LeapFrog Takes Stake In One Of Nigeria's Largest Pension Companies, ARM Pensions


Tuesday, June 19, 2018    11..35AM / ImpactAlpha


Nigeria, a country of 200 million, requires companies to provide retirement plans to workers, yet 89% of those employed haven’t registered for one. In the past nine years, pension assets have quadrupled to $22 billion. That makes pensions one of the fastest growing segments in Nigeria’s financial industry.


ARM Pension has $1.8 billion in funds under management and reaches 700,000 people. Leapfrog did not disclose the amount of its investment but typically invests in the range of $10-50 million.


In February, Leapfrog exited another West African pension company, Petra Trust, after helping the firm achieve 76% average compound annual revenue growth over the course of acfour-year investment period to become Ghana’s largest independent pension provider.


Since 2007, Leapfrog has invested more than $1 billion in companies in Asia and Africa that reach more than 125 million emerging consumers with financial services and healthcare.



 Proshare Nigeria Pvt. Ltd.



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