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.
Esta historia es de la edición December 03, 2024 de The Straits Times.
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Esta historia es de la edición December 03, 2024 de The Straits Times.
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Pistachio power
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Malaysian writer Dina Zaman's work is based on interviews with activists and individuals of various stripes
Book Talk Entrepreneur Simon Wong reads physical books as they never run out of batteries
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Several star players will be absent, some countries won't play at their main stadium
Scheduling debacle is an own goal for unilateral AFF
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No longer a Stamford Bridge over troubled Water
In this season of surprise developments, Chelsea are bucking expected trends. Wasn't the club supposed to be an irretrievable mess, a billion-pound Frankenstein squad constructed at the whims of stateside naifs copy and pasting American sports business practices onto English Premier League football?
Arsenal want to be more than just Corner kings
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WE NEED TO BREAK CYCLE: ANGE
Postecoglou vows to 'bring success' after Spurs fans criticise their erratic form
MERSEYSIDE DERBY OFF DUE TO STORM
Final Premier League clash at Goodison Park postponed following severe wind warning
