Temasek among cornerstone investors for LeapFrog's latest fund
The Straits Times|December 03, 2024
Temasek is among the cornerstone investors for the latest fund from LeapFrog Investments, a private equity firm that focuses on sustainability-related investments in emerging markets.

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.

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FLERE HISTORIER FRA THE STRAITS TIMESSe alt
Scottish artist Jasleen Kaur wins 2024 Turner Prize
The Straits Times

Scottish artist Jasleen Kaur wins 2024 Turner Prize

Scottish artist Jasleen Kaur won the prestigious Turner Prize on Dec 3 as the British contemporary art award celebrated its 40th anniversary.

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1 min  |
December 06, 2024
Billboard defends choosing Beyonce over Taylor Swift as greatest pop star of 21st century
The Straits Times

Billboard defends choosing Beyonce over Taylor Swift as greatest pop star of 21st century

Billboard has come out to defend why it picked Beyonce over Taylor Swift as the biggest pop star of the century, amid mass backlash from Swifties.

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2 mins  |
December 06, 2024
The Straits Times

Realistic Harry Potter sword replicas recalled in Japan

TOKYO - Harry Potter sword replicas sold at a theme park in Japan have been recalled for being too authentic, potentially violating the anti-weapons law, Warner Bros Studios Japan and media have said.

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1 min  |
December 06, 2024
Chiung Yao known for romance works
The Straits Times

Chiung Yao known for romance works

Famed Taiwanese romance novelist Chiung Yao (right) has died in a suspected suicide on Dec 4. She was 86.

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2 mins  |
December 06, 2024
Minion Land to officially open in Universal Studios Singapore on Feb 14
The Straits Times

Minion Land to officially open in Universal Studios Singapore on Feb 14

The wait is almost over. Universal Studios Singapore (USS) at Resorts World Sentosa (RWS) announced on Dec 5 that the highly anticipated Minion Land will officially open to the public on Feb 14, 2025.

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1 min  |
December 06, 2024
Happy to play granny
The Straits Times

Happy to play granny

Local actress Hong Huifang, 63, stars in Taiwanese drama Breeze By The Sea as an oyster farmer in her 70s

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3 mins  |
December 06, 2024
The teeny tiny T-shirt is back again
The Straits Times

The teeny tiny T-shirt is back again

NEW YORK - Ms Lauren Caruso had never really bought into the idea of dressing for one's body type. \"It's incredibly limiting,\" she said, adding that the concept is just code for wanting \"to look thinner or taller or attempt to reinforce other Eurocentric beauty standards\".

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3 mins  |
December 06, 2024
Spreading body positivity through fashion
The Straits Times

Spreading body positivity through fashion

GUANGZHOU - Surrounded by racks of colourful dresses and blazers in China's manufacturing hub of Guangzhou, plus-size clothing brand owner and influencer Amanda Yao is on a mission to promote body positivity.

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2 mins  |
December 06, 2024
SINGAPORE BAG
The Straits Times

SINGAPORE BAG

Aupen founder Nicholas Tan was initially told he would not make it because he did not have the right qualifications, but his bag brand has gone viral and is now collaborating with LVMH's artisanal arm Metiers d'Art

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8 mins  |
December 06, 2024
Motivated Song leads Sailors to ACL2's last 16
The Straits Times

Motivated Song leads Sailors to ACL2's last 16

South Korea-born midfielder Song Ui-young showed Singapore coach Tsutomu Ogura just what he will be missing with a clinical hat-trick to help Lion City Sailors beat Thailand's Port FC 5-2 at the Jalan Besar Stadium on Dec 5.

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3 mins  |
December 06, 2024