Triple P fund: An equity investment to support the development of the insurance sector in Southeast Asia

Triple P Sea Financial inclusion Fund LP (“Triple P”) is a Southeast Asian multi-country investment fund dedicated to the insurance and non-banking financial services (“NFBCs”) sectors.

Triple P is the first fund launched by three professionals in these sectors who have complementary and quality operational and transactional experience.

Triple P has a target size of USD 120m and aims to invest in 8 to 10 midcaps. Unit tickets will range between USD 3m and USD 15m, with an average ticket size of some USD 10m. The products will be earmarked to finance the development of new distribution networks and optimize the IT tools of local medium-sized insurance companies.

The investment strategy is based on the acquisition of majority or minority controlling interests in companies seeking to scale up their activity and who are looking for external partners able to support their growth.

This investment will contribute to financial inclusion for lower-middle-income populations by offering them individual insurance products or life insurance products.

The project will also help create or maintain over 6,200 jobs in the underlying companies, with 30% held by women.

Finally, it will support private sector development in Southeast Asia, while supporting the expansion of capital markets in the region.

The project will thereby contribute to SDGs 8 (Economic growth) and 10 (Reduced inequalities).