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
The Straits Times

Singapore shares dip on cautious sentiment; STI down 0.7%

● Traders await US jobs data that will shape interest rate policy ● Yangzijiang is STI's top gainer; Singtel is biggest decliner ● Trio of local banks, regional bourses end mixed

time-read
1 min  |
December 07, 2024
Police believe teen allegedly kidnapped in Malaysia is a scam victim
The Straits Times

Police believe teen allegedly kidnapped in Malaysia is a scam victim

Singapore student was told she was being investigated for money laundering offences

time-read
2 dak  |
December 07, 2024
The Straits Times

Worker dies after being hit by parts of concrete structure at work site

He will also receive five strokes of the cane for the 'vicious and sustained attack'

time-read
4 dak  |
December 07, 2024
Mural painting, K-pop dancing: Ring in New Year closer to home
The Straits Times

Mural painting, K-pop dancing: Ring in New Year closer to home

Community participation central to Dec 31 celebrations across 17 heartland locations

time-read
4 dak  |
December 07, 2024
The Straits Times

Worker dies after being hit by parts of concrete structure at work site

A construction worker died on Dec 5 after being hit by parts of a toppling concrete structure at a work site at Pulau Seraya Power Station on Jurong Island.

time-read
1 min  |
December 07, 2024
The Straits Times

StarHub's Giga investigated over e-SIM security lapse

Telco StarHub is being investigated by the sector's regulator for failing to verify the identity of users requesting to port their Giga e-SIMs to another phone.

time-read
2 dak  |
December 07, 2024
The Straits Times

Low Tuck Kwong Foundation tops list of biggest private donors

A foundation named after Singapore-born coal tycoon Low Tuck Kwong is the top private giver in a list of Singapore's 10 biggest philanthropic organisations in terms of donations given.

time-read
2 dak  |
December 07, 2024
NKF ropes in GPs in efforts to stem rising kidney failure cases
The Straits Times

NKF ropes in GPs in efforts to stem rising kidney failure cases

Screening programme at clinics part of its ramped-up preventive health strategy

time-read
3 dak  |
December 07, 2024
United Health shooting dredges up wave of hate against insurers
The Straits Times

United Health shooting dredges up wave of hate against insurers

Americans take to social media to vent long-simmering discontent with industry

time-read
5 dak  |
December 07, 2024
The Straits Times

7-magnitude quake strikes off California, tsunami alert lifted

SAN FRANCISCO - A large 7-magnitude earthquake struck off a sparsely populated stretch of the northern California coast on Dec 5, prompting coastal towns to evacuate low-lying areas amid a tsunami warning.

time-read
2 dak  |
December 07, 2024