LeapFrog, a private equity firm specializing in financial and healthcare sectors, aims to raise $1 billion for its Emerging Consumer Fund IV. This fund will target businesses in "global growth markets," particularly in Africa, with initial investments of $30 million to $70 million in 18 to 20 high-growth businesses. It has already secured backing from institutional investors like the European Investment Bank and the World Bank's IFC, with commitments from Prudential Financials, AIA Group, and Temasek, among others.

💡 The fund will focus on healthcare and financial services businesses in Africa, South Asia, and Southeast Asia, emphasizing true partnerships with the companies it supports. LeapFrog has a track record of impact investing, helping low-income consumers improve their lives through financial inclusion and healthcare, recognizing the vast opportunities in these sectors.

📈 As smartphones become more widespread among low-income populations, combined with falling data prices, digital financial services and healthcare have seen significant growth. The fund believes there is a substantial growth runway extending over many decades in these trillion-dollar opportunities.

🌟 LeapFrog's previous investments include companies like Sun King, Redcliffe Labs, Jumo, Interswitch, Goodlife pharmacy, and Pyramid Group, covering various aspects of financial and healthcare services.

#Investment #Africa #Asia #FinancialServices #Healthcare #ImpactInvesting #TrillionDollarOpportunities

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