Temasek Holdings promises $500milion to impact investment firm LeapFrog PUBLISHED BY
Temasek Holdings has agreed to invest $500 million in private equity firm
LeapFrog Investments, the largest such commitment in an impact internment company. The $214 billion Singapore state-backed investment company will also gain a minority stake in the company. The partnership will be a multi-fund investment by Temasek to help LeapFrog further its Asia and Africa funds.
Impact or socially responsible investing has gained a lot of attention in recent times with big investment institutions and financial entities such as TPG, KKR and Blackstone showing interest.
“There is an urgent and pressing need to address the critical social and environmental challenges that the world is facing,” said Benoit Valentin, head of impact investing at Temasek.
LeapFrog Investments secures $500m backing
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Temasek commits US$500mil for impact investing in LeapFrog tie-up
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Temasek allots US$500 million for impact investing in LeapFrog tie-up
FILE PHOTO: A woman passes a logo of state investor Temasek Holdings at their office in Singapore on Jul 8, 2014. (Reuters/Edgar Su)
09 Mar 2021 01:36PM (Updated:
09 Mar 2021 01:40PM) Share this content
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SINGAPORE: Temasek Holdings is committing US$500 million to a partnership with private equity firm LeapFrog Investments, in what both companies said was the largest ever commitment to an impact investor.
The tie-up will take the form of a multi-fund investment by Temasek to anchor Asia and Africa-focused LeapFrog s future funds, and the Singapore state investor will also acquire a minority stake in LeapFrog, they said in a joint statement on Tuesday (Mar 9).
The Straits Times
Temasek has been growing its presence in impact investing in recent times.ST PHOTO: KUA CHEE SIONG
Michelle Quah
https://str.sg/JjcF
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