Temasek-backed Leapfrog raising $1b fund, IFC may come in as LP

Temasek-backed Leapfrog raising $1b fund, IFC may come in as LP

IFC/World Bank HQ. Photo: IFC

Global impact fund manager LeapFrog Investments, which received a commitment of $500 million from Temasek last year, is raising a $1-billion growth-stage fund that will invest in healthcare and financial services businesses in Africa, South Asia, and Southeast Asia.