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OPEN & CLOSEDOPEN & CLOSED 2009-03-01 Staff Writer OPEN & CLOSED FUNDS OPENED <
- CDC commits $30m to microfinance
The UK government-backed fund of funds has invested in two new vehicles: India Financial Inclusion Fund and Catalyst Microfinance Investors.
- Leapfrog reaches halfway to $100m target
The pioneering microinsurance fund has garnered $50m from the likes of the European Investment Bank and Dutch development finance company FMO. The fund will invest in developing countries in Africa and Asia.
- First microinsurance PE firm launched at Clinton-led event
LeapFrog Investments aims to provide 25 million low-income individuals in Asia and Africa with access to microinsurance in the next 10 years. The market for microinsurance on the two continents includes more than one billion people.