The Wall Street Journal recently reported that 22 private equity fund managers visited Cambodia in May to scope out potential investment opportunities. However, given Cambodia's reputation as a frontier emerging market with weak business laws and corruption, finding enough suitable investments to absorb several hundred million dollars may prove to be a challenge. Nevertheless, Leopard Capital is seeking to raise US$100 million for its Leopard Cambodia Fund. The fund will seek out small and medium sized investments in a broad range of sectors such as financial services, infrastructure development, agro-industry, health care, tourism, human resource development, hotels, and property. Meanwhile, the Cambodia Emerald Fund which split from Leopard in 2007, is also aiming to raise US$100 million.