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TriLinc Global Impact Fund Hires New Sub-Advisor for Southeast Asia Investments

TriLinc Global Impact Fund, a non-traded, externally managed, limited liability company, has approved a new investment manager, TransAsia Private Capital Ltd., 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 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 said that its 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.

“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.”

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.

TriLinc invests in small and medium size enterprises through local market sub-advisors and expects to create a diversified portfolio of financial assets consisting primarily of collateralized private debt instruments. The company also aggregates and analyzes social, economic, and environmental impact data to track progress and measure success against stated objectives. As of December 31, 2016, the company has made $244.1 million in financing commitments for business expansion and socioeconomic development through its holdings in Africa, Latin America and Southeast Asia.

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