Temasek enters US$500m partnership with LeapFrog Investments

Temasek will also take one non-executive seat in the company’s management board.

Temasek has entered into a $673.19m (US$500m) deal with global investment group LeapFrog Investments.

The partnership will take the form of a multi-fund investment by Temasek to anchor LeapFrog’s future funds.

Temasek will also take a minority stake in LeapFrog and provide growth capital to support the expansion of the LeapFrog team and investment capabilities across Asia and Africa. LeapFrog and its investment process will continue to be managed and controlled by its team of partners, with Temasek taking one non-executive seat on LeapFrog’s management board.

“Our partnership with LeapFrog, with its focus on serving underserved markets, underscores Temasek’s commitment to investing for impact, and the contributions these investments make towards shaping a better world for our communities,” said Benoit Valentin, head of impact investing at Temasek.

The partnership will see LeapFrog having received over $2.69b (US$2b) from global institutional investors since inception.
 

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