LeapFrog Investments

LeapFrog Investments
Private
Industry Private equity, Financial services,[1] Alternative investments[2]
Founded 2007
Founders Andrew Kuper (Founder and CEO), Jim Roth[3](Co-founder and Partner)
Headquarters Port Louis, Mauritius
Areas served
Africa and Asia
Services Investments, Technical and Management Support
Website www.leapfroginvest.com

LeapFrog Investments is a private equity investment company in emerging markets financial services, focusing on investments for emerging consumers in Africa and Asia.[4] It has attracted over $1 billion from global investors since its inception in 2007, including funds from original investors JP Morgan, George Soros' Open Society Foundations and Pierre Omidyar's Omidyar Network.[5][6][7] The investment firm benefited from former US President Bill Clinton's endorsement during his Global Initiative Conference in 2008.[8] The company is headquartered in Port Louis, Mauritius.[5]

LeapFrog has investments in Ghana, Kenya, Nigeria, South Africa, Thailand, Indonesia and India.[9] It raised its first fund of $135 million in 2009 to invest in insurance and related financial services companies.[10] In September 2014, LeapFrog Investments announced $400 million USD raised for its second fund.[4] OPIC, the U.S. government’s development finance institution, committed to invest up to $200 million USD in December 2015, the largest investment commitment by OPIC to any impact fund manager.[11] In January 2016, Prudential Financial invested $500 million USD with the firm.[5] LeapFrog makes "profit with purpose" investments in financial companies in high-growth markets such as Bima, a mobile insurance provider for low income customers in Asia, India and Africa.[12]

See also

References

  1. Rosenberg, Tina (6 June 2012). "The Microinsurance Revolution". The New York Times. Retrieved 16 February 2016.
  2. Clark, Simon (22 January 2016). "Prudential Financial to Invest $350 Million in African Insurers". Wall Street Journal. Retrieved 16 February 2016.
  3. Bahree, Megha (8 September 2011). "Shriram, LeapFrog Jump Into Microinsurance". Wall Street Journal. Retrieved 16 February 2016.
  4. 1 2 Cranston, Stephen (24 October 2013). "Leapfrog Investments raises second fund". Financial Mail. Retrieved 16 February 2016.
  5. 1 2 3 "LeapFrog Investments Snags $500 million from Prudential for Fintech in Africa". Australian Financial Review. 24 January 2016. Retrieved 16 February 2016.
  6. Saldinger, Adva (18 December 2015). "Impact investing firm breaks a billion". Devex Impact. Retrieved 16 February 2016.
  7. Sirimanna, Bandula. "Soros presence seen boosting more foreign investment". Sunday Times. Retrieved 16 February 2016.
  8. Chassany, Anne-Sylvaine (8 September 2014). "LeapFrog Attracts $400 million with Chance to do Good". Financial Times. Retrieved 16 February 2016.
  9. Renee Bonorchis (26 February 2015). "LeapFrog Buys $25 Million Stake in AFB Mauritius in Fourth Deal". Bloomberg Business. Retrieved 16 February 2016.
  10. Kannan, Shilpa (29 September 2011). "Could impact investing help India's poor?". BBC. Retrieved 16 February 2016.
  11. "US Govt's OPIC commits $200 million in LeapFrog Investments". Business Standard. 11 December 2015. Retrieved 16 February 2016.
  12. Chonghaile, Clár Ní (23 September 2015). "Investments with social benefit doing big business in developing countries". The Guardian. Retrieved 16 February 2016.
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