Leapfrog Fund II
The LeapFrog Fund II closed in September 2014, raising US$400 million for investing in high-growth companies that provide affordable insurance, savings, pensions and payments products for emerging consumers in Asia and Africa. The fund makes equity investments of approximately US$10-$50 million in LeapFrog’s priority markets of Ghana, Kenya, Nigeria, South Africa, India, Indonesia, the Philippines and Sri Lanka.
LeapFrog Investments is the world’s largest dedicated equity investor in emerging markets financial services, with over half-a-billion dollars assets under management. LeapFrog invests in high-growth companies across Asia and Africa that offer empowering tools such as insurance, savings and investment products to emerging consumers.
Financial Services for emerging consumers (i.e. those earning under $10 USD a day).
Asia and Africa.
LeapFrog’s portfolio companies currently reach more than 48 million people, with a potential market of more than 2 billion through emerging market consumers in Asia and Africa.
Global insurance companies, pension funds, investment firms and development finance institutions including AIG, AXA, Zurich Insurance, HESTA, Christian Super, MetLife, JP Morgan, Swiss Re, Prudential, EIB and FMO.
- Resolution Insurance, Kenya: Resolution Insurance is Kenya’s fourth largest health insurer, operating in Kenya, Tanzania and Uganda. It partners with a robust network of medical service providers across East Africa to reach emerging consumers in the health insurance space.
- Magma, India: Magma is a well-known NBFC (Non-banking Financial Company) in India whose vision is to provide finance for the masses that have been excluded by traditional finance systems. Across its 238 offices it offers finance for vehicles, construction, SMEs and housing.
- Syn Mun Kong Insurance (SMK), Thailand: SMK is a rapidly growing general insurer. It is noteworthy for its deep reach into Thailand’s rural and semi-rural population.
The Fund’s investments aim to improve financial services access to under-served emerging market consumers. Consumers with financial services access can begin lending, start small businesses, gain access to insurance and create savings, which all contribute to economic growth and capital market expansion.
The Fund pursues top-tier financial and social returns.