentary credit, and bank guarantee services. In addition, the company provides e-banking, funds transfers, and life insurance services; securities brokerage services; and training and consultative services in banking and finance sectors. It provides its services through 238 offices, 152 ATMS, and 904 POS terminals in the Kingdom of Cambodia, as well as 28 offices in Laos. ACLEDA Bank Plc. was founded in 1993 and is headquartered in Phnom Penh, the Kingdom of Cambodia.
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