Leopard Capital, an investment manager specializing in frontier markets, has held a first close of US$20 million for the Leopard Haiti Fund (LHF). The fund has secured commitments of US$8.5 million from International Finance Corporation, US$8.5 million from the Netherlands Development Finance Company (FMO) and US$3 million from the Multilateral Investment Fund, a member of the Inter-American Development Bank Group. LHF seeks to raise US$40 million to US$75 million in total commitments and plans to make long-term equity and quasi-equity investments in Haitian private enterprises focused on food processing, tourism, affordable housing and renewable energy.