LOS ANGELES--(BUSINESS WIRE)--TriLinc Global Impact Fund (“TriLinc”) announced today that it has recently approved a total commitment of $3.0 million in a revolving trade finance facility to a Peruvian insulated wire manufacturer. The transaction details are summarized below.
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 both a competitive financial return as well as creating positive, measurable impact on people and communities across the globe.
On May 2, 2014, TriLinc funded $1.5 million as part of a $3.0 million revolving facility at 8.00% interest to an SME Peruvian insulated wire manufacturer. Founded in 1968, the borrower manufactures and distributes insulated electrical wires and cable conductors to domestic and international buyers. The company supports Peru’s burgeoning middle class with needed services like transportation, communications and housing by introducing Peru to the latest technological innovations for developing and maintaining a country’s infrastructure. Additionally, with a commitment to product quality, the borrower was the first company in Peru and first cable manufacturing company in Latin America to have an ISO 9001-certified quality management system.
“TriLinc’s process requires the companies it invests in to have the potential to foster economic development, as well as the intention to create impact with clearly identified impact objectives that can be measured and reported,” noted TriLinc CEO Gloria Nelund. “By investing only in companies that intentionally focus on improving society while still generating competitive returns, TriLinc seeks to demonstrate that investors can do well by doing good.”
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 as well as 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.
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