Across 19 years and multiple market cycles, LeapFrog portfolio companies have delivered 22% average revenue growth and in the last 12 months generated over $1.5 billion in profit -- returns that rival the best of developed markets, while serving hundreds of millions of people who need it most.

Two exits in 2025 - the full sale of Goodlife Pharmacy to CFAO Healthcare and a partial exit of AU Bank - underscore our ability to build and realise value at scale. As global growth slows and currency dynamics shift in emerging markets' favour, our strategy targeting the three core demands of emerging consumer life -- healthcare, financial services, and climate solutions -- remains as durable as the demand itself.

LeapFrog's healthcare strategy backs asset-light, scalable platforms improving access to quality, affordable care across Asia and Africa.

With rapid urbanisation and the rise of non-communicable diseases, emerging consumers are living longer but spending up to a decade in poor health -- creating urgent, structural demand for prevention, detection, and treatment.

We partner with exceptional entrepreneurs and management teams who are bringing healthcare closer to underserved communities, and we bring the operational depth to scale complex healthcare businesses without compromising on quality or governance. Innovative companies in our portfolio include Redcliffe Labs, India's leading diagnostics network, and MedGenome, South Asia's largest genetic testing lab.

LeapFrog's financial services strategy backs the businesses bringing savings, credit, insurance, pensions, and remittances within reach of the consumers who have historically gone without.

Drawing on two decades of investing across the full financial services spectrum, we partner with both established players digitalising at scale and tech innovators reinventing distribution from the ground up. Our companies have helped hundreds of millions of people with financial safety nets and springboards.

Examples include Zepz, the digital remittance unicorn, Interswitch, Nigeria's largest e-payment platform, and CarDekho, one of India's largest auto-tech platforms.

LeapFrog's climate strategy backs companies enabling emerging consumers and producers to mitigate and adapt to climate change across energy, mobility, the built environment, and food and agriculture.

Emerging markets will drive the majority of global growth over the next three decades - and are uniquely positioned to leapfrog polluting legacy systems entirely. The economics are compelling: low-carbon alternatives offer a genuine green discount against the true cost of expensive fuel, unreliable grids, and inefficient transport. Clean is increasingly the affordable choice, not the altruistic one.

In 2025, LeapFrog published the Transition Ledger - our flagship thought leadership on the climate opportunity in emerging markets, and the case for why the energy transition cannot be won without them.

LeapFrog backs companies that create jobs close to the communities that need them most and after nearly two decades across 37 countries, we have a clear methodology for how that happens.

When employment reaches women, young people, and low-income households, the benefits compound: local economies strengthen, entrepreneurs hire, distribution networks grow, and demand becomes more resilient.

In 2022, we pledged at the Clinton Global Initiative to help finance or protect 25 million emerging enterprises supporting 100 million jobs by 2030. By the end of 2025, our portfolio companies had reached 33 million MSMEs with loans, insurance and saving products, supporting more than 80 million jobs.

LeapFrog's companies are serving and supporting hundreds of millions of women and girls. The benefits of this extend to households, communities and local economies - and drive sustainable business success.

Our latest Flagship Fund has been recognised by the 2X Global iniatitive for its positive impact on women and girls. LeapFrog has also co-created a gender toolkit to help its companies assess current practices and take concrete steps to improve women's representation

LeapFrog has received an "advanced" rating across all Operating Principles for Impact Management (OPIM) for the third consecutive verification — retaining our place on BlueMark's Leaderboard, which recognises the top verified impact investors globally.

As the bar for "advanced" continues to rise with industry maturity, our rating reflects both the depth of embedded practice and the continuous improvements we have introduced — including enhanced impact risk management and a responsible exit framework. In a field of thousands of self-declared impact investors, third-party verification by BlueMark is the standard that matters.Learn more about our approach