[7] LeapFrog was founded in January 2007 by Andrew Kuper and officially launched in 2008 alongside former US President Bill Clinton, who endorsed the firm for opening new frontiers for alternative investments.

[14][15][16] LeapFrog owns significant stakes in companies across Ghana, Kenya, Nigeria, South Africa, Thailand, Indonesia, Sri Lanka and India, among others.

[21] In March 2021, Temasek Holdings, an investment company headquartered in Singapore, entered into a $500 million USD strategic partnership with LeapFrog.

Hong Kong insurer AIA allocated $200m to LeapFrog funds in 2023, described by the Financial Times as one of the largest investments into portfolios trying to meet social or environment targets such as those in the UN’s Sustainable Development Goals.

[26] The nine principles were created to set a basic market standard for impact investing and serve as a guide to deployment of capital by institutional investors.

[27] LeapFrog was deemed an "exemplification of industry best practice" with its impact measurement and management systems assessed as reaching "an advanced level of alignment across the board for all nine of the Principles".