Leopard Capital spins out public equities division

Hugger was previously a managing partner with Leopard Capital and led the setup and day to day management of these entities.

Leopard Capital Management will be renamed Asia Frontier Capital (AFC) and will continue to manage LAFF under the new name "AFC Asia Frontier Fund".

The deal marks a strategy shift for Leopard, which will focus exclusively on managing private equity investments in frontier economies, while AFC will invest exclusively in public equities.

The fund's investment strategy is to invest in listed equities of companies that have their principal business activities in high-growth Asian frontier markets of Bangladesh, Cambodia, Iraq, Laos, Mongolia, Myanmar, Pakistan, Papua New Guinea, Sri Lanka, and Vietnam. It focuses primarily on investments in consumer, financials and infrastructure stocks.

When LAFF was established in 2012, the minimum investment was said to be $100,000 with a focus on larger and more liquid stocks and earnings growth and valuation as the key drivers for returns.The fund has so far returned 10.72% since inception, 10.56% year to date and 19.02% on a one year basis (net fees).

Leopard Capital currently manages two private equity funds, the $34 million Leopard Cambodia Fund, launched in 2008, and the Leopard Haiti Fund which had a first close at $20 million in July last year.

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Save this article  
• Send to  

• Topics
• Buyout
• Spin outs
• PIPE