Legatum

From Wikipedia, the free encyclopedia
Jump to: navigation, search
Unbalanced scales.svg
 A major contributor to this article appears to have a close connection with its subject. It may require cleanup to comply with Wikipedia's content policies, particularly neutral point of view. Please discuss further on the talk page. (August 2010)
The Legatum Logo

Legatum is a private international investment organisation, headquartered in Dubai, part of the United Arab Emirates.

Contents

[edit] Organisation and Operations

The Legatum group is active in the international markets for both financial and social capital.

Legatum's activities are undertaken through five divisions:

  • Legatum Capital;
  • Legatum Ventures;
  • The Legatum Institute;
  • The Legatum Center for Development and Entrepreneurship at MIT (LCDE); and
  • The Legatum Foundation

[edit] The Legatum Institute

The Legatum Institute is an independent policy, advisory and advocacy organisation within the Legatum group of companies. The Institute researches and promotes the principles that drive the creation of global prosperity and the expansion of human liberty. The Institute undertakes original and collaborative research and publishes case studies and ancillary literature. Recent initiatives include the launch of the Legatum Prosperity Index,[1] which measures prosperity across countries as a combination of material wealth and life satisfaction. The 2010 index included 110 countries and the ranking is led by Norway, Denmark, Finland, Australia, New Zealand and Sweden.[2]

[edit] The Legatum Center for Development and Entrepreneurship at MIT

Legatum made a structured gift of USD50 million to the Massachusetts Institute of Technology (MIT) to create a Center which will support the Legatum Fellows. Graduate students at MIT participate in a cross-faculty program with the goal of starting a for-profit enterprise in a developing country.

Iqbal Quadir, founder of Grameenphone in Bangladesh, is the Center's founder and director. In October 2008, the Center hosted its first annual conference around issues of development and entrepreneurship, which brought together five Nobel laureates in economics - Lawrence Klein, Robert C. Merton, Eric Maskin, Edmund S. Phelps, and Paul Samuelson.

[edit] The Legatum Foundation

The Legatum Foundation provides humanitarian grants to support community-based projects run by local entrepreneurs in the sectors of Health, Education, Economic Empowerment, Human Liberty, Disaster Recovery and the Environment. Legatum was instrumental in facilitating the creation of the Global Network for Neglected Tropical Disease Control (GNNTDC).

Legatum's Prosperity Ladder graphically demonstrates the Group's approach to investment at all levels of the economic and social scale.

[edit] History

  • Legatum was founded in December 2006 by Christopher Chandler, Chairman of Legatum Global Holdings. Chandler was formerly President of the holding company for the Sovereign Global group of companies ("Sovereign"), which he co-founded in 1986. From 1986 to 2006, Sovereign provided capital to companies and governments in Asia, Africa, Latin America and Eastern Europe, and to industries including telecommunications, electric utilities, steel, oil and gas, banking and oil refining.
  • Legatum's name originates from the Latin noun for "legacy", meaning a "gift provided to others without charge".

[edit] References

  1. ^ "The 2008 Legatum Prosperity Index". Legatum Institute. http://www.prosperity.com/report.aspx. Retrieved 2008-10-14. 
  2. ^ "The 2008 Legatum Prosperity Index Overall Rankings 2010". Legatum Institute. http://www.prosperity.com/rankings.aspx. Retrieved 2010-10-30. 

[edit] External links

Private equity and venture capital investment firms
Investment strategy
2005 Penny Obv Unc D.png
History
Investors
Retrieved from "http://en.wikipedia.org/w/index.php?title=Legatum&oldid=464224455"
Personal tools
Namespaces

Variants
Actions
Navigation
Interaction
Toolbox
Print/export
Languages