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.
  • Geïnvesteerd bedrag (€):

    USD 5 M

  • Ondertekening van het contract :

    2017

  • Aard van de investering :

    Equity

  • Effecten op de ontwikkeling :

    • 1 — Access to equity financing for SMEs;
    • 2 — direct and indirect employment effects;
    • 3 — know-how and technology transfer at the Fund and the investees;
    • 4 — market structuring effect as this will be the first fund specifically focusing on smaller insurance companies in the targeted markets;
    • 5 — promotion of good governance.