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.
Denne historien er fra December 03, 2024-utgaven av The Straits Times.
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Denne historien er fra December 03, 2024-utgaven av The Straits Times.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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Monaco starlets have quality to trouble Arsenal
PARIS - Monaco go into their Champions League encounter with Arsenal on Dec 11 having enjoyed a fine start to the season at home and in Europe, led by the latest exciting talent to come through the club's academy, Eliesse Ben Seghir and Maghnes Akliouche.
Hearing for City's case ends, verdict in 2025
LONDON - Manchester City's long-awaited hearing into 115 breaches of English Premier League rules has concluded, according to reports on Dec 9, but a verdict is not expected until 2025.
EUROPEAN EMPHASIS ESCALATES FOR CITY
With EPL title defence in tatters, they turn attention to Juventus in Champions League
Climate concerns over 3-continent World Cup
PARIS - The 2030 World Cup will send dozens of football teams and hordes of fans criss-crossing the globe for matches on three continents, sparking alarm over the environmental cost.
Saudi scores in goal to 'humanise football' in series
RIYADH - A new Netflix series on Saudi football features packed stadiums and top-flight talent, but whether it can curb criticism of Riyadh's bid to host World Cup 2034 is a question.
BOWEN DROPS THE HAMMER ON WOLVES BOSS
O'Neil closer to exit after his second-bottom side fall 2-1 at West Ham in EPL's 'El Sackico'
Win a cow, fish and chickens at half-marathon
A half-marathon in China's north-east province of Jilin has announced an unusual selection of prizes, with the first over the line winning a cow and other runners getting wild fish, geese or roosters, in a bid to attract more participants and promote local produce.
Orlando's team spirit key against Milwaukee
The quarter-finals of the NBA (National Basketball Association) Cup get under way on Dec 10 (Dec 11, Singapore time), with the Milwaukee Bucks hosting the Orlando Magic to kick things off.
COACH WANTS TIGHTER DEFENCE FOR KNICKS
New York overcome Toronto but Thibodeau seeks improvement ahead of NBA Cup quarter-finals
World No. 1 Sabalenka is WTA Player of the Year
LONDON - Aryna Sabalenka has been voted the WTA Player of the Year for the first time after the Belarusian won two Grand Slam titles and secured the year-end world No. 1 ranking, the governing body of women's tennis said.