LeapFrog Investments Raises $1.15 Billion in Fourth Fundraising Cycle

LeapFrog Investments Raises $1.15 Billion in Fourth Fundraising Cycle

– LeapFrog closed Fund IV with $1.02 billion in commitments and designated co-investments, surpassing the $1 billion target.

– Includes $808 million in primary fund commitments and $210 million in pre-allocated co-investments.

– Accelerates high-impact healthcare and financial services companies in global growth markets.

– Partnership with Prudential Financial to invest in African financial services firm Alexander Forbes Inc.

– Launch of a new climate investing strategy focused on green tools and technologies across Africa and Asia.

– Institutional limited partners include Temasek, AIA, Prudential Financial, and development financial institutions such as the European Investment Bank (EIB) and the U.S. International Development Finance Corporation.

– Additional commitments from organizations like Sumitomo Mitsui Trust Bank, Van Lanschot Kempen, Eli Lilly and Company, Ford Foundation and IMAS Foundation.

– Strong support from existing investors, alongside new investors from markets such as Singapore, China, Japan, Austria, Norway, Oman, and Turkey.

– Fund IV aims to support 100 million emerging consumers and producers; already impacted 24 million people through five initial investments.

– Key Investments: Redcliffe Labs, Sun King, bolttech, Electronica Finance Limited, and Auxilo Finserve Private Limited.

Andrew Kuper, Founder and CEO: Highlighted LeapFrog’s success in a challenging fundraising environment and its commitment to combining strong returns with positive impact.

Dominic Barton, Chairman: Emphasized the role of investors in scaling high-growth, impactful businesses and building future economic resilience.