AltAssets
29/01/2009
Cambodia-focused private equity and real estate firm Leopard Capital has strengthened its team with the appointment of Scott Lewis as a managing partner and Chan Sophal as an investment manager.
From 1993 to 1996 and 1999 to 2008, Lewis worked in Merrill Lynch's Global Energy & Power Group, providing investment banking services to energy clients globally. During his time away from Merrill Lynch, he worked for First Reserve, an energy-focused private equity firm and the Sterling Group Inc., a petrochemical and agribusiness-focused private equity firm.
Sophal is a Cambodian citizen and president of the Cambodian Economics Association. He is an agricultural economist and, in his new role, will focus on investment opportunities for agriculture projects. Sophal has previously worked as a senior research manager for the Cambodian Development and Research Institute and held positions with the World Food Programme, the World Bank and with the Prek Leap Agriculture College.
Leopard Capital is currently raising a $100m fund which, to date, has around $23m in committed capital and is expected to hold a final close in April. In May last year, the Leopard Cambodia Fund agreed to acquire a 24 per cent equity stake in Cambo Fund, which is developing a residential property project in Siem Reap, Cambodia, for around $1.8m.
Referring to the fund's future investments, Thomas Hugger, a managing partner at Leopard capital, said, "We think that there will be two to three additional investments made in the next few weeks - we have cash and are benefitting from considerable lower valuations due to the global financial crisis."
Last year, the firm reportedly competed to buy a stake in Acleda Bank, one of Cambodia's largest banks.
29/01/2009
Cambodia-focused private equity and real estate firm Leopard Capital has strengthened its team with the appointment of Scott Lewis as a managing partner and Chan Sophal as an investment manager.
From 1993 to 1996 and 1999 to 2008, Lewis worked in Merrill Lynch's Global Energy & Power Group, providing investment banking services to energy clients globally. During his time away from Merrill Lynch, he worked for First Reserve, an energy-focused private equity firm and the Sterling Group Inc., a petrochemical and agribusiness-focused private equity firm.
Sophal is a Cambodian citizen and president of the Cambodian Economics Association. He is an agricultural economist and, in his new role, will focus on investment opportunities for agriculture projects. Sophal has previously worked as a senior research manager for the Cambodian Development and Research Institute and held positions with the World Food Programme, the World Bank and with the Prek Leap Agriculture College.
Leopard Capital is currently raising a $100m fund which, to date, has around $23m in committed capital and is expected to hold a final close in April. In May last year, the Leopard Cambodia Fund agreed to acquire a 24 per cent equity stake in Cambo Fund, which is developing a residential property project in Siem Reap, Cambodia, for around $1.8m.
Referring to the fund's future investments, Thomas Hugger, a managing partner at Leopard capital, said, "We think that there will be two to three additional investments made in the next few weeks - we have cash and are benefitting from considerable lower valuations due to the global financial crisis."
Last year, the firm reportedly competed to buy a stake in Acleda Bank, one of Cambodia's largest banks.
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