Singapore’s Temasek Allots $500 Million for Impact Investing in LeapFrog Tie-Up
Singapore’s Temasek Holdings is committing $500 million to a partnership with private equity firm LeapFrog Investments, in what both companies said was the largest ever commitment to an impact investor.
The tie-up will take the form of a multi-fund investment by Temasek to anchor Asia and Africa-focused LeapFrog’s future funds, and the Singapore state investor will also acquire a minority stake in LeapFrog, they said in a joint statement on Tuesday.
Source: Reuters (link opens in a new window)
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