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.
Already a subscriber ? Giriş Yap
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.
Already a subscriber? Giriş Yap
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.
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.
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.
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.
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.
Happy to play granny
Local actress Hong Huifang, 63, stars in Taiwanese drama Breeze By The Sea as an oyster farmer in her 70s
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\".
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.
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
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.