Triple P SEA Financial Inclusion Fund

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Triple P South-East Asia Financial Inclusion Fund is a Private Equity fund with a $120 M target size, aiming at providing growth capital to small insurance and non-bank financial services businesses, which focus on offering relevant and fairly priced products to the growing lower middle income population of SE Asia - Indonesia, Philippines, Vietnam, Thaliand and Cambodia.

It will be managed by Singapore-based fund manager Triple P Capital which was founded by 3 partners with relevant operational expertise, investment track record and regional industry networks.  Triple P stands for People, Purpose and Profit.


The insurance sector plays a key role in the economic development of countries:

  • Insurance helps protect individuals and enterprises against certain risks, thus reducing their financial vulnerability.  In developing countries individuals are more exposed to certain risks: flooding, loss of harvest, illness, early death.
  • It contributes to the development of private savings (life insurance) which is fundamental in economies where social security is either non-existent or weak and where families have to rely on savings to meet emergency needs.
  • Insurance is often a prerequisite for obtaining investment credit (personal insurance, assets insurance, etc.).
  • Insurance companies invest their ample funds in local economies and are often the largest local investors.
Development impacts
  • Local economic growth: The Fund aims at providing growth capital to small insurance and non‐bank financial services businesses (NBFIs), serving the growing lower middle income population in South-East Asia: Indonesia, Philippines, Vietnam, Thailand and Cambodia. Long-term equity financing will be provided to insurance companies and NBFIs, thereby allowing them to build scale and create new jobs, to invest in improvements and to meet increasing solvency rules to ensure the sustainability of the sector.
  • Financial inclusion: access to financial services for individuals and micro-enterprises is clearly one of the objectives of the fund, with a specific focus on the population's access to insurance products.
  • Investment amount (€):

    € 6.64 M

    Region: Indonesia, Philippines, Vietnam, Thailand and Cambodia

  • Contract signature :

    2017

  • Nature of intervention :

    Equity

  • Development impacts :

    • 1 — Local economic growth
    • 2 — Financial inclusion