TriLinc Global Impact Fund LLC, a publicly registered non-traded limited liability company, has appointed a new trade finance sub-advisor, Origin Capital Limited, for business expansion and socioeconomic development in Latin America and Africa.
The company said that Origin Capital broadens its existing term loan and trade finance investment capabilities in Sub-Saharan Africa, Latin America, Southeast Asia, and Emerging Europe.
TriLinc Global Impact Fund is an impact investing fund that provides growth-stage loans and trade finance to established small and medium enterprises (SMEs) primarily in developing economies where access to affordable capital is significantly limited. The company invests in SMEs through local market sub-advisors and expects to create a portfolio of financial assets consisting primarily of collateralized private debt instruments.
Impact investing is defined as investing with the specific objective of achieving a competitive financial return as well as creating positive, measurable impact in communities across the globe.
Collectively, TriLinc Global Impact Fund’s 11 sub-advisors, including Origin, have deployed more than $43 billion in developing economy debt transactions.
“We are very excited about our partnership with Origin for broadening our existing term loan and trade finance investment capabilities throughout Latin America and Africa,” said Gloria Nelund, chief executive officer of TriLinc Global Impact Fund. “International trade has the potential to deliver important, short, medium, and long-term economic development to SMEs and the communities in which they operate.”
Origin originates, structures, and manages transactions in Latin America and Africa, and partners with larger funds, development banks, and institutional investors. Origin’s founding partners have more than 50 years of combined experience in private debt, banking, and asset management in emerging markets.