IFC considering investment in LeapFrog fund
The IFC is considering an investment of up to $50 million along with a $50 million co-investment envelope, into LeapFrog Emerging Consumer Fund IV, a $1 billion fund making growth-stage investments in healthcare and financial services businesses in Africa, South Asia and Southeast Asia.
The fund will be managed by LeapFrog Investments and will seek to take control-oriented significant minority or majority stakes in 18 to 20 opportunities with initial tickets typically in the range of between $30 million and $70 million.
LeapFrog was founded in January 2007 by Dr. Andrew Kuper, a renowned emerging markets impact investor. Dr. Kuper is supported by a team of 33 investment professionals including nine investment partners. The sponsor recently concluded a strategic partnership with Temasek, a global investment company headquartered in Singapore, whereby the latter has acquired a minority stake in LeapFrog and provided growth capital to support the expansion of the LeapFrog team across Asia and Africa.
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