Leapfrog’s New Fund to Double Down on Financial and Healthcare Sectors in Africa and Asia
By Annie Njanja
LeapFrog Investments, a private equity firm that is keen on the financial and healthcare sectors, plans to raise $1 billion for a new fund targeting businesses in “global growth markets,” including Africa.
The Emerging Consumer Fund IV is set to hold a final close in February next year having already secured the backing of several institutional investors, including the European Investment Bank (EIB) and World Bank’s IFC, which have committed $60 million and $50 million, respectively.
Photo courtesy of Edward Howell.