Triloma EIG Global Energy Funds to Expand Range of Investment Opportunities
Triloma EIG Global Energy Fund and Triloma EIG Global Energy Term Fund I, two unlisted investment companies that focus on privately originated energy company and project debt, are expanding their range of investment opportunities.
The U.S. Securities and Exchange Commission issued a notice of application for an order for exemptive relief that will permit Triloma EIG Global Energy Fund and Triloma EIG Global Energy Term Fund I to co-invest in portfolio companies with each other and with certain affiliated investment funds.
The SEC is expected to grant the order in approximately 30 days, which would allow participation in directly originated investment transactions, including those alongside EIG’s private funds, subject to certain conditions.
“We feel the current energy market conditions are creating investment opportunities in both privately negotiated transactions and secondary market transactions. We believe the exemptive relief order will generate greater deal flow, broaden our market relationships and allow us to be more selective in choosing investments that provide the most attractive risk-adjusted returns,” said R. Blair Thomas, chief executive officer of EIG Global Energy Partners.
“We employ a disciplined, value-oriented investment approach for the funds that is designed to maximize current income and minimize the risk of capital loss,” said Deryck Harmer, president and chief executive officer of the Triloma EIG Global Energy Funds. “We believe that co-investing in transactions with EIG provides greater access to energy investments that are structured with favorable protections, including asset-based collateral and rigorous covenants.”
Triloma Financial Group is a private investment management firm providing individuals with a unique approach to 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.
EIG specializes in private investments in energy and energy-related infrastructure on a global basis and had $13.8 billion under management as of March 31, 2016. During its 34-year history, EIG has invested more than $22.2 billion in the sector in more than 310 projects or companies in 36 countries on six continents. EIG’s clients include pension plans, insurance companies, endowments, foundations and sovereign wealth funds in the U.S., Asia and Europe.
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