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IFC plans to invest up to $25 million in LeapFrog's priority sector fund

LeapFrog Emerging Consumer Fund III, a 10-year closed-end private equity fund that focus on the emerging consumer.

, ET Bureau|
Updated: Apr 07, 2017, 12.46 AM IST
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LeapFrog has investments in Indian companies such as IFMR Holdings and Fincare -- both operates in financial inclusion space.
LeapFrog has investments in Indian companies such as IFMR Holdings and Fincare -- both operates in financial inclusion space.
KOLKATA: International Finance Corporation or IFC is planning to invest up to $25 million in the UK-based LeapFrog Investments's emerging consumer fund with priority sector focus, which is seeking to raise funds to invest into financial services and healthcare in South Asia and Southeast Asia and African markets.

The fund will make equity and quasi-equity investments averaging $25 to $30 million, with one-third of it focusing on the healthcare segment and two-thirds on financial services investments, IFC said in a disclosure.

LeapFrog Emerging Consumer Fund III, a 10-year closed-end private equity fund that focus on the emerging consumer.

LeapFrog has investments in Indian companies such as IFMR Holdings and Fincare -- both operates in financial inclusion space; and non banking finance companies like Magma Fincorp and Shriram Group.

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