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
Inside S. Korea's failed martial law attempt
The Straits Times

Inside S. Korea's failed martial law attempt

SEOUL - At his confirmation hearing three months ago, South Korea's Defence Minister Kim Yonghyun rejected accusations from the opposition that he wanted to impose martial law.

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6 mins  |
December 06, 2024
Robot nurses that can monitor a patient's condition to be piloted at NUH in 2025
The Straits Times

Robot nurses that can monitor a patient's condition to be piloted at NUH in 2025

Patients at the National University Hospital (NUH) will soon be greeted by robot nurses that can guide them around the ward, deliver medicine and give instructions on how much to take.

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2 mins  |
December 06, 2024
The Straits Times

Two new e-payment methods from mid-2025 for corporate cheque users

Deadline to cease corporate cheques pushed back by another year to end-2026

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3 mins  |
December 06, 2024
S. Korean leader gets reprieve for now as ruling party seeks to block impeachment
The Straits Times

S. Korean leader gets reprieve for now as ruling party seeks to block impeachment

Police begin investigation into President Yoon's attempt to impose martial law

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5 mins  |
December 06, 2024
The Straits Times

New guidelines for caregiving boundaries between parents and kids

Do kids have the right to say 'no' to a hug?

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4 mins  |
December 06, 2024
The Straits Times

CALLIGRAPHY IS BIG WITH ARTIST

The boulders hiding in the alcove of Tong Yang-tze's (right) Taipei apartment testify to this Taiwanese calligrapher's daunting perfectionism. They are paper - remnants of discarded artworks, crumpled together like used tissues and soaked into inky wads of pulp. Hundreds of old drafts of writing, including many of her efforts to draw Chinese poetry at a monumental scale, have been recycled into these rocks over the years, most recently as she worked on her commission for the Metropolitan Museum of Art, which debuted on Nov 21.

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2 mins  |
December 05, 2024
Mattel sued over Wicked dolls with porn website link
The Straits Times

Mattel sued over Wicked dolls with porn website link

LOS ANGELES - Mattel was sued on Dec 3 by a South Carolina mother for mistakenly putting a link to a pornographic website on packaging for dolls tied to the blockbuster movie Wicked.

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1 min  |
December 05, 2024
Taiwanese musician-director Liu Chia-chang a composer of hit songs
The Straits Times

Taiwanese musician-director Liu Chia-chang a composer of hit songs

Famed veteran Taiwanese musician and director Liu Chia-chang has died at the age of 81.

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2 mins  |
December 05, 2024
Actress Kristal Tin reveals lung cancer diagnosis
The Straits Times

Actress Kristal Tin reveals lung cancer diagnosis

Former TVB actress Kristal Tin revealed on Instagram on Dec 3 that she has undergone successful surgery for lung cancer.

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1 min  |
December 05, 2024
The Straits Times

South Korean entertainment schedules up in the air

SEOUL - Schedules of performances and interviews in South Korea have been thrown into a state of uncertainty by a sudden martial law declaration that was lifted only a few hours later.

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2 mins  |
December 05, 2024