|[July 10, 2014]
TriLinc Global Impact Fund Approves Barak Fund Management Limited as Sub-Advisor for Impact Investments in Africa
LOS ANGELES --(Business Wire)--
TriLinc Global Impact Fund ("TriLinc") announced that it has approved a
new Investment Manager, Barak Fund Management Limited, to act as its
Sub-Advisor on investment opportunities in Africa.
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 on people and communities across
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 pipelines. Barak Fund Management
Limited (Barak) is an Africa-based asset management company founded in
2008, focusing on trade finance for SMEs in the agriculture and
commodities sectors. Barak specializes in sourcing and originating
mainly soft commodity transactions with strong collateral
characteristics. With affiliate offices in Mauritius and South Africa,
the Barak team is able to source and take advantage of the numerous
opportunities that arise in some of the world's fastest growing
economies. The company has completed close to $1 billion in transactions
across Sub-Saharan Africa since its inception.
Barak's two founding principals have more than 35 years of combined
experience in trading, internatonal banking and private equity
investment in Africa. Both possess specialist expertise and proven track
records in the agriculture and commodities sectors, developed at a
variety of world-class institutions such as Standard Bank, Absa,
Barclays and Rand Merchant Bank.
"As part of its investment and impact strategy, TriLinc has expanded its
geographic reach to Africa and further developed its trade finance
capabilities," said Gloria Nelund, TriLinc's CEO. "Our partnership with
Barak provides a robust platform for achieving these objectives, thanks
to the firm's strong presence in local African markets and its trade
Prieur du Plessis, Portfolio Manager for Barak, stated, "We are
delighted to be working with the TriLinc team in helping to drive
market-oriented investment in Africa in a sustainable way. TriLinc is an
ideal partner for us because the team understands the characteristics of
working in Africa, and at the same time offers a global perspective.
Initiatives such as this have a direct impact on the lives of
job-seekers, workers and consumers of basic products in African
About TriLinc Global Impact Fund
TriLinc is a non-traded, externally managed, limited liability company
that makes impact investments in small- and medium-sized enterprises
("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.
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.
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