LeapFrog III (IFC-39431)

Regions
  • Africa
  • East Asia and Pacific
  • South Asia
Where the impacts of the investment may be experienced.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Bank Risk Rating
FI
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Jun 15, 2017
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Leapfrog Emerging Consumer Fund III LP
The holder of the loan, grant, or other investment.
Sectors
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Equity
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 25.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS Aug 26, 2018

Disclosed by Bank Apr 6, 2017


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Project Description

According to IFC website, LeapFrog Emerging Consumer Fund III, LLC is a ten-year closed-end private equity fund with priority sectors that focus on the emerging consumer. The Fund is seeking to raise third party commitments to make mid-market growth capital investments into financial services and healthcare investments that target Africa, South Asia and Southeast Asia. The Fund will make equity and quasi-equity investments averaging US$25 to 30 million, with one-third of the Fund focused on the healthcare segment and two-thirds on financial services investments. The Fund will be managed by LeapFrog Investments Group, a growth capital and profit-with-purpose investor with an emerging consumer strategy and demonstrable proprietary pipeline and local networks.

Investment Description
  • International Finance Corporation (IFC)
Private Actors
  • Leapfrog Emerging Consumer Fund III LP -- Financial Intermediary
  • LeapFrog Investments -- Fund Manager

The Fund Manager is LeapFrog Investments Group, a global growth capital and social-purpose investor with an emerging consumer strategy with portfolio companies in Sub-Saharan Africa, South Asia and Southeast Asia. The LeapFrog portfolio investments have reached over 91 million people, of which over 74 million are low-income. LeapFrog has made 18 investments with operations in 21 countries, and the Fund will be leaning on lessons learned from predecessor funds. The leadership team is comprised of former managing directors of impact and financial services companies, and emerging market experts, with a senior investment team that has 250 combined years of financial services and healthcare experience. The team is based in South Africa, Singapore and the UK. Dr. Andrew Kuper (founder and CEO) was one of the pioneers of the ‘profit with purpose’ business model, and has proven entrepreneurship and investment experience.

LeapFrog Emerging Consumer Fund III, LLC is a ten-year closed-end private equity fund with priority sectors that focus on the emerging consumer.

 

Contact Information

Project Contact: Nick Moon
Partner, LeapFrog Investments Group 
Telephone No.: +44 131 297 7415
Email Address: nickmoon@leapfroginvest.com
Website: leapfroginvest.com

ACCOUNTABILITY MECHANISM OF IFC

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