IFC is considering an investment of up to US$50 million along with a US$50 million co-investment envelope, into LeapFrog Emerging Consumer Fund IV, L.P. (“Fund”), a US$1 billion fund making growth-stage investments in healthcare and financial services businesses in Africa, South Asia and Southeast Asia. The Fund is registered as a limited partnership and it holds a Global Business License (“GBL”) from the Financial Services Commission of the Republic of Mauritius.The Fund will seek to take control-oriented significant minority or majority stakes in 18-20 opportunities with initial tickets typically in the range of between US$30 and US$70 million. The Fund will be investing solely in healthcare and financial services businesses
The Fund will be managed by LeapFrog Investments Group Ltd (the “Fund Manager”), a private company incorporated under the laws of Mauritius. The Fund’s sponsor is LeapFrog IV Emerging Consumer GP, LP (the “Sponsor”). LeapFrog was founded in January 2007 by Dr. Andrew Kuper, a renowned emerging markets impact investor. Dr. Kuper is supported by a team of 33 investment professionals including 9 investment partners. The Sponsor recently concluded a strategic partnership with Temasek, a global investment company headquartered in Singapore, whereby the latter has acquired a minority stake in LeapFrog and provided growth capital to support the expansion of the LeapFrog team across Asia and Africa.
Head of Investor Relations
C/o AXIS Fiduciary Ltd, 2nd Floor, The AXIS, 26 Bank Street Cybercity, Ebene 72201, Mauritius
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