LeapFrog Investments, a private equity firm backed by George Soros and JP Morgan, has raised $400 million for socially responsible investments in Asia and Africa—the largest ever for a fund specializing in low-income emerging market financial services.

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"The new fund will typically make equity investments of $10 million to $50 million in LeapFrog’s priority markets of Ghana, Kenya, Nigeria, South Africa, India, Indonesia, the Philippines and Sri Lanka..."

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