LeapFrog Investments, a Mauritius-based investment firm focused on businesses in Africa and Asia, has announced the professionals who will led its team dedicated to healthcare.
African healthcare investments will be led by Dr. Felix Olale, MD, PhD, who joined LeapFrog as a Partner.
Dr. Olale is an entrepreneur, innovator and physician-scientist with wide experience building businesses and investing in healthcare across Africa. He has led and advised on over $100 million of healthcare investments across Africa. Before joining LeapFrog,
Dr. Olale was previously the Chairman of the Excelsior Group, a US and Kenyan-based advisor and developer of healthcare systems, and co-founded Wellness Group, a specialty consultation and medical diagnostics company.
Asian healthcare investments will be led by LeapFrog Partner and Co-Head of Asia, Michael Fernandes.
Prior to joining LeapFrog, Fernandes managed Khazanah Nasional Berhad’s healthcare portfolio, consolidated under IHH Healthcare and listed in Singapore for a $7 billion valuation.
He also led the $250m global custom manufacturing business for the Piramal Healthcare Group, focusing on global acquisitions, business development, supply chain management and talent. Fernandes also served on diverse boards including for the likes of IDFC and Apollo Hospitals.
Leapfrog also announced four expert roles on the global Healthcare team:
– Matthew Myers, Director at LeapFrog and a qualified actuary, will play a core role, leading thinking on health insurance into healthcare.
– Thomas Verghese, an Associate Director, will play a role in Africa investments.
– Kavitha Subramanian, also an Associate Director, will play a role in Africa investments.
– Roshni Bandesha, recently hired, will be in charge with measurement, reporting, and insights into healthcare globally.
The announcement follows OPIC’s recent announcement of a commitment to LeapFrog of up to $200m for investments in healthcare and financial services.
Co-founded by Andy Kuper and Jim Roth, LeapFrog LeapFrog invests in businesses in Africa and Asia following a “profit with purpose” approach, which aims to generate strong results and change lives.