Weekly Wrap, March 22nd, 2021; Temasek and TPG back Africa deals, IFC, EIB and FMO mull fund commitments, Job changes at Actis, Apis and FinDev, and more…

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Last week in brief…March 22nd, 2021

Some pretty big names writing pretty big checks made news in Africa’s private capital markets since we last posted two weeks ago. Temasek, Singapore’s sovereign wealth fund, made its largest commitment to a specialist impact investment manager to date, agreeing a couple of weeks ago to put $500 million to work with LeapFrog Investments. As well as anchoring new private equity funds, part of the capital will be used to buy an undisclosed minority stake in LeapFrog, providing the fund management firm with growth capital to expand its team and investment capabilities in Africa and Asia. Temasek will also have a representative joining LeapFrog’s board as part of the agreement.

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