Triple P SEA Financial Inclusion Fund


Last updated 9 January 2022, by Impactyield.

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The Triple P SEA Financial Inclusion Fund invests in principally unlisted small insurance and non-bank financial services companies that are positioned to deliver needed financial products and improve financial literacy of underserved populations primarily in Indonesia, Philippines, Vietnam, Thailand and Cambodia.

Financial description


9 years

of track record


the year funded

120,000,000 USD


Asset manager

Triple P Capital


Headquarters location:

SDG goals

SDG targets

Equal rights to ownership basic services technology and economic resources

Promote policies to support job creation and growing enterprises

Increase access to financial services and markets

Impact Category

Key performance indicators

Fund overview

Asset manager: Triple P Capital

Product track record: Fund has 9 years of track record

Target IRR: 18%

Committed Capital: 51,000,000 USD (US Dollar)

Target return category: Risk-adjusted market-rate of return

Fund domicile:

Product status:

Style/Stage: , ,

Inception year: 2014

Vintage year: 2017

Target region: , , ,

Target close date: n.a.

Product term: 5 year investment period / 10 year term

Assets under management: 120,000,000 USD (US Dollar)

Investment size: Min: 3,000,000; Max: 15,000,000; Avg: 10,000,000

Co-investment policy: ,

Currency of investments:

Currency for fund / product figures:

Fund investments to date: 0

Fund investments to date exited or repaid: 0

Management fee: 2%

Carried interest: 20%

Hurdle rate: 8%%

GIIN Investors' Council Investment: Yes

Limited Partners / Investors: First Close: DEG, LGT, Proparco, BIO Invest as well as number of other experienced Asian PE investors. Second Close: A number of fund of funds, social impact investors, and insurers have shown an interest in participating in a second close.

Limited Partner / Investor Type: Development Finance Institution (DFI), Family Office, Pension Funds, Other Institutional Investors


E-mail: n.a.


Phone number: +65 8424 8703

If you wish to have your details removed from this database please email

Alexander Krefft

Partner & Founder

David Steel

Partner & Founder

Impact Performance


Impact thesis

1. Do No Harm. Structure impact measurement to limit distraction and pain for the portfolio companies.
2. Company Ownership. Ensure that the portfolio companies “own” as many metrics as possible. Most impact metrics should be so relevant that they remain part of portfolio companies’ management reporting even after the Fund's exit.
3. Share Detail Widely. Share detail about the impact of portfolio companies, including through the companies’ communications and more broadly across the investment community.
4. Foster Commonalities. Triple P will likely use numerous GIIN’s IRIS metrics and drive common approaches to impact measurement while respecting the specific requirements of each portfolio company.

Impact Management


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