Leopard Capital to launch $50 million Cambodia- and Laos-focused fund

The fund, slated to be launched by Q1 next year, follows a $34 million Cambodia-focused fund that will reportedly be fully invested by the end of the year. Though its newest vehicle will be primarily Cambodia-focused, approximately 30% of the fund's capital will be allocated to Laos. "Laos is too small to have a fund by itself, but it's a priority country for certain investors, so it makes sense to put Cambodia and Laos together - there's a lot of parallels between the two," Leopard's Chief Investment Officer Scott Lewis told Cambodian media.

The firm reportedly sought returns of 25-30% from its first fund's investments, but has tempered its expectations for the second fund as the latter will focus on different industries. The first fund allocated much its capital to real estate targets while the second will slant more toward sectors such as agriculture, financial services and renewable energy. It further aims to commit more than $5 million to each of its investees.

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• Southeast Asia