In addition to the Singapore state investor, other cornerstone investors for its fourth fund—which closed on Nov 26 with investments totaling US$1.02 billion (S$1.36 billion)—included AIA and Prudential, along with development financial institutions such as the European Investment Bank and the United States' International Development Finance Corporation.
LeapFrog also drew significant commitments from global asset managers such as Sumitomo Mitsui Trust Bank and Van Lanschot Kempen, healthcare strategic investor Eli Lilly and Company, and foundations and endowments such as the Ford Foundation and the Imas Foundation, a foundation set up by the founder of global furniture company Ikea.
The US$1.02 billion raised—out of an initial target of US$1 billion—included US$808 million of primary fund commitments and up to US$210 million of pre-allocated co-investment.
The purpose of this fund is to accelerate high-impact healthcare and financial services companies in global growth markets.
هذه القصة مأخوذة من طبعة December 03, 2024 من The Straits Times.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة December 03, 2024 من The Straits Times.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
Geely chairman Li Shufu streamlines his car-making empire
After a decade-long buying spree, Chinese car tycoon Li Shufu has begun streamlining his globe-spanning Geely empire to cut costs.
Dongfeng thinks out of Box to tap girl power
Costing less than $150,000 if all discounts are applicable, it is one of the least expensive cars in town
SHARP AND SLEEK This bachelor pad is a high-end minimalist haven
This bachelor pad is a high-end minimalist haven
FOCUS ON PRIDE OF LIONS
Ogura wants his team to feel proud of playing for Singapore at Asean C'ship
URA marks 50 years with show and books
Besides an exhibition featuring the 2024 Architectural Heritage Awards winners, it also launched four urban design guidebooks
GUARDIAN OF THE GRASS
If you stopped by the National Stadium in early March to attend one of Taylor Swift's The Eras Tour concerts, you were probably too busy enjoying the extravaganza to notice that the venue was missing its bright green pitch.
HIDDEN HEROES
Singapore's iconic attractions keep running all year round, thanks to these people working hard behind the scenes
Amorim feels clarity breeds consistency
LONDON - Manchester United manager Ruben Amorim has urged his players to be calm, as he hopes to find some consistency amid their English Premier League home clash against Nottingham Forest on Dec 7.
City ignore flak, staying in a 'bubble', says Doku
LONDON - Jeremy Doku has said that Manchester City's players are content to stay in their \"bubble\", ignoring outside criticism as they focus their energies on reigniting their English Premier League title challenge.
EXTRA INCENTIVE TO BEAT LIVERPOOL
Final Goodison league derby will fire up Everton as they aim to derail rivals' title bid