TriLinc Global Impact Fund Approves TransAsia Private Capital Ltd. as a Sub-Advisor for Impact Investments in Southeast Asia
TriLinc Global Impact Fund has approved a new term loan sub-advisor
for business expansion and socioeconomic development in Southeast Asia,
broadening its existing term loan and trade finance investment
capabilities in Africa, Latin America, and Southeast Asia.
LOS ANGELES–(BUSINESS WIRE)–TriLinc Global Impact Fund (“TriLinc”) announced that it has approved a
new Investment Manager, TransAsia Private Capital Ltd. (“TransAsia”), to
act as a sub-advisor on term loan investment opportunities in Southeast
Asia.
TriLinc is an impact investing fund that provides growth-stage loans and
trade finance to established small and medium enterprises (“SMEs”) in
developing economies where access to affordable capital is significantly
limited. Impact Investing is defined as investing with the specific
objective of achieving a competitive financial return as well as
creating positive, measurable impact in communities across the globe.
TriLinc complements its global macroeconomic portfolio optimization and
management with investment services from experienced sub-advisors that
have solid track records in target asset classes and geographies, and
ample access to high-quality investment pipeline.
Established in 2013, TransAsia is a Hong Kong based asset management
firm focusing on extending short-and long-term trade finance to
mid-sized private companies in South and Southeast Asia, such as trading
companies, agricultural producers, and manufacturers, who sell directly
to overseas buyers. Since its inception, TransAsia has deployed
approximately $350 million in over 850 Asian trade finance transactions
with no default losses. TransAsia’s extensive in-country network allows
the firm to leverage its reputation in the region to strengthen
historical relationships and develop new relations with prospective
clients. TransAsia’s competitive advantage is supported by its
sophisticated institutional investor base.
TransAsia has recognized that over the past five years, the demand for
Asian trade finance, particularly for longer-dated transactions, has
outpaced supply due to changes in regulatory capital requirements.
TransAsia aims to reduce the widening gap in the lending market, created
in large part by banks that have reallocated credit lines to larger
borrowers. TriLinc’s partnership with TransAsia will provide longer
dated trade finance and term loans to borrowers in Indonesia, Malaysia,
Philippines, Cambodia, and Thailand, matching the demand of target
borrower companies in the region, and helping them achieve sustainable
growth through more flexible financing options.
TransAsia’s three managing partners are well-versed in Asian debt asset
management with 90 years of combined experience in banking, private
equity, and private debt. Each partner has robust experience in Asian
markets developed at leading global financial institutions such as
Lloyds, Chase Bank, Income Partners Asset Management, MeesPierson/Fortis
Bank, and HypoVereinsbank. TransAsia’s strong credit analysis and
structuring expertise is further supported by an in-house credit scoring
system that is used for risk structuring, management, and monitoring.
“Recognizing the unprecedented investment and impact opportunities in
Southeast Asia, TriLinc has partnered with TransAsia to further develop
its longer-dated trade finance and term loan capabilities,” said Gloria
Nelund, TriLinc’s CEO. “TransAsia’s longstanding borrower relationships
and institutional quality approach to portfolio management will extend
our activity in the region and enable us to generate competitive
risk-adjusted returns for U.S. investors while meeting the financial
demands of local SMEs.”
“We are delighted to be partnering with TriLinc in Asia on impact
investing within a defined Environmental, Social, and Governance
framework,” stated TransAsia’s Managing Partners. “This introduces an
important new source of capital which will go a long way in promoting
responsible business practices within the SME sector in the region.”
About TriLinc Global Impact Fund
TriLinc is a 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. TriLinc 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. TriLinc’s investment objectives
are to generate current income, capital preservation and modest capital
appreciation. In addition, the Company aggregates and analyzes social,
economic, and environmental impact data to track progress and measure
success against stated objectives.
Forward-Looking Statements
This press release contains forward-looking statements within the
meaning of the federal securities laws and regulations. These
forward-looking statements are identified by their use of terms and
phrases such as “anticipate,” “believe,” “continue,” “could,”
“estimate,” “expect,” “intend,” “may,” “plan,” “predict,” “project,”
“should,” “will” and other similar terms and phrases, including
references to assumptions and forecasts of future results. Forward-looking
statements are not guarantees of future performance and involve known
and unknown risks, uncertainties and other factors that may cause the
actual results to differ materially from those anticipated at the time
the forward-looking statements are made. Although the Company
believes the expectations reflected in such forward-looking statements
are based upon reasonable assumptions, it can give no assurance that the
expectations will be attained or that any deviation will not be material.
The Company undertakes no obligation to update any forward-looking
statement contained herein to conform the statement to actual results or
changes in the Company’s expectations.
Contacts
TriLinc Global Impact Fund
Gloria Nelund
Chief Executive
Officer
310-220-0871
