LeapFrog Investments Closes USD 1.15 B in Fund IV

LeapFrog Investments, an impact-focused investment firm, has announced closing its fourth fund (Fund IV), securing USD 1.15 B in commitments and designated co-investments. The fund includes USD 808 M in primary commitments and up to USD 210 M in pre-allocated co-investments to accelerate healthcare and financial services in growth markets.

Fund IV’s cornerstone investors include institutional entities such as Temasek, AIA, and Prudential Financial, as well as development finance institutions like the European Investment Bank and the U.S. International Development Finance Corporation. Other notable contributors include Sumitomo Mitsui Trust Bank, Van Lanschot Kempen, Eli Lilly and Company, the Ford Foundation, and the IMAS Foundation.

The fund has also drawn new investors from diverse markets, including Singapore, China, Japan, Austria, Norway, Oman, and Turkey. These partnerships aim to expand LeapFrog’s impact investing footprint globally.

Fund IV targets supporting 100 million emerging consumers and producers and has already impacted 24 million people through its initial investments. One notable Fund IV African portfolio company, Sun King, has provided 118 million people with access to solar energy, helping households save over USD 7.2 B in energy costs and reducing reliance on biomass, kerosene, and diesel generators.

LeapFrog’s focus on healthcare, financial services, and climate solutions aligns with its mission to drive commercial success while creating meaningful global impact.