Emerging markets fund manager LeapFrog Investments held the initial close for its second fund at US$204m.
Supporter included MetLife Inc., Prudential (USA), XL Group, Achmea, PartnerRe and Swiss Re, JPMorgan Chase & Co., Christian Super and TIAA-CREF, CDC, DEG, the European Investment Bank, FMO, and Oikocredit.
Led by Andrew Kuper, President and Founder, LeapFrog Investments focuses on insurance and adjacent financial services such as savings, pensions, and payments, and brings deep operational expertise and value-add to its portfolio companies.
The fund aims to make equity investments of up to US$60m, and will continue to focus on priority markets of Indonesia, the Philippines, India, Sri Lanka, Kenya, South Africa, Nigeria and Ghana.
FinSMEs
09/09/2013