This month, Temasek, one of the world’s largest state investors, announced a US$500 million allocation to Asia and Africa-focused Leapfrog Investments, in the single biggest commitment to an impact fund manager.
Singapore’s Temasek Holdings believes that impact investing has reached an inflection point, with the coronavirus pandemic highlighting deep social imbalances that have intensified the need for such forms of investments.
Such investments, made to generate positive, measurable social and environmental impact, as well as financial returns, grew to US$715 billion ($963.32 billion) in 2019 from US$502 billion a year earlier, the Global Impact Investing Network estimated in a survey.
