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A billion transformational dollars

Friends, 

I'm delighted to share four uplifting pieces of news with you, each of which will transform industries, countries and lives. All this news follows swiftly on LeapFrog becoming the first equity impact investor to raise over $1 billion.

Profit with purpose investing has reached new levels of scale and success. We've tried to capture the transformational implications - for innovative businesses and for millions of people in Africa and Asia - in the video alongside

 

1. $350m for Africa: A Prudential leap

In January, LeapFrog and Prudential Financial Inc., one of the world’s iconic insurance groups, announced a $350m partnership to invest in leading life insurers in Africa. Together we will focus on reaching emerging consumers, tens of millions of people seeking springboards and safety nets. Read more in the Wall Street Journal and the Financial Times

“This investment expands Prudential's footprint into Africa, a continent that we believe offers tremendous potential for growth over the long term. We are delighted to partner with LeapFrog Investments.”

Charles Lowrey, EVP and COO of Prudential’s International Businesses
 

2. $200m for health and financial services: OPIC

In December, the US Overseas Private Investment Corporation approved a commitment of up to $200m to future LeapFrog investments in financial services and healthcare. This is the largest single commitment to an impact investment group in history. It will be invested in companies across Africa and Asia that offer essential tools to tens of millions. 

“Today millions more people … have access to financial tools, and tens of thousands have jobs because of fast-growing companies supported by LeapFrog.”

Elizabeth Littlefield, President and CEO of OPIC
 

3. A leap for West Africa

Also in January, LeapFrog Fund II announced the acquisition of UT Life, a high growth life insurer based in Ghana. We plan to reach a million people in West Africa by 2020. This will be the fifth LeapFrog company to have a transformative effect on the country's financial services industry. One investor can make a national difference. 

"Our vision is to be the most innovative and affordable life insurer for the consumer mass market in Ghana.”

Kwaku Yeboah-Asuamah, CEO of UT Life
 

4. Introducing extraordinary leaders

We are thrilled to introduce three industry leaders who have been elected as Partners. Each has invested in and built multiple businesses, leading diverse and transformative teams. Each is poised to do even more as part of the LeapTeam.
Karima Ola

Karima Ola joins LeapFrog as Partner. Karima was previously CIO and member of the board at African Development Corporation (ADC).Widely recognised for shaping the investment landscape in Africa, she was recently named one of “Africa’s women to watch” by Bloomberg. 

Meet Karima
Dr. Felix Olale

Dr. Felix Olale, MD, PhD, joins LeapFrog as Partner. Felix is an entrepreneur, innovator and physician-scientist. Previously, Felix was the Chairman of the Excelsior Group, a US and Kenyan-based advisor and developer of healthcare systems. He also co-founded Wellness Group, a specialty consultation and medical diagnostics company. 

Meet Felix
Nick Moon

Nick Moon has been promoted to Partner, in recognition of his outstanding track record of success as our Head of Co-Investment and Investor Relations. Nick has led the significant expansion of LeapFrog assets under management, and under his leadership LeapFrog has become the partner of choice for many of the world’s most exemplary investors.

Meet Nick
Growing, hiring, building
LeapFrog is inspired by people who turn magnetic ideas into reality. As we grow rapidly, we’re recruiting brilliant and entrepreneurial leaders. They will play diverse roles in investing, building businesses and creating enduring impact. So please send insanely great people our way – sharing this mail or the LeapFrog careers page.
Thank you for sharing this transformational journey, achieving profit with purpose.

Onwards and upwards,

1 March 2016

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Disclaimer

LeapFrog is not currently marketing any Fund. This newsletter does not constitute a solicitation of any investment.