|
Laxman Pai, Opalesque Asia: LeapFrog Investments, a Profit with Purpose firm, closed its fourth fund (Fund IV), raising $1.02 billion in commitments and designated co-investments and surpassing its initial target of $1 billion.
According to a company statement impact-focused private equity (PE) firm, the fundraise includes $808 million of primary fund commitments and up to $210 million of pre-allocated co-investment to accelerate high-impact healthcare and financial services companies in global growth markets.
Alongside an additional partnership with Prudential Financial (to invest in leading African financial services firm Alexander Forbes), this brings new allocations to the firm's healthcare and financial services strategies across the recent fundraising cycle to over $1.15 billion.
Separately, LeapFrog also recently launched a new climate investing strategy to provide green tools and technologies across Africa and Asia.
Cornerstone investors for LeapFrog's latest fund include institutional limited partners such as Temasek, AIA, Prudential Financial, and development financial institutions, including the European Investment Bank and the U.S. International Development Finance Corporation.
As per the release, LeapFrog also drew significant commitments from global asset managers such as Sumitomo Mitsui Trust Bank and Van Lanschot Kempen, healthcare strategic investor Eli Lilly and Company, and foundations and endowments such as the Ford Foundation and the I...................... To view our full article Click here
|
RSS
