Leopard Capital LP is a private equity firm founded in 2007, 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 in pre-emerging economies and overlooked frontier markets, specifically focusing on Cambodia and Haiti. It manages several funds, including the Leopard Cambodia Fund and Leopard Haiti Fund, and targets sectors such as financial services, affordable housing, renewable energy, agribusiness, and food and beverage. Additionally, Leopard Capital offers advisory services to startups that leverage breakthrough technologies to tackle global challenges, thereby enhancing the economic landscape in these regions.
Veerhouse Voda is a construction company focused on creating lightweight, environmentally sustainable buildings in Haiti and beyond. Founded in 2011, the company is headquartered in New York and operates in Port-au-Prince, Haiti. Veerhouse Voda specializes in the design and construction of various structures, including homes, hospitals, schools, and emergency shelters, utilizing a building system that requires less material and energy compared to traditional methods. Their innovative use of engineered steel framing, expanded polystyrene, and specialized mortars allows for the rapid construction of disaster-resistant and cost-effective residences and commercial buildings. By providing low-cost housing solutions, Veerhouse Voda aims to meet the pressing demand for quality construction in regions affected by natural disasters.
dloHaiti, Inc. is a for-profit venture dedicated to providing safe drinking water to underserved communities in Haiti. Based in Port-au-Prince, the company utilizes a decentralized water treatment and distribution system. This approach involves a network of wells that are serviced by solar-powered kiosks equipped with advanced purification systems, allowing for on-site water purification. By leveraging this innovative model, dloHaiti makes clean and safe drinking water accessible and affordable for poor rural communities, contrasting with traditional methods that rely on central treatment and truck delivery to low-income neighborhoods.
The Engage Natural Resources Group was formed in 2008 to meet the world’s growing need for industrial and household products made from natural fibres in ways that enhance local communities and the environment. Engage processes and sells value-added products under its “Engage Eco Products” brand that are made from natural Kenaf fibres, core and leaf. We combine modern logistics and processing technologies with environment-enhancing farming practices. Our plant fibre products are safe, dust and pesticide-free. They can be used for pet and animal care, and as animal feeds in your home, garden or farm. Our carbon-absorbing fibres are used by international and domestic clients as industrial absorbents in pollution control, in automotive parts, eco-construction materials, and in sound & thermal insulation. Our researchers are constantly developing new applications.
Phnom Penh Water Supply Authority provides water treatment, water supply, and delivery services in Cambodia. It serves the residential customers, as well as commercial and industrial customers, and government institutions located in the urban and various peri-urban areas of Phnom Penh and Takhmau. The company was founded in 1960 and is headquartered in Phnom Penh, Cambodia.
Kulara Water is a Cambodian company focused on the production and distribution of bottled natural mineral water sourced from the Eaukulen spring, located at the foot of Mount Kulen in Siem Reap Province. Founded by French entrepreneur Mr. B. Forey, who has extensive experience in the mineral water industry, Kulara Water taps into a deep aquifer known for its high-quality mineralization, particularly rich in calcium and magnesium. This spring is notable for being the first of its kind in Cambodia, combining natural elements with significant historical and cultural relevance. Kulara Water aims to offer a product that not only quenches thirst but also promotes health benefits, aligning its mineral content with World Health Organization recommendations.
Phuket Lager Beer is an Asian beer brand founded in 2002 in Thailand. The beer is brewed with premium German hops and high-quality Thai jasmine rice, which is added during the brewing process to enhance the beer's smoothness and aroma. It is the first Thai beer ever to win a gold medal in competition.
DFDL is an international law firm established in 1994, headquartered in Vientiane, Laos. It specializes in emerging markets and offers comprehensive legal, tax, and advisory services. The firm's practice areas encompass banking and finance, corporate and commercial law, energy, mining and infrastructure, mergers and acquisitions, and tax law. DFDL serves a diverse range of sectors, including fintech, health tech, manufacturing, agriculture, real estate, infrastructure, construction, and retail, providing expert guidance tailored to the unique challenges and opportunities in these fields.
Electricite du Laos (EDL) is a state-owned corporation established in 1961 and based in Vientiane, Laos. It operates the country’s primary generation, transmission, and distribution assets, overseeing both electricity imports and exports. As an entity under the Ministry of Energy and Mines, EDL plays a crucial role in the development of hydropower projects, acting as the implementing agency for government initiatives. In the case of independent power producer projects, EDL serves as the government’s shareholder and assumes responsibility for project management once shareholder agreements are executed and financing is secured. Through its comprehensive involvement in the energy sector, EDL contributes significantly to the electricity supply and infrastructure in Laos.
Intean Poalroath Rongroeurng Ltd. was founded in 2003 by Mr. Oknha Phou Puy and Ms. Hao Simorn to address the capital needs of rice mill entrepreneurs in Cambodia. Initially established as a credit unit under the Federation of Cambodian Rice Millers Associations, it registered with the National Bank of Cambodia in January 2005 as a rural credit operator. By July 2005, it had transitioned into a private limited liability company and received a microfinance institution license. Over time, the focus of Intean Poalroath Rongroeurng shifted from solely supporting rice mills to also providing microfinancing to small farmers engaged in various agricultural activities, such as rice, cassava, maize, and sesame production. The company’s microfinance institution license was permanently renewed in 2008, and ownership changed in 2010 when Ms. Hao Simorn transferred her shares to Mr. Oknha Phou Puy. That same year, the Leopard Cambodia Fund acquired a minority stake in the company.
ACLEDA Bank Plc. is a leading commercial bank in Cambodia, offering a wide range of banking and financial services primarily to individuals and small to medium-sized enterprises. Founded in 1993 and headquartered in Phnom Penh, the bank provides various deposit products, including savings accounts, fixed deposits, corporate deposits, and trust accounts. Its loan offerings encompass micro, small, and medium business loans, personal loans, housing loans, and student loans, as well as credit cards and trade loans. In addition to traditional banking products, ACLEDA Bank offers comprehensive cash management services, trade finance solutions, e-banking, and life insurance services. With a substantial presence in Cambodia, the bank operates through 238 offices, 152 ATMs, and 904 POS terminals, and has expanded its reach to the Lao People's Democratic Republic with 28 offices. The institution is committed to serving the financial needs of its customers while contributing to the economic development of the region.
Kingdom Breweries was established in 2009 with the vision of becoming Cambodia’s first internationally recognized premium beer brewer. The brewery is housed in a former Nestlé factory along the banks of the Tonlé Sap river in the heart of Cambodia.
CamGSM, commercially knows as Cellcard, is Cambodia’s leading and fully-integrated info-communications company, offering a full range of information, communications and entertainment services for both consumer and corporate markets. This includes a wide range of service innovations for mobile telephony from voice, messaging and international roaming services, to wireless broadband and value-added services for consumers and businesses alike. Launched in 1998, Cellcard has become Cambodia’s standard for quality, value and service and continues to be vigilant in developing new ways to support and enhance the way its customers communicate through regular network upgrades, development of innovative plans and products, and putting an emphasis on customer care.
Greenside Holdings
Private Equity Round in 2009
Greenside Holdings engages in designing and constructing rural power transmission and distribution system. The company is based in Cambodia.
Angkor Residences Ltd. is a property development company based in Cambodia that specializes in residential housing units. The company was previously known as Cambo Fund Ltd. In addition to its development activities, Angkor Residences operates La Résidence d'Angkor, a luxury boutique hotel located in Siem Reap, just ten minutes from the renowned Angkor Wat temples. This intimate hotel features 54 spacious rooms set amidst lush gardens, complete with a swimming pool and spa facilities. Its central location provides guests with convenient access to both the cultural attractions of Siem Reap and the historical sites of the Angkor Wat complex.
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