LeapFrog Mikroversicherungsfonds - Treuhandbeteiligung Asien LeapFrog Microinsurance Fund Der LeapFrog Financial Inclusion Fund wurde mit dem Ziel gegründet, einen langfristigen Kapitalzuwachs durch Eigenkapital- und eigenkapitalbezogene Investitionen in Unternehmen zu erzielen, die qualitativ hochwertige und erschwingliche Versicherungsprodukte und Versicherungsdienstleistungen für einkommensschwache und finanziell ausgegrenzte Menschen anbieten. Der Schwerpunkt liegt auf der Förderung von Unternehmen, die zielgruppenadäquate Mikroversicherungsleistungen im Raum Afrika und Asien anbieten. LeapFrog hat seine Investitionstätigkeit 2010 aufgenommen. Die Investitionsperiode wurde Mitte 2014 abgeschlossen. Das Investitionsziel von USD 75 Mio. hat der Fonds mit einem Investitionsvolumen von USD 93,5 Mio. deutlich übertroffen. Mittlerweile hat der Fonds 7 von 8 Exits erfolgreich durchgeführt. Der Fonds wurde im Mai 2021 nach zwei jeweils einjährigen Laufzeitverlängerungen geschlossen. Das Zusagevolumen der 18 internationalen Investoren betrug unverändert 135 Mio. USD. Durch die FZ-Treuhandmittel Afrika von EUR 11 Mio. (ca. 14,2 Mio. USD), zusammen mit den FZ-Treuhandmitteln Asien von EUR 6 Mio. (rd. 7,6 Mio. USD) und der KfW Förderbeteiligung (3 Mio. USD) ist die deutsche FZ mit insgesamt 24,8 Mio. USD an LeapFrog beteiligt. Die deutsche FZ ist mit 18,4% größter Anteilseigner des Fonds. Darüber hinaus werden durch einen FZ-Finanzierungsbeitrag i.H.v. 1 Mio. EUR Aus- und Fortbildungsmaßnahmen für die Beteiligungsunternehmen des Fonds finanziert, die von der TA-Facility LeapFrog Labs angeboten werden.Ziel des Vorhabens ist die nachhaltige, effiziente und kundenorientierte Bereitstellung von zielgruppenadäquaten Mikroversicherungen. Die Zielgruppe sind Personen mit niedrigem Einkommen (1,25 USD bis 10 USD pro Tag), d.h. Menschen, die bisher über geringe bzw. keine Möglichkeiten verfügen, auf ihre Bedürfnisse zugeschnittene Versicherungen abzuschließen. Mit rd. 221 Mio. erreichten Konsumenten, von denen 79% Personen ein niedriges Einkommen hatten, wurde dieses Ziel erfolgreich umgesetzt. Zusätzlich konnte der Fonds neben dem sozialen Impact auch einen finanziellen Erfolg vorweisen.Der seit Gründung 2007 erzielte Erfolg der Fondsgesellschaft LeapFrog, auch durch seinen Impact Fonds LeapFrog Financial Inclusion Fund, in dem die KfW als Ankerinvestor eine große Rolle spielt, spiegelt sich auch in der sehr erfolgreichen Kapitaleinwerbung wider. Insgesamt konnte LeapFrog seit 2007 2 Mrd. USD für seine Fonds einwerben. Im Mai 2021 hat sich zudem der Staatsfonds von Singapur, Temasek, bei der Fondsgesellschaft LeapFrog mit einem Kapitaleinschuss von USD 500 Mio. als Minderheitsaktionär engagiert, um seine Impact Investments zu stärken. Dies ist weltweit das bisher größte Einzelinvestment in einen Impact Fondmanager und zeigt, wie wichtig der internationalen Fondsindustrie nachhaltige Investments nach ESG-Kriterien geworden sind. The Leapfrog Financial Inclusion Fund was established to provide long-term capital contributions through equity and equity-related investments in companies that provide high-quality, affordable insurance products and services to low-income and financially excluded people. The focus is on supporting companies that provide microinsurance services to target groups in the African and Asian market. Leapfrog started its investment activities in 2010. The investment period was completed in mid-2014. The fund has significantly exceeded its investment target of USD 75 million with an investment volume of USD 93.5 million. Meanwhile, the fund has successfully completed 7 out of 8 exits. The fund was closed in May 2021 after two one-year term extensions. The commitment volume of the 18 international investors remained unchanged at USD 135 million. Through the BMZ Africa funds contribution of EUR 11 million (approx. USD 14.2 million), together with the BMZ Asia funds contribution of EUR 6 million (approx. USD 7.6 million) and the KfW promotional participation (USD 3 million), the German FC has a total stake in LeapFrog of USD 24.8 million making it the largest shareholder of the fund with 18.4%. In addition, an FC financial contribution of EUR 1 million finances training and education measures for the fund's portfolio companies, which are offered by the TA-Facility LeapFrog Labs.The aim of the project is the sustainable, efficient and customer-oriented provision of microinsurance products appropriate to the target group. The target group is low-income people (USD 1.25 to USD 10 per day), i.e. people who have had little or no opportunity to take out insurance tailored to their needs. With approximately 221 million consumers reached, 79% of whom were low-income individuals, this goal was successfully achieved. Additionally, the fund was able to demonstrate financial success in addition to social impact.The success achieved by the fund company Leapfrog since its foundation in 2007, also through its impact fund Leapfrog Financial Inclusion Fund, in which KfW plays a major role as an anchor investor, is also reflected in the very successful capital raising. In total, Leapfrog has raised USD 2 billion for its funds since 2007. In May 2021, Singapore's sovereign wealth fund, Temasek, also joined Leapfrog as a minority shareholder with a capital injection of USD 500 million to strengthen its impact investments. This is the world's largest single investment in an impact fund manager to date and shows how important sustainable investments based on ESG criteria have become to the international fund industry. Treuhandbeteiligung an regionalem Mikroversicherungsfonds The Leapfrog Financial Inclusion Fund was established to provide long-term capital contributions through equity and equity-related investments in companies that provide high-quality, affordable insurance products and services to low-income and financially excluded people. The focus is on supporting companies that provide microinsurance services to target groups in the African and Asian market. Leapfrog started its investment activities in 2010. The investment period was completed in mid-2014. The fund has significantly exceeded its investment target of USD 75 million with an investment volume of USD 93.5 million. Meanwhile, the fund has successfully completed 7 out of 8 exits. The fund was closed in May 2021 after two one-year term extensions. The commitment volume of the 18 international investors remained unchanged at USD 135 million. Through the BMZ Africa funds contribution of EUR 11 million (approx. USD 14.2 million), together with the BMZ Asia funds contribution of EUR 6 million (approx. USD 7.6 million) and the KfW promotional participation (USD 3 million), the German FC has a total stake in LeapFrog of USD 24.8 million making it the largest shareholder of the fund with 18.4%. In addition, an FC financial contribution of EUR 1 million finances training and education measures for the fund's portfolio companies, which are offered by the TA-Facility LeapFrog Labs.The aim of the project is the sustainable, efficient and customer-oriented provision of microinsurance products appropriate to the target group. The target group is low-income people (USD 1.25 to USD 10 per day), i.e. people who have had little or no opportunity to take out insurance tailored to their needs. With approximately 221 million consumers reached, 79% of whom were low-income individuals, this goal was successfully achieved. Additionally, the fund was able to demonstrate financial success in addition to social impact.The success achieved by the fund company Leapfrog since its foundation in 2007, also through its impact fund Leapfrog Financial Inclusion Fund, in which KfW plays a major role as an anchor investor, is also reflected in the very successful capital raising. In total, Leapfrog has raised USD 2 billion for its funds since 2007. In May 2021, Singapore's sovereign wealth fund, Temasek, also joined Leapfrog as a minority shareholder with a capital injection of USD 500 million to strengthen its impact investments. This is the world's largest single investment in an impact fund manager to date and shows how important sustainable investments based on ESG criteria have become to the international fund industry.