Emerging markets-focused profit-with-purpose private equity firm LeapFrog Investments has purchased a stake in Sri Lanka-based Softlogic Life Insurance from Dutch development finance institution FMO for US$12 million. The company offers a range of life and health insurance products and has partnered with Sri Lanka-based telecommunications company Dialog Axiata to provide insurance through consumers’ mobile phones. FMO originally invested in Softlogic in December 2012.