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.

Bu hikaye The Straits Times dergisinin December 03, 2024 sayısından alınmıştır.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

Bu hikaye The Straits Times dergisinin December 03, 2024 sayısından alınmıştır.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

THE STRAITS TIMES DERGISINDEN DAHA FAZLA HIKAYETümünü görüntüle
Iran Speeding up enrichment Of uranium to near weapons grade
The Straits Times

Iran Speeding up enrichment Of uranium to near weapons grade

MANAMA/VIENNA - Iran is \"dramatically\" accelerating its enrichment of uranium to up to 60 percent purity, close to the roughly 90 percent level that is weapons grade, UN nuclear watchdog chief Rafael Grossi told Reuters on Dec 6.

time-read
3 dak  |
December 08, 2024
Romania's scrapping of election over interference could inspire rest of EU
The Straits Times

Romania's scrapping of election over interference could inspire rest of EU

Move raises political expectations in bloc, may spell trouble for all social media firms

time-read
4 dak  |
December 08, 2024
TikTok's American future hangs by a thread after court upholds ban
The Straits Times

TikTok's American future hangs by a thread after court upholds ban

Fate of app will lie with Trump if it finds a way to postpone ban's effective date

time-read
6 dak  |
December 08, 2024
Musk spent over a quarter of a billion dollars to help elect Trump
The Straits Times

Musk spent over a quarter of a billion dollars to help elect Trump

WASHINGTON - Entrepreneur Elon Musk spent over a quarter of a billion dollars to help Donald Trump win November's presidential election, according to new filings, underscoring the influence one of the world's wealthiest people had on 2024's White House race.

time-read
1 min  |
December 08, 2024
Kelantan devastated by floods as Malaysia prepares for 'second wave'
The Straits Times

Kelantan devastated by floods as Malaysia prepares for 'second wave'

More heavy rain expected from Dec 8 to 14; this year's deluge set to be worst in a decade

time-read
4 dak  |
December 08, 2024
Having 3 kids is the coolest
The Straits Times

Having 3 kids is the coolest

China ramps up push for more babies, but are couples biting?

time-read
4 dak  |
December 08, 2024
The Straits Times

Frustration, anger for protesters as bid to impeach Yoon fails

Gasps of frustration. Shouts of rage. Tears. Many of the tens of thousands of protesters outside South Korea's Parliament were overcome with emotion on Dec 7, as a presidential impeachment motion failed.

time-read
2 dak  |
December 08, 2024
S. Korea's embattled President staggers on after failed impeachment
The Straits Times

S. Korea's embattled President staggers on after failed impeachment

Yoon increasingly isolated amid scandals, pushback from opposition, rifts within party

time-read
4 dak  |
December 08, 2024
2 women injured after car plunges into mall's basement carpark
The Straits Times

2 women injured after car plunges into mall's basement carpark

Two women, aged 61 and 91, were taken to hospital after their car plunged head first into the basement carpark of Queensway Shopping Centre on Dec 7.

time-read
1 min  |
December 08, 2024
Fact-checkers enlisting AI to detect fake news ahead of GE2025
The Straits Times

Fact-checkers enlisting AI to detect fake news ahead of GE2025

An outfit of fact-checkers is enlisting artificial intelligence (AI) and calling for more volunteers to help verify news sent in by WhatsApp users, in anticipation of a surge in fake news in the lead-up to the general election in 2025.

time-read
4 dak  |
December 08, 2024