Triloma EIG Global Energy Funds Declare Initial Distributions
The board of trustees of the Triloma EIG Global Energy Fund and Triloma EIG Global Energy Fund I have declared the initial distributions for each of the funds. The funds are managed by Triloma Energy Advisors and EIG Credit Management Co. and offer individuals an opportunity to invest in the debt of U.S. and non-U.S. energy companies and projects, in many instances alongside institutional investors.
For the Triloma EIG Global Energy Fund, the board declared a series of distributions representing an annualized yield of 7.25 percent based on the current public offering price of $25.64 per share.
For the Triloma EIG Global Energy Term Fund I, the board declared a series of distributions representing an annualized yield of 6.75 percent based on the current public offering price of $26.32 per share.
Additionally, EIG Credit Management Co., the investment sub-advisor to the funds, contractually committed to pay the respective operating expenses to ensure the funds’ bear a reasonable level of expenses in relation to their income and to ensure that no portion of the distributions will be paid from offering proceeds or borrowings.
The DI Wire previously reported that the funds went effective in August, and at that time Barry Goff, managing director of Triloma, said, “We believe EIG’s singular focus in providing capital to energy companies and energy-related infrastructure and resource projects represents a significant competitive advantage for the funds relative to the other energy capital providers.”
And Blair Thomas, CEO of EIG noted that “Our 33-years of experience in the energy sector give us confidence that now is an attractive time to create the funds to take advantage of the energy market fundamentals. The demand for capital in the sector is vast, and EIG is uniquely positioned to capture the opportunities this demand creates due to our global platform, track record, and ability to invest in all aspects of the energy value chain.”
Triloma Financial Group is a private investment management firm providing individuals with alternative investment opportunities. Triloma manages and sponsors a group of private and publicly-offered investment programs focused on private equity, real estate and energy investments. The company is headquartered in Winter Park, Florida.
EIG specializes in private investments in energy and energy-related infrastructure on a global basis, and during its 33-year history, has invested in excess of $21.5 billion in the sector in more than 300 projects or companies in 35 countries on six continents. EIG’s clients include many of the leading pension plans, insurance companies, endowments, foundations and sovereign wealth funds in the U.S., Asia and Europe. EIG is headquartered in Washington, D.C. with offices in Houston, London, Sydney, Rio de Janeiro, Hong Kong and Seoul.
For more information about Triloma, visit their directory page here.
