Debevoise & Plimpton LLP has advised LeapFrog Investment (“LeapFrog”) in the close of its fourth fund (“Fund IV”), with commitments and designated co-investments totaling $1.02 billion. LeapFrog’s initial target for Fund IV was $1 billion.

Fund IV aims to support 100 million emerging consumers and producers to build better lives, and has already reached 24 million (a 40% increase since investment) through five initial companies. All five investees have achieved strong revenue growth over the past year.

For full details, please see LeapFrog’s press release.

The Debevoise team advising LeapFrog was led by partner John Rife, counsel Fatema Al-Arayedh, counsel Jin-Hyuk Jang, and associates Yannis Paradeisiadis, Nikhil Subbiah, and Kwasi Yeboah. Tax advice was provided by partner Cécile Beurrier, counsel Matthew Pincus, and associate Weichi Liu. Finance advice was provided by partner Tom Smith and associate Daria Serebrova.