LeapFrog Emerging Consumer Fund III
|Primary impact area||Impact area||Geographic location of impact||Investment commencement||SDG alignment|
|Social||Financial Inclusion & healthcare||Asia and Africa - Emerging Markets||2018||
Rapid developments in Africa and Asia have impacted the dynamics of global markets. Billions of emerging consumers are now joining the global economy, without access to many of the basic services required for success. By investing in companies that provide essential financial and health services across developing countries, LeapFrog Emerging Consumer Fund III is helping to meet these growing needs at scale. LeapFrog’s companies currently serve 188 million people.
QBE, through Premiums4Good, is an investor in the USD 743m fund, joining a number of investors across the globe in the fund’s mission to change lives in communities in countries like Kenya, Nigeria, Ghana, South Africa, India, Indonesia, the Philippines and Sri Lanka.
The fund’s investments to date include WorldRemit, which enables fast secure international money transfer, and NeoGrowth, a digitally enabled financial company that provides business loans and insurance in India. The fund has also made investments in East African healthcare provider Goodlife Pharmacy, providing diagnostics and basic health care in communities where public healthcare is limited, as well as Ascent Meditech, a business that manufactures and delivers orthopaedic products across India.
Through these and additional investments, the fund strives to impact the lives of millions of people as well as to generate robust financial returns for investors.
By investing in the provision of essential services, the fund is a powerful enabler of financial inclusion and access to healthcare. It supports the elimination of poverty, contributes to healthier, more productive communities and helps drive economic success. Significantly, the fund targets reaching more than 70 million emerging consumers over the next five years.