LeapFrog to invest in Indonesia's Reliance Capital Management
Microfinance-focused investor LeapFrog Investments will lead a $45 million commitment to Reliance Capital Management, an Indonesian financial services provider. This is its first investment in the country.
Reinsurer PartnerRe and Dutch development finance institution FMO - which is contributing $8.2 million - are also participating in the transaction. Reliance's business covers life and health insurance...
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