Ex-CNL Execs to Launch Public, Non-Traded Energy Offering
Triloma Financial Group (Triloma) and EIG Global Energy Partners (EIG) recently announced the pair have formed Triloma EIG Global Energy Fund, a public, non-traded investment offering. Managed by Triloma Energy Advisors and EIG Credit Management Company, the Fund will invest globally in privately originated debt of energy projects and companies.
“Our creation of this Fund with EIG represents a significant milestone in Triloma’s strategy of identifying unique alternative investment opportunities and creating longstanding joint ventures with experienced and proven investment partners,” said Larry Goff, Chief Executive Officer of Triloma Securities.
The Florida-based Triloma Financial Group provides investors with access to alternative investment opportunities, either through public or private offerings of real estate, energy, or private equity programs. Its executive team is comprised of six individuals with vast industry experience and a common connection through experience working at CNL Financial Group or one of its affiliates. CNL and affiliates sponsor, manage, and distribute alternatives like non-traded REITs and BDCs through the independent broker-dealer channel.
EIG manages over $14.2 billion in private investments in energy and energy-related infrastructure. Over the course of 33 years, EIG has invested in more than 300 projects or companies across 35 countries on six continents.
Goff added, “Partnering with EIG allows us to provide individual investors with unparalleled access to energy investment opportunities with one of the oldest and preeminent energy investors in the world.”
“The energy sector is a voracious consumer of capital and is tailor-made for specialists like EIG that can provide privately-negotiated financial solutions,” said R. Blair Thomas, Chief Executive Officer of EIG.
EIG sees opportunity in the sector despite the recent sharp drop in energy prices.
“Current market volatility only serves to increase the opportunity set as generalists exit the space and companies find themselves with funding gaps caused by lower commodity prices and commercial banks pulling back due to regulatory and market pressure,” commented Thomas.
He continued, “Our 33-years of experience in this space give us confidence that now is an attractive time to create the Fund to take advantage of current market dynamics. Triloma’s team has a strong distribution and asset management platform and extensive experience with publicly registered investment programs, and will allow us to attract a broader range of investors to our platform.”
The Fund will seek current income, capital preservation, and to a lesser extent, capital appreciation through investments in the debt of U.S. and non U.S.-based energy projects and companies. Triloma Securities, a FINRA registered broker-dealer, will serve as the managing dealer. The Fund has yet to be declared effective by the SEC.
