Fund vehicle
LeapFrog Financial Inclusion Fund II
LeapFrog Financial Inclusion Fund II is a private equity fund managed by LeapFrog Investments, a specialist impact investment firm. The fund focuses on investing in financial services companies that primarily serve emerging consumers in Africa and Asia, aiming to achieve both strong financial returns and positive social impact. It targets businesses that provide essential services, such as insurance, savings, payments, and credit, to underserved populations. The fund typically acquires significant minority or control stakes in its portfolio companies, operating with a 'profit with purpose' investment philosophy. It aims to deliver robust financial returns while expanding access to critical financial services for low-income populations.
- Manager
- LeapFrog Investments
- Vintage
- 2013
- Strategy
- Private Equity
- Target size
- $400m
- Size
- $432m
- Status
- Closed
Disclosed limited partners
- American International Group
- American International Group, Inc. (AIG)
- AXA Investment Managers (AXA IM)
- British International Investment (BII)
- Christian Super
- Inc. (AIG)
- Metlife Asset Management
- Netherlands Development Finance Company (FMO)
- Oikocredit Ecumenical Development Cooperative Society
- Prudential Financial, Inc
- Reinsurance Group of America (RGA)
- Zurich Insurance Group
Sources
- Partner Researchers, accessed 14 November 2026