Leap Frog Investments, a private equity fund that specializes in the insurance industry said it is looking for opportunities in Indonesia’s Takaful sector.
“We are really looking for a partner in Indonesia and we hope to make an investment soon depending on what
opportunities we get,” Doug Lacey, partner at LeapFrog, told The Islamic Globe. The $135m private equity
fund was set up in 2009 by several organizations including International Finance Corporation, Soros
Fund Management, Flagstone Reinsurance, KfW of Germany and FMO of Netherlands among others. (full story)
