Phitrust Asia is the Singapore-based impact investment arm of Phitrust Partenaires. Since 2017 we have backed enterprises with patient capital and hands-on support — closing the early-stage funding gap in Indonesia, Cambodia, Thailand, Vietnam — and soon the Philippines.
Early-stage enterprises in Southeast Asia struggle to raise less than $500K, as most impact investors concentrate on larger, later-stage transactions. Phitrust Asia invests precisely within that gap — $100K to $300K in equity, convertible bonds or debt — always alongside at least one co-investor.
With a five- to seven-year investment horizon, Phitrust Asia is a patient shareholder that supports portfolio companies through board and advisory board participation and access to experienced sector specialists, building on Phitrust's 20+ years of impact investing experience in Europe.
Since our first investment in 2017, Phitrust Asia has built a portfolio of enterprises whose business models grow impact and revenue together. Figures below are from our April 2026 investor report.
$1.6M+
Capital deployed in enterprises
386,213
Total beneficiaries* reached in 2025
7
Investments made, including one full exit
122,977t
CO2 emissions reduced in 2025 (tons)
4
Female founders and CEOs backed
April 2026Impact indicators are collected quarterly from every portfolio company. * Beneficiaries: small farmers, suppliers or clients of portfolio enterprises.
We select enterprises whose profits and impact grow together, targeting at least three UN Sustainable Development Goals, with precise impact KPIs agreed before we invest.
Sustainable agriculture value chains
Climate change, declining natural resources and fragmented supply chains are reshaping agriculture across Southeast Asia. We invest in businesses that strengthen sustainable food value chains—from climate-smart farming and sustainable inputs to processing, distribution and market access—to improve farmer livelihoods while building resilient food systems.
Food systems support millions of livelihoods across SEA.
Education & employment for the underprivileged
Unequal access to quality education, skills and decent work continues to limit economic opportunity for underserved communities. We invest in inclusive education, workforce development and employment solutions that equip people with market-relevant skills and connect them to sustainable livelihoods.
Human capital is the foundation of inclusive economic growth.
Where we invest
Five Markets, One Investment Thesis
We focus on five Southeast Asian markets where strong entrepreneurial talent, growing impact ecosystems and limited early-stage capital create attractive opportunities for impact investment. Our local presence and long-standing networks enable us to source and support promising enterprises from the early stages.
Investment thesis
Patient capital, precise criteria
Impact objectives sit at the core of every investment decision. We look for enterprises whose growth mechanically increases their impact — then stay for the long run.
Collection and ecological treatment of waste from shopping centers and industry — sorted, recycled and turned into fuel and organic fertilizer, employing workers from poor communities.
Phitrust Asia operates with an agile team on the ground, supported by an experienced Investment Committee that decides on investments and exits and brings sector, financial and operational expertise to founders.
Operational team
HR
Henri de Reboul
Co-founder & CEO
UN
Uyen Nguyen
Investment Analyst
+
New Team Member
Role to be added
Investment Committee
LR
Lionel Requillart
Chairman of the Investment Committee
AS
Alain Sepulchre
Investor & Senior Adviser
CA
Cristina Alvarez-Quinones
Representative of SIDI
EM
Eric Morel d'Arleux
Private investor
EC
Emmanuel Caeymaex
Private investor
XT
Xavier Thauron
Director of Social Investment, Phitrust Partenaires
DB
Danaé Becht
Senior Investment Officer, Phitrust Partenaires
Experts
GU
Graziella U
Retail & marketing
JR
Jean-Boris Roux
Chain of restoration & food
CN
Cam-Chi Nguyen
Impact & financial advisory
GC
Gregory Coquille
Food industry
AD
Andrea d’Avack
Sustainable fashion
GH
Gaetan Herinckx
Partner & Investment Director, Phitrust Europe
VH
Van Hoang
Beauty & e-commerce sales & marketing strategy
GH
Gael Hornebeck
Brand & marketing
“I was specially attracted by Phitrust's excellent track record on various continents; a very dedicated, enthusiastic and locally based team focused on Southeast Asian local economies; a definite commitment to agriculture and access to employment — key sectors to aim at a social impact. Hence, welcome to join our nice group of impact investors!”
Lionel Requillart
Chairman of the Investment Committee — former head of Artisans d'Angkor, Cambodia
“In 2020, SIDI decided to pursue its activities in the region in close partnership with Phitrust Asia — to benefit from its local presence, its networks of enterprises and its ‘impact first’ positioning, similar to that of SIDI. Supporting small farmers and creating added value locally, through food value chains that respect the environment, biodiversity and people, is at the heart of both our strategies.”
Anne-Sophie Bougouin
CEO of SIDI — Solidarité Internationale pour le Développement et l'Investissement
We source and invest alongside a network of local incubators, angels and impact pioneers
Become an investor
Join our group of impact investors
Phitrust Asia welcomes new investors and partners who share its ambition for impact enterprises in Southeast Asia.
Minimum investment — $100KCommitted for the long term, alongside a group of like-minded impact investors.
A seat at the Investment CommitteeEvery investor can take part — analysing opportunities with the team and deciding on investments and exits.
“I selected Phitrust Asia for three reasons: a dedicated, locally-based team full of expertise and enthusiasm; a good track record along multiple projects in different sectors and geographies; and their inclusiveness to leverage my own skillsets as a hands-on Investment Committee member.”
Alain Sepulchre
Anchor investor since 2023 — Senior adviser, member of the Investment Committee
“Henri de Reboul offered us the opportunity to create together an impact investment vehicle in Southeast Asia and deploy the impact investing expertise we developed in Europe. We are delighted to see that Phitrust Asia, with patience, determination and confidence in promising social entrepreneurs, is succeeding to identify and select high-quality ventures and to support them. Let’s convince other investors and partners to join Phitrust Asia!”
Olivier de Guerre
President of Phitrust Asia and Phitrust
Contact us
Whether you are applying for investment, considering investing in Phitrust Asia, requesting the latest investor report, or exploring a partnership — write to us and Henri will come back to you personally.
