THE  FUND  

About  the  fund  

The  LeapFrog  Fund  II  closed  in  September  2014,  raising  US$400  million  for  investing  in  high-­‐growth  companies  that  provide  affordable  insurance,  savings,  pensions  and  payments  products  for  emerging  consumers  in  Asia  and  Africa.    The  fund  makes  equity  investments  of  approximately  US$10-­‐$50  million  in  LeapFrog’s  priority  markets  of  Ghana,  Kenya,  Nigeria,  South  Africa,  India,  Indonesia,  the  Philippines  and  Sri  Lanka.    

About  the  manager  

LeapFrog  Investments  is  the  world’s  largest  dedicated  equity  investor  in  emerging  markets  financial  services,  with  over  half-­‐a-­‐billion  dollars  assets  under  management.  LeapFrog  invests  in  high-­‐growth  companies  across  Asia  and  Africa  that  offer  empowering  tools  such  as  insurance,  savings  and  investment  products  to  emerging  consumers.    

Area  of  impact   Financial  Services  for  emerging  consumers  (i.e.  those  earning  under  $10  USD  a  day)  

Geography   Africa  and  Asia  

Scale  of  impact   LeapFrog’s  portfolio  companies  currently  reach  more  than  48  million  people,  with  a  potential  market  of  more  than  2  billion  through  emerging  market  consumers  in  Asia  and  Africa    

Investors  Global  insurance  companies,  pension  funds,  investment  firms  and  development  finance  institutions  including  AIG,  AXA,  Zurich  Insurance,  HESTA,  Christian  Super,  MetLife,  JP  Morgan,  Swiss  Re,  Prudential,  EIB  and  FMO  

Major  investments  

• Resolution  Insurance,  Kenya:  Resolution  Insurance  is  Kenya's  fourth  largest  health  insurer,  operating  in  Kenya,  Tanzania  and  Uganda.  It  partners  with  a  robust  network  of  medical  service  providers  across  East  Africa  to  reach  emerging  consumers  in  the  health  insurance  space.    

• Magma,  India:  Magma  is  a  well-­‐known  NBFC  (Non-­‐banking  Financial  Company)  in  India  whose  vision  is  to  provide  finance  for  the  masses  that  have  been  excluded  by  traditional  finance  systems.  Across  its  238  offices  it  offers  finance  for  vehicles,  construction,  SMEs  and  housing.  

CASE  STUDY    

LeapFrog  Fund  II  

 

   Size  of  Fund:  US$400  million      

• Syn  Mun  Kong  Insurance  (SMK),  Thailand:  SMK  is  a  rapidly  growing  general  insurer.  It  is  noteworthy  for  its  deep  reach  into  Thailand's  rural  and  semi-­‐rural  population.    

Asset  class   Alternative  Assets    

Fees   Undisclosed    

Liquidity   Undisclosed  

THE  IMPACT  

Social,  cultural  or  environmental  impact  

The  Fund's  investments  aim  to  improve  financial  services  access  to  under-­‐served  emerging  market  consumers.  Consumers  with  financial  services  access  can  begin  lending,  start  small  businesses,  gain  access  to  insurance  and  create  savings,  which  all  contribute  to  economic  growth  and  capital  market  expansion.  

FINANCIAL  RETURNS  

Financial  returns   The  Fund  pursues  top-­‐tier  financial  and  social  returns.  

MORE  INFORMATION  

LeapFrog