Leopard Investment Fund (LIF), a fund which wants to invest in local equity will be launched in Sri Lanka in early January and thereafter it will start investing in unlisted firms, according to officials.“LIF is a private equity fund for US$ 100 million which will focus on investing in Sri Lankan firms that are not listed,” Ranjith Fernando, Chairman LIF told the Sunday Times FT.
He said Leopard Capital Cambodia, a similar fund which raised money in Cambodia has joined hands with LIF to raise money here.
He noted that LIF is focusing on tourism, infrastructure, agricultural value addition (tea, rubber based related firms to invest. “The inaugural “Leopard Sri Lanka Investment Forum 2009' (on November 20-21 in Colombo), will showcase the potential growth areas in this island's economy and introduce the investors to some of the most influential Sri Lankans who would charter Sri Lanka's growth story,” he noted.
He said that after the war many international investors see a lot of potential in Sri Lankan firms.
“Clearly the next decade of growth belongs to Asia and other emerging economies. At the end of the next decade Sri Lanka will emerge as one of the countries that outperform most emerging economies in terms of investor returns. That is the reason it is timely for us to enter the market now,” he noted. |
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