MANHATTAN BEACH, Calif. – BUSINESS WIRE – TriLinc Global Impact Fund, LLC (“TriLinc Global Impact Fund” or “TGIF”) announced today the approval of WCA (Working Capital Associates) LLP (“WCA”) as a new sub-advisor for business expansion and socioeconomic development in Africa and Latin America. WCA initially entered into a partnership with TriLinc Global, LLC (“TriLinc”) in January 2022 to act as an origination and servicing partner for its private funds.
“We are very excited to be expanding our partnership with Working Capital Associates for broadening our existing term loan and trade finance investment capabilities throughout Africa and Latin America”, stated Gloria Nelund, CEO and founder of TriLinc. “International trade has the potential to deliver important short, medium, and long-term economic development to SMEs and the communities in which they operate. WCA’s experienced track record, local in-country presence and institutional quality approach to portfolio management aligns with our goal to deliver risk-adjusted returns to our investors while creating positive measurable impact in communities across the globe.”
Federica Sambiase, WCA’s CEO & Founder commented, “This new agreement comes after over a year of co-investing with TriLinc in our portfolio of food value chains in Africa and Latin America. It represents an important step towards achieving WCA’s mission of scaling up its highly successful approach. WCA feels privileged to partner with TriLinc to successfully scale its operations based on a tried-and-proven business model: providing access to capital to high-growth food systems in developing countries, creating proven societal impact and, at the same time, market-rate returns for investors. Our alliance is underpinned by our shared investment values and by our desire to advance the female investing agenda”.
About TriLinc Global Impact Fund
TGIF is a public non-traded, externally managed, limited liability company that makes impact investments in SMEs in developing economies that provide the opportunity to achieve both competitive financial returns and positive measurable impact. TGIF invests in SMEs through experienced local market sub-advisors and expects to create a diversified portfolio of financial assets consisting primarily of collateralized private debt instruments. In addition, TGIF aggregates and analyzes social, economic, and environmental impact data to track progress and measure success against stated objectives. For more information, please go to our website: www.trilincglobal.com
About Working Capital Associates
Working Capital Associates is a 2X Criteria, female led and founded alternative private credit provider, specialized in responsible financing to sustainable food systems for high growth SMEs in Africa and Latin America. WCA’s vision is to grow climate-smart food systems, by providing private credit to support mid-stream players that use and/or intend to grow the usage of climate-smart transformative production processes. WCA’s strategy is to provide working capital financing to cover the order-to-cash trade cycle, and to incentivize the transition from traditional production methods to climate friendly processing.
Founded in 2018, WCA operates within the framework of three key UN development principles: SDG 2 (food security and sustainable agriculture), SDG 12 (sustainable consumption and production patterns) and SDG 8 (inclusive and sustainable economic, growth, employment, and decent work). Its team is comprised of 8 different nationalities and is spread across 3 continents, with physical presence in each of the target investment countries. The senior members at WCA have more than 85 years of combined experience in private and alternative debt investments in Africa and Latin America.
For more information, please visit us on: https://www.workingcapitalassociates.com/
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Forward Looking Statements
This press release contains forward-looking statements (including, without limitation, statements concerning the use of financing provided to borrowers and the expected repayment of financing extended to the borrowers) that are based on TGIF’s current expectations, plans, estimates, assumptions, and beliefs that involve numerous risks and uncertainties, including without limitation, the future operating performance of the borrower and those risks set forth in the “Risk Factors” section of TGIF’s most recent Annual Report on Form 10-K, as amended or supplemented by TGIF’s other filing with the Securities and Exchange Commission. Although these forward-looking statements reflect management’s belief as to future events, actual events or TGIF’s investments and results of operations could differ materially from those expressed or implied in these forward-looking statements. To the extent that TGIF’s assumptions differ from actual results, TGIF’s ability to meet such forward-looking statements may be significantly hindered. You are cautioned not to place undue reliance on any forward-looking statements. TGIF cannot assure you that it will attain its investment objectives.
Contacts
Robert Kronman – Director of Marketing, TriLinc Global
rkronman@trilincglobal.com
(o) 424 200 6202
(c) 310 497 2116
Working Capital Associates. “WCA” is a female-led alternative credit provider specializing in short term credit in transactional finance for African and LatAm exporters. Founded in 2018, WCA provides strategic and transformational supply chain financing to companies with exports to Western markets for sustainable food and Agri produce originating from Africa and Latin America. WCA’s team is comprised of 8 different nationalities and is spread across 3 continents. WCA has completed over $1 billion in transactions since its inception. WCA’s principals have more than 65 years of combined experience in trading and private debt investment in Africa and Latin America.