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Haiti - Economy : dloHaiti, first investment of Leopard Haiti Fund LP 13/05/2013 10:18:58
dloHaiti will establish a network of wells serving water kiosks that will dispense and deliver water to households in 5-gallon jugs. The kiosks will be powered by solar cells and will contain high technology filtration systems. dloHaiti’s water will exceed WHO health standards and be priced at a 25% - 40% discount to other water sources. The Company’s for-profit model will initially create over 600 jobs and save Haitian consumers more than US $400,000 annually in water expenditures. Leopard Haiti Fund LP’s investment will help finance dloHaiti’s business and product development, infrastructure deployment, and domestic market expansion. Rilwan Meeran, Managing Partner and Chief Investment Officer of Leopard Haiti Fund LP, commented "dloHaiti brings world-class entrepreneurs, technology and know-how to address some hard, persistent problems in providing basic services in Haiti. We like the market-driven model and would like to see this type of investment expanded in Haiti [...]." Jim Chu, the CEO of dloHaiti, added "We’re excited to have the support of the Leopard team in Haiti. They’re here with boots on the ground and understand the local market. They also share our philosophy that business investment in frontier markets such as Haiti can have high social impact while providing a solid return to investors." Learn more about dloHaiti, Inc. dloHaiti is led by a team of Haitian and Silicon Valley entrepreneurs with experience in the water business including water kiosk operations in Haiti. Its shareholders include its Founder, Jim Chu, Leopard Haiti Fund, International Finance Corporation’s IFC InfraVentures Fund, and the Netherlands Development Finance Company (FMO). In March 2013, dloHaiti was named a finalist and runner-up in Imagine H2O’s annual international competition recognizing the world’s most promising water start-ups. Learn more about Leopard Haiti Fund LP : Leopard Haiti Fund LP was launched in July 2012 as the first private equity fund for Haiti, initially raising US $20 million from the World Bank’s International Finance Corporation (IFC), the Netherlands Development Finance Company (FMO), and the Inter-American Development Bank’s (IDB) Multilateral Investment Fund. The Fund invests in small and medium-sized businesses that are vital to job creation, economic development, and Haiti’s continuing recovery from the 2010 earthquake. Priority sectors include food processing, affordable housing, renewable energy, and tourism. Leopard Haiti Fund LP is managed by Leopard Capital which has a branch office in Port-au-Prince, Haiti. Learn more about Leopard Capital : Leopard Capital LP manages investment funds in frontier markets. The Group was founded in 2007 by Douglas Clayton as a partnership of financial professionals with decades of investment experience in emerging markets. In addition to Leopard Haiti Fund, Leopard Capital LP also manages two other funds: Leopard Cambodia Fund, Cambodia’s first private equity fund which has made 14 investments in telecommunications, consumer goods, agriculture, financial services, and renewable energy, and Leopard Asia Frontier Fund, a frontier public equities fund launched in May 2012. Leopard Capital LP is domiciled in the Cayman Islands and its subsidiary company is licensed and regulated by the Hong Kong Securities & Exchange Commission. See also : https://www.haitilibre.com/en/news-6159-haiti-economy-leopard-haiti-fund-lhf-confirms-its-first-$20-million.html https://www.haitilibre.com/en/news-5300-haiti-economy-leopard-haiti-fund-will-invest-millions-of-dollars-in-the-haitian-private-sector.html HL/ HaitiLibre
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