TriLinc Global Impact Fund Invests $22 Million in Emerging Markets
TriLinc Global Impact Fund, a non-traded, externally managed, limited liability company, approved $22 million in term loan and trade finance transactions with companies operating Africa, Latin America and Southeast Asia.
TriLinc is an impact investing fund that provides growth-stage loans and trade finance to established small and medium enterprises in developing economies where access to affordable capital is significantly limited. 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.
TriLinc funded $4 million to an Argentine meat production and processing company as part of an existing $9 million revolving trade finance facility at an interest rate of 11.50 percent. The company also funded $10 million as part of an existing $10 million senior secured trade finance facility at 11.5 percent interest to a Singaporean agricultural products exporter operating in Sub-Saharan Africa.
On July 28, 2016, TriLinc funded $7.5 million in trade finance and term loan transactions, including $2.3 million to a Mauritanian-based vanilla exporter; $1.4 million to a locally-owned Nigerian marine logistics provider; $3.8 million to an energy efficient Moroccan-based scrap metal recycler and processor; and $554,500 to a South African electronics company that assembles affordable cellular phones and televisions.
“As our investment activity continues to scale past $350 million, it is exciting to see the diversity of opportunities that are evaluated by TriLinc and its sub-advisors across geographies, industries, impact themes, and investment types,” said Gloria Nelund, TriLinc chief executive officer. “Our recent investments are no exception to this trend as we have financed a set of borrowers that operate at various stages within the agricultural and manufacturing supply chains in Latin America and Africa and promote the competitive participation of locally-owned business or locally-sourced products in the global marketplace.”
TriLinc invests in small and medium size enterprises through local market sub-advisors, and expects to create a diversified portfolio of financial assets consisting primarily of collateralized private debt instruments. The company also aggregates and analyzes social, economic, and environmental impact data to track progress and measure success against stated objectives.
