Triple P Capital

Samir K. Shah, the Managing Partner and founder, leads investment decisions. Shah was previously a long-standing partner at Navis Capital Partners, where he focused on Southeast Asian buyouts. The firm operates with a compact senior team and does not delegate investment authority to external advisors.

Triple P executes control and strategic minority investments in profitable, licensed financial services companies in ASEAN. The firm avoids early-stage and pre-revenue ventures, instead buying established insurance brokers, specialty lenders, and asset managers. Post-acquisition, it applies operational expertise and governance improvements to professionalize and scale the businesses.

The firm concentrates on Southeast Asian markets where its partners have direct operational experience. Confirmed target countries include Singapore, Thailand, Cambodia, and Indonesia. It has also evaluated opportunities in the Philippines and Vietnam.

Triple P Capital Fund I closed at approximately $125 million in commitments in 2016. The firm has not publicly disclosed subsequent fund sizes or total assets under management as of mid-2025.

Yes. Development finance institutions (DFIs) have been prominent limited partners and occasional co-investors in Triple P's deals. The firm structures co-investment rights on a deal-by-deal basis for institutions that share its long-duration hold strategy in frontier ASEAN financial services.

Triple P integrates ESG considerations into its ownership approach, particularly given the regulated nature of its portfolio companies. It has attracted DFI capital into its fund structures, suggesting it meets the institutional governance and impact-reporting standards those investors require.

Yes. The firm exited Cambodian microfinance institution AMK in 2017 through a sale to a consortium of impact-focused strategic acquirers. The transaction validated Triple P's thesis of institutionalizing informal or family-run financial service businesses in frontier ASEAN economies.