The TriLinc Global Sustainable Income Fund 2019 Sustainability & Impact Report provides an overview of investment activity from September 2017 to December 2019 (the “Reporting Period”), and offers evidence through numerous case studies as to how TGSIF’s small and medium enterprise (“SME”) borrower companies are helping to contribute to the economic, social, and environmental well-being of their communities.
To download a copy of the report, please click here.
Managing Partner Joan Trant discusses the new paradigm of incorporating ESG and impact investing as a risk mitigation portfolio strategy.
This interview was conducted at the Total Impact Philadelphia conference in April 2018. To learn more, visit their website at http://totalimpactconference.com/.
Read more about Joan’s participation in this conference here.
Gloria Nelund founded TriLinc after a rewarding career in the international asset management industry. She is responsible for leading the Company’s high level strategy and directing its growth since its founding in 2008. Gloria brings to TriLinc more than 30 years of experience in executive management of multi-billion dollar financial institutions, as well as deep expertise in the creation, sales and distribution of investment products.
Most recently, Gloria was the CEO of the U.S. Private Wealth Management Division at Deutsche Bank, the world’s fifth largest financial institution. In this capacity, she held fiduciary responsibility for more than $50 billion in investment assets, including more than $20 billion in emerging markets and credit instruments. In addition to her role as divisional CEO, Gloria served as the only female member of the Global Private Wealth Management Executive Committee.
Gloria has been a pioneer in the development of social impact products. She was instrumental in making Deutsche Bank a leading institutional supporter of microcredit, creating multiple programs to help Private Wealth Management clients learn about and invest in the sector. Gloria also served on the Board of the Deutsche Bank Americas Community Development Group, with responsibility for providing loans, investments and grants to targeted organizations throughout the U.S. and Latin America. Gloria also was the Managing Director of Scudder Kemper Investments prior to its purchase by Deutsche Bank. While at Scudder, she supported the development and growth of one of the industry’s first socially-responsible investment (SRI) products.
Prior to her tenure at Deutsche Bank, Gloria spent 16 years as an executive at Bank of America/Security Pacific Bank, most notably as President and CEO of BofA Capital Management, Inc., an investment management subsidiary managing $35 billion in assets for both retail and institutional investors. In addition to managing fixed-income and equity mutual funds in the U.S. and internationally, Gloria’s division was responsible for managing assets on behalf of public funds, common trust funds and corporate funds.
In addition to her activities with TriLinc, Gloria is an Independent Trustee of the Victory Funds, a mutual fund complex with more than $32.9 billion in assets under management. She is a life-long supporter of development-oriented philanthropic causes. She has volunteered as a teacher of at-risk youth in the Los Angeles Unified School District and the YMCA of Los Angeles. Gloria currently sits on the board of multiple not-for-profit organizations and actively supports entrepreneurship research and education. She is an active speaker and guest lecturer on Impact Investing at conferences and several top business schools, including Columbia, Georgetown, Wheaton, Kellogg, Stanford and MIT.
AIC is an investment firm advised by the founding principals of TAEL Partners Ltd. (“TAEL”) and established to provide investment services to TriLinc. TAEL is a leading Southeast Asian investment firm founded in 2007 by seasoned industry veterans with long-term track records and diverse investment capabilities across Southeast Asia. TAEL’s investment professionals have deep roots in Southeast Asia and extensive experience working for leading financial institutions on both international and local levels. TAEL’s founding principals have over 121 years of collective Asian market investment experience. The company has a hands-on approach and can adapt and tailor its investment structures to the nuances of the Southeast Asian markets while partnering with established, growing businesses. Leveraging its wide and established network of business relationships in the region, TAEL generally enjoys an absence of competitive bidding, and is often able to undertake investments at attractive pricing levels. TAEL’s founding principals have over $22.3 billion in credit transaction experience.
< View more Investment Partners
Any Deal Origination and Servicing Partner data depicted is as reported to TriLinc by the Deal Origination and Servicing Partners on an annual and/or ad hoc basis. Deal Origination and Servicing Partner relationships are subject to change. Capital deployed by Deal Origination and Servicing Partner relationships are subject to change. Capital deployed by Deal Origination and Servicing Partners is not solely in connection with TriLinc products or transactions and may apply to Deal Origination and Servicing Partner firms, products, or personnel as relevant. Years of experience refers specifically to the industry related experience of the Deal Origination and Servicing Partner personnel with whom TriLinc works both at their current firms and/or at prior firms. There is no assurance that a Deal Origination and Servicing Partner’s past performance will be indicative of future results.
• Africa Global Trade Finance Ltd, or “AGTF” (formerly AMC Trade Finance Ltd, or “AMCTF”): AGTF was established in 2016 by Africa Merchant Capital Group, a U.K.-based boutique merchant banking services business founded in 2012, in order to implement its middle market trade finance strategy in Sub-Saharan Africa. The global regulatory environment has reduced commercial banks’ appetite to deploy funds into the African trade finance market, and non-banking sectors have insufficient capital resources, leaving the SME sector underfunded. AGTF aims to increase the availability of trade finance for domestic and regional trade in Sub-Saharan Africa through offering a range of flexible short-term trade finance product solutions. The AGTF product range includes off-balance sheet stand-alone transactional facilities, back-to-back Letter of Credit facilities, trade-receivable discounting, supplier cash payments and documentary collections. AGTF’s principals have approximately 65 years of combined experience in banking, corporate finance, trade finance, and emerging markets and have completed more than $1.1 billion in trade finance transactions. TriLinc’s partnership with AGTF provides short-term trade finance to borrowers trading into or out of select countries in Sub-Saharan Africa, responding to the demand of target borrower companies in the region, and helping them achieve sustainable growth through more flexible financing options. AGTF serves as a secondary sub-advisor. AMCTF’s name was changed to AGTF in December 2021, when Zebu Investment Partners, through its African Food Security LP, completed an equity buyout of the founders. As a result of the buyout, Africa Merchant Capital Group no longer has any interest in or relationship to AGTF.
< View more Investment Partners
Any Deal Origination and Servicing Partner data depicted is as reported to TriLinc by the Deal Origination and Servicing Partners on an annual and/or ad hoc basis. Deal Origination and Servicing Partner relationships are subject to change. Capital deployed by Deal Origination and Servicing Partner relationships are subject to change. Capital deployed by Deal Origination and Servicing Partners is not solely in connection with TriLinc products or transactions and may apply to Deal Origination and Servicing Partner firms, products, or personnel as relevant. Years of experience refers specifically to the industry related experience of the Deal Origination and Servicing Partner personnel with whom TriLinc works both at their current firms and/or at prior firms. There is no assurance that a Deal Origination and Servicing Partner’s past performance will be indicative of future results.
Barak is an Africa-based asset management company founded in 2008 that manages private debt funds focused on providing trade finance and term loans to small and middle market companies in Africa. Barak specializes in sourcing and originating mainly commodity and agricultural-related transactions with strong collateral characteristics. With affiliate offices in Côte d’Ivoire, Ghana, Kenya, Mauritius, South Africa and the United Kingdom, the Barak team is positioned to source and take advantage of the numerous opportunities that arise in some of the world’s fastest growing economies. Barak has completed over $4.6 billion in transactions since its inception. Barak’s two founding principals have more than 54 years of combined experience in trading, international banking and private debt investment in Africa. Both possess specialist expertise and proven track records in the agricultural and commodities sectors.
< View more Investment Partners
Any Deal Origination and Servicing Partner data depicted is as reported to TriLinc by the Deal Origination and Servicing Partners on an annual and/or ad hoc basis. Deal Origination and Servicing Partner relationships are subject to change. Capital deployed by Deal Origination and Servicing Partner relationships are subject to change. Capital deployed by Deal Origination and Servicing Partners is not solely in connection with TriLinc products or transactions and may apply to Deal Origination and Servicing Partner firms, products, or personnel as relevant. Years of experience refers specifically to the industry related experience of the Deal Origination and Servicing Partner personnel with whom TriLinc works both at their current firms and/or at prior firms. There is no assurance that a Deal Origination and Servicing Partner’s past performance will be indicative of future results.
Established in 2014, CCL Capital is a European-focused spin-off of ADM Capital, which has specialized in recovery, special situations and stressed opportunities across Asia since 1998 and in the Central and Eastern Europe, Central Asia and Turkey (CEECAT) region since 2005. CCL manages all of ADM Capital’s legacy assets in the CEECAT region and focuses on extending private credit to SMEs who cannot access regular bank financing due to factors such as local regulatory restrictions on bank lending, illiquidity or stress in the banking sector, delays in the bank approval process, collateral coverage mismatch for local banks, among others. CCL’s principals have over 78 years of combined experience in corporate and structured finance, cash equity sales and equity derivative sales, and have completed a total of ~$353 million in debt investment deals across the CEECAT region. CCL has a demonstrated track record in establishing, operating, managing and advising funds that invest in companies across the region through utilizing their strong cultural knowledge of the local legal jurisdictions and regulatory compliance requirements.
< View more Investment Partners
Any Deal Origination and Servicing Partner data depicted is as reported to TriLinc by the Deal Origination and Servicing Partners on an annual and/or ad hoc basis. Deal Origination and Servicing Partner relationships are subject to change. Capital deployed by Deal Origination and Servicing Partner relationships are subject to change. Capital deployed by Deal Origination and Servicing Partners is not solely in connection with TriLinc products or transactions and may apply to Deal Origination and Servicing Partner firms, products, or personnel as relevant. Years of experience refers specifically to the industry related experience of the Deal Origination and Servicing Partner personnel with whom TriLinc works both at their current firms and/or at prior firms. There is no assurance that a Deal Origination and Servicing Partner’s past performance will be indicative of future results.
Scipion is a Sub-Saharan Africa-focused investment management firm that has deployed over $512 million in trade finance transactions since its inception in 2007. Headquartered in London, with an office in Geneva and investment team member presence in Botswana and Morocco, the firm focuses its investment strategy on managing a diversified portfolio of trade finance assets across multiple industries, geographies, and financing structures. More specifically, Scipion’s emphasis on short duration and self-liquidating transactions is a cornerstone of its investment strategy and has translated into an attractive track record of risk-adjusted returns and a reputation as one of the leading trade finance managers in the region. Scipion’s principals execute the firm’s strategy through over 154 years of combined experience in banking, emerging markets, and trade finance in Africa.
< View more Investment Partners
Any Deal Origination and Servicing Partner data depicted is as reported to TriLinc by the Deal Origination and Servicing Partners on an annual and/or ad hoc basis. Deal Origination and Servicing Partner relationships are subject to change. Capital deployed by Deal Origination and Servicing Partner relationships are subject to change. Capital deployed by Deal Origination and Servicing Partners is not solely in connection with TriLinc products or transactions and may apply to Deal Origination and Servicing Partner firms, products, or personnel as relevant. Years of experience refers specifically to the industry related experience of the Deal Origination and Servicing Partner personnel with whom TriLinc works both at their current firms and/or at prior firms. There is no assurance that a Deal Origination and Servicing Partner’s past performance will be indicative of future results.
Founded in 2002, TRG is a leading emerging markets asset management firm. The firm and its affiliates manage product offerings across private equity, private credit, hedge funds, fixed income, infrastructure and real estate. TRG is headquartered in New York, with offices around the globe including Brazil, Peru, Uruguay, Argentina, India, Singapore, and London. TRG’s Latin American Credit Team (“LACT”) is composed of five senior members that have collectively over 194 years of investment experience in institutional lending, debt structuring, sales and trading, and high-yield distressed debt transactions. With a deep network of relationships throughout Latin America, LACT has deployed over $1.3 billion since 2004 in credit transactions in some of the region’s most predominant sectors, including the utility, telecommunications, retail, and energy industries. TRG’s disciplined investment process, robust investment administration and operations infrastructure, and strong emerging market investment track record support LACT and its strategy to create substantial value for its investors and SMEs that are currently underserved by traditional banks and financial intermediaries operating in the region.
< View more Investment Partners
Any Deal Origination and Servicing Partner data depicted is as reported to TriLinc by the Deal Origination and Servicing Partners on an annual and/or ad hoc basis. Deal Origination and Servicing Partner relationships are subject to change. Capital deployed by Deal Origination and Servicing Partner relationships are subject to change. Capital deployed by Deal Origination and Servicing Partners is not solely in connection with TriLinc products or transactions and may apply to Deal Origination and Servicing Partner firms, products, or personnel as relevant. Years of experience refers specifically to the industry related experience of the Deal Origination and Servicing Partner personnel with whom TriLinc works both at their current firms and/or at prior firms. There is no assurance that a Deal Origination and Servicing Partner’s past performance will be indicative of future results.
