TriLinc Global Impact Fund (TriLinc), a non-traded limited liability company, approved an impact investment of $3 million for a Peruvian insulated wire manufacturer. The Peruvian company was founded in 1968 and manufactures and distributes insulated electrical wires and cable conductors. It was the first company in Peru to have an ISO 9001-certified quality management system and is committed to product quality.
TriLinc makes impact investments in small and medium sized enterprises, known as SMEs, in developing economies that provide the opportunity for financial returns and positive economic, social or environmental impact. On May 2, 2014 TriLinc provided the Peruvian SME with $1.5 million at 8% interest as part of a revolving facility.
Gloria Nelund, CEO of TriLinc, commented, “TriLinc’s process requires the companies it invests in to have the potential to foster economic development, as well as the intention to create impact with clearly identified impact objectives that can be measured and reported.” She continued, “By investing only in companies that intentionally focus on improving society while still generating competitive returns, TriLinc seeks to demonstrate that investors can do well by doing good.”
TriLinc’s managing broker-dealer is SC Distributors, which RCS Capital Corp agreed to purchase through the acquisition of Validus Strategic Capital Partners just last week.
As of May 28, 2014, TriLinc’s total financing commitments for business expansion and socioeconomic development in Latin America and Southeast Asia was $28.7 million. The company intends to close its offering February 25, 2015.