LeapFrog names co-head of healthcare

Mohandas will work closely with Felix Olale, partner and healthcare co-lead, as well as Michael Fernandes, co-lead for Southeast Asia. He will be based in Kenya. LeapFrog’s healthcare program focuses on developing markets in Asia and Africa.

Mohandas (pictured) has more than 20 years' investing and operating experience spanning 20 countries. He joins LeapFrog after nine years at the International Finance Corporation (IFC) where he led the healthcare and education investment team for sub-Saharan Africa and was global sector lead for medical devices. During this period, he helped deploy more than $500 million.

Mohandas is also recognized as one of the early professionals to venture into impact investment in emerging markets as head of Acumen in East Africa and part of the firm’s founding team in India. He began his career as an officer in the Indian army’s field ambulance corp.

“Biju is one of the strongest and most highly skilled investors I have had the privilege of working alongside,” Olale said in a statement. “His acuity in investment is matched by an extremely admirable set of values and an unwavering commitment to impact. At a time of such global uncertainty, our healthcare team is dedicated to ensuring millions more people have access to safe and affordable health services and medicines.”

LeapFrog raised $700 million for its third fund in 2019, exceeding an initial target of $600 million. One-third of the corpus will be invested in healthcare. Recent Asian investment activity in this space includes leading a $55 million round last year for India-focused genetic testing systems provider MedGenome.

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