Hogan Lovells Advises Private Equity Sponsor LeapFrog Investments on Formation of Social Impact Investment Fund
09 September 2014
WASHINGTON, D.C., 9 September 2014 – Hogan Lovells is pleased to announce that it has advised LeapFrog Investments, the leader in profit-with-purpose investing, in connection with the formation of LeapFrog Financial Inclusion Fund II, LP, LeapFrog’s second investment fund. The fund closed at US$400 million, reaching its fund raising target. LeapFrog, which seeks to maximize both financial and social returns, intends to invest the fund in high-growth companies that offer empowering financial tools, such as insurance, savings, and investment products, to emerging consumers in Africa and Asia.
“We are incredibly proud to be affiliated with LeapFrog Investments,” said Hogan Lovells Partner Derek Meilman. “LeapFrog’s distinctive investment strategy aims to provide a top-tier rate of return while at the same time having a meaningful social impact. A true innovator, LeapFrog seeks to demonstrate that purpose-driven organizations can have a competitive advantage over their peers.”
In every investment, LeapFrog pursues profit-with-purpose, simultaneously targeting top-tier investment returns and helping to provide low-income people with protective and enabling financial tools. The fund's portfolio companies reach more than 22 million people across 16 countries including India, Kenya, Ghana, Nigeria, and South Africa. LeapFrog has attracted several of the world’s leading insurers, reinsurers, banks, and funds as investors.
“Hogan Lovells has both an exceptional private equity practice and a profound sense of citizenship as a core institutional value,” said LeapFrog General Counsel Tom Brunner. “Given these attributes, the Hogan Lovells team was able to position LeapFrog to realize its priorities, both for its investors and for the emerging consumer alike.”
The Hogan Lovells team advising LeapFrog on the fund formation was led by partner Liz Roberts (Washington, D.C.), with assistance from others throughout the global firm, including associates Adam Brown (Northern Virginia) and Ewadele Butler (Washington, D.C.).