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Triloma EIG Global Energy Term Fund I Begins Investment Operations

Triloma EIG Global Energy Term Fund I, an unlisted investment company that focuses primarily on privately originated energy company and project debt, invested in senior secured notes issued by Sabine Pass Liquefaction LLC.

Sabine Pass is a project company formed to own, develop and operate natural gas liquefaction facilities in Cameron Parish, Louisiana. It was formed in 2010 by Cheniere Energy Partners, L.P., a publicly traded limited partnership and an indirect subsidiary of Cheniere Energy, Inc., a publicly traded Houston-based energy company primarily engaged in LNG-related businesses.

The notes, which mature on March 15, 2022, are secured by a first lien security interest in substantially all of the assets of Sabine Pass. The project is supported by fixed price, 20-year liquefied natural gas sale and purchase agreements with investment grade counterparties. In February 2016, the project achieved a milestone when the first cargo of liquefied natural gas was exported.

Triloma EIG Global Energy Term Fund I, which was declared effective in August 2015, is seeking to raise up to $1 billion, as previously reported by The DI Wire.

Triloma Financial Group is a private investment management firm providing individuals with a unique approach to alternative investment opportunities. Triloma manages and sponsors a group of private and publicly offered investment programs focused on private equity, real estate and energy investments.

EIG specializes in private investments in energy and energy-related infrastructure on a global basis and had $14.7 billion under management as of December 31, 2015. During its 34-year history, EIG has invested more than $21.5 billion in the sector in more than 300 projects or companies in 35 countries on six continents. EIG’s clients include many of the leading pension plans, insurance companies, endowments, foundations and sovereign wealth funds in the U.S., Asia and Europe. EIG is headquartered in Washington, D.C. with offices in Houston, London, Sydney, Rio de Janeiro, Hong Kong and Seoul.