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Laxman Pai, Opalesque Asia:

Leapfrog Investments, an impact investment firm based in London, has raised a significant share of its Emerging Consumer Fund IV targeting $1 billion and will close the fund on February 29, 2024.

LeapFrog's Fund IV is a growth equity fund that invests in rapidly scaling financial services and healthcare businesses in global growth markets, said a media release from the private investment firm that invests in high-growth financial services, healthcare, and climate solutions companies in emerging markets.

Fund IV has been backed by global category-leading investors: Temasek, a global investment company headquartered in Singapore; the leading life insurer in Asia AIA and global strategic insurance investor Prudential Financial; healthcare strategic investor Eli Lilly and Company; development finance institutions including the International Finance Corporation (the private sector arm of the World Bank Group) and the European Investment Bank; global asset managers including Van Lanschot Kempen; and endowments and philanthropies including the Ford Foundation.

Dr Andy Kuper, Founder and CEO, of LeapFrog, said: "This fundraise has shown us that impact investing as a strategy has reached the boardrooms of the world's largest asset allocators and managers in diverse industries, creating a groundswell of momentum that will deliver huge positive outcomes across emerging economies, benefiting us all."

The Fund has already completed three impact i......................

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