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]

According to The Australian Financial Review, LeapFrog's investments have an annual growth rate of more than 40% to about 83 million consumers.[13]

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.
  13. ↑ Jonathan Shapiro (27 May 2016). "The good capitalist - lunch with LeapFrog's Andy Kuper". The Australian Financial Review. Retrieved 24 August 2016.
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