Investment Partner: EFA Group

Eurofin Investments Pte. Ltd. and its affiliate, EFA RET Management Pet Ltd.

EFA Group is a Southeast Asia-headquartered asset manager that specializes in term loan and trade finance strategies, respectively, through its affiliated firms. Since inception in 2003, EFA Group has deployed approximately $6 billion in trade finance and term loan transactions globally, including over $554 million in term loan transactions in the Company’s target geographies of Vietnam, Malaysia, Indonesia, and Philippines. Headquartered in Singapore with offices in London, Geneva, and Australia, EFA Group is a signatory to the United Nations-supported Principles for Responsible Investment and is managed by an experienced team of investment professionals with in-depth market knowledge and extensive in-country networks. EFA Group’s term loan strategy leverages robust track records, credit histories, and relationships with borrowers from its trade finance portfolio. The synergy between the affiliated firms capitalizes on proprietary information and market intelligence, enabling EFA Group to execute structured senior secured mid-term loans to middle-market enterprises operating along the region’s real economy value chains. The execution of EFA Group’s term loan strategy is led by the firm’s principals who have over 28 years of combined experience in lending strategies throughout the region. EFA Group’s investment activities are supported by a global network of more than 50 employees who provide strategic deal origination, credit underwriting, asset management, operations, and financial administration expertise.

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Investment Partner data depicted is as reported to TriLinc by Investment Partners on an annual and ad hoc basis. Investment Partner relationships are subject to change. Capital deployed by Investment Partners is not solely in connection with TriLinc products or transactions and may apply to Investment Partner firms, products, or personnel as relevant. Years of experience refers specifically to the industry related experience of the Investment Partner personnel with whom TriLinc works both at their current firms and/or at prior firms. There is no assurance that an Investment Partner’s past performance will be indicative of future results.

Investment Partner: Helios

Helios Investment partners, llp

Helios is an Africa-focused private investment firm that was established in 2004 and is based in London, Nigeria, and Kenya. Helios has invested in companies that operate in more than 35 countries across the African continent. Differentiated by a combination of investment skills, local and international networks, and a thorough understanding of the African environment, Helios is well-positioned to generate strong risk-adjusted returns for TriLinc’s term loan strategy in Sub-Saharan Africa. The Helios senior credit team members collectively have more than 67 years of investment experience and have completed over $938 million in debt transactions across Africa. These investment professionals lead the Helios credit team’s disciplined loan structuring and diligent risk management processes seeking to create attractive investment and impact opportunities for TriLinc’s term loan strategy throughout Sub-Saharan Africa.

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Investment Partner data depicted is as reported to TriLinc by Investment Partners on an annual and ad hoc basis. Investment Partner relationships are subject to change. Capital deployed by Investment Partners is not solely in connection with TriLinc products or transactions and may apply to Investment Partner firms, products, or personnel as relevant. Years of experience refers specifically to the industry related experience of the Investment Partner personnel with whom TriLinc works both at their current firms and/or at prior firms. There is no assurance that an Investment Partner’s past performance will be indicative of future results.

Investment Partner: Lending Ark

CLSA Capital Partners

Founded in 1995, CLSA Capital Partners is a Hong Kong-based asset management firm primarily focused on private equity, transportation and real estate assets, and credit strategies. CLSA Capital Partners has approximately $5 billion in assets under management; its Lending Ark Strategy (“Lending Ark”) invests in high quality, secured private debt opportunities across Asia. Lending Ark principals have expertise in Asia private debt with over 47 years of combined experience in structured credit, private debt, private equity, and investment banking. The senior members of Lending Ark have a combined total of over 65 years of experience in Asian markets, developing at leading institutions such as The Carlyle Group, Deutsche Bank, Credit Suisse, J.P. Morgan, Merrill Lynch, HSBC, and Credit Agricole CIB.

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Investment Partner data depicted is as reported to TriLinc by Investment Partners on an annual and ad hoc basis. Investment Partner relationships are subject to change. Capital deployed by Investment Partners is not solely in connection with TriLinc products or transactions and may apply to Investment Partner firms, products, or personnel as relevant. Years of experience refers specifically to the industry related experience of the Investment Partner personnel with whom TriLinc works both at their current firms and/or at prior firms. There is no assurance that an Investment Partner’s past performance will be indicative of future results.

Investment Partner: Origin

Origin Funding Partners

Origin is headquartered in Johannesburg, South Africa with associates in six countries. Origin originates, structures, and manages transactions in Latin America and Africa, and partners with larger funds, development banks, and institutional investors. Origin’s Latin American team is composed of two senior members with a combined 35 years of investment experience in Latin American debt. Their Africa Credit team is composed of four senior members that have collectively over 65 years of experience in African and Emerging Market debt. Origin is differentiated by a combination of investment skills, local and international networks, and a thorough understanding of the Latin American and African environments. Origin’s founding partners have more than 76 years of combined experience in private debt, banking, and asset management in emerging markets.

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Investment Partner data depicted is as reported to TriLinc by Investment Partners on an annual and ad hoc basis. Investment Partner relationships are subject to change. Capital deployed by Investment Partners is not solely in connection with TriLinc products or transactions and may apply to Investment Partner firms, products, or personnel as relevant. Years of experience refers specifically to the industry related experience of the Investment Partner personnel with whom TriLinc works both at their current firms and/or at prior firms. There is no assurance that an Investment Partner’s past performance will be indicative of future results.

Investment Partner: Enhanced Capital

Enhanced capital

Founded in 1999, Enhanced Capital is a U.S.-based impact investment firm. Enhanced Capital invests capital into local businesses, renewable energy projects, historic real estate rehabilitation, and affordable housing projects through federal and state incentive programs and other public policy investment strategies. Enhanced Capital has completed transactions investing in 36 states across the U.S., supporting small businesses through their Impact Lending strategy and other small business lending strategies. Enhanced Capital’s principals have a combined experience of over 45 years in credit analysis and asset management.

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Investment Partner data depicted is as reported to TriLinc by Investment Partners on an annual and ad hoc basis. Investment Partner relationships are subject to change. Capital deployed by Investment Partners is not solely in connection with TriLinc products or transactions and may apply to Investment Partner firms, products, or personnel as relevant. Years of experience refers specifically to the industry related experience of the Investment Partner personnel with whom TriLinc works both at their current firms and/or at prior firms. There is no assurance that an Investment Partner’s past performance will be indicative of future results.

Investment Partner: Scipion

Scipion Capital Ltd.

Scipion is a Sub-Saharan Africa-focused investment management firm that has deployed over $512 million in trade finance transactions since its inception in 2007. Headquartered in London, with an office in Geneva and investment team member presence in Botswana and Morocco, the firm focuses its investment strategy on managing a diversified portfolio of trade finance assets across multiple industries, geographies, and financing structures. More specifically, Scipion’s emphasis on short duration and self-liquidating transactions is a cornerstone of its investment strategy and has translated into an attractive track record of risk-adjusted returns and a reputation as one of the leading trade finance managers in the region. Scipion’s principals execute the firm’s strategy through over 154 years of combined experience in banking, emerging markets, and trade finance in Africa.

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Investment Partner data depicted is as reported to TriLinc by Investment Partners on an annual and ad hoc basis. Investment Partner relationships are subject to change. Capital deployed by Investment Partners is not solely in connection with TriLinc products or transactions and may apply to Investment Partner firms, products, or personnel as relevant. Years of experience refers specifically to the industry related experience of the Investment Partner personnel with whom TriLinc works both at their current firms and/or at prior firms. There is no assurance that an Investment Partner’s past performance will be indicative of future results.

Investment Partner: TransAsia

TransAsia Private Capital Ltd.

TransAsia is a Hong Kong-based asset management firm focusing on extending short- and long-term trade financing to mid-sized private companies in South and Southeast Asia. Since its inception in 2013, TransAsia has deployed approximately $6.8 billion. TransAsia’s three principals are well-versed in Asian debt asset management with 99 years of combined experience in banking, private equity, and private debt. All three have robust experience in Asian markets developed at leading institutions such as Income Partners Asset Management, MeesPierson/Fortis Bank, HypoVereinsbank, Lloyds and Chase Bank.

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Investment Partner data depicted is as reported to TriLinc by Investment Partners on an annual and ad hoc basis. Investment Partner relationships are subject to change. Capital deployed by Investment Partners is not solely in connection with TriLinc products or transactions and may apply to Investment Partner firms, products, or personnel as relevant. Years of experience refers specifically to the industry related experience of the Investment Partner personnel with whom TriLinc works both at their current firms and/or at prior firms. There is no assurance that an Investment Partner’s past performance will be indicative of future results.

Investment Partner: TRG

TRG Management, LP

Founded in 2002, TRG is a leading emerging markets asset management firm. The firm and its affiliates manage product offerings across private equity, private credit, hedge funds, fixed income, infrastructure and real estate. TRG is headquartered in New York, with offices around the globe including Brazil, Peru, Uruguay, Argentina, India, Singapore, and London. TRG’s Latin American Credit Team (“LACT”) is composed of five senior members that have collectively over 194 years of investment experience in institutional lending, debt structuring, sales and trading, and high-yield distressed debt transactions. With a deep network of relationships throughout Latin America, LACT has deployed over $1.3 billion since 2004 in credit transactions in some of the region’s most predominant sectors, including the utility, telecommunications, retail, and energy industries. TRG’s disciplined investment process, robust investment administration and operations infrastructure, and strong emerging market investment track record support LACT and its strategy to create substantial value for its investors and SMEs that are currently underserved by traditional banks and financial intermediaries operating in the region.

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Investment Partner data depicted is as reported to TriLinc by Investment Partners on an annual and ad hoc basis. Investment Partner relationships are subject to change. Capital deployed by Investment Partners is not solely in connection with TriLinc products or transactions and may apply to Investment Partner firms, products, or personnel as relevant. Years of experience refers specifically to the industry related experience of the Investment Partner personnel with whom TriLinc works both at their current firms and/or at prior firms. There is no assurance that an Investment Partner’s past performance will be indicative of future results.

Weekly Impact Investment Market Update: February 12, 2019

Impact Investing & ESG
 

Investors are Starting to See the Positive Effect of ESG Investing
As the tide pulls some chief investment officers and asset owners toward improving corporate ESG practices, there is strong evidence that ESG investing is now rewarded, especially in the Eurozone, according to a recent Amundi SA study.

Impact Investing Isn’t Just for the Rich – We All Have a Part to Play
When I talk to people outside this field [impact investing], there’s still a widespread perception that philanthropy and impact investing is a preserve of the rich; that most people don’t have the luxury of being able to invest for impact.

Calls Grow to Change How ESG Risks are Categorized
Two European regulators, the European Securities Markets Authority and the European Commission, asked money managers in December to share their views on how to incorporate ESG factors into their processes in three European regulations.

Predictions for 2019: Impact Investing
There’s an opportunity this year to reshape what finance looks like – as long as that world is willing to ask itself some difficult questions, writes Daniel Madhavan, CEO of Impact Investment Group.

Emerging MSCI ESG Trends to Watch in 2019
Protest movements have elevated the profile of ESG investing to the point that financial advisors who dismiss its significance could miss out on attracting new clients as well as juicy returns for their existing clients’ portfolios.

ESG: A Trend That Pays Off in Performance?
More and more, individuals and communities are placing heightened awareness on being environmentally conscious, whether that is through Earth Day events or beach cleanup days. These activities not only have a positive impact on the environment but also socially — who doesn’t enjoy a clean, green environment?

What’s the Score with ESG Investing? You Have to Dig Deeper
Using ESG scores to measure investment worthiness of a company is a good start, but advisors have to go deeper to see the real picture.

Millennials: Save the World and Get Rich Doing So
ESG investing is one of the hottest trends on Wall and Bay Street, and no, it’s not just some fad that will die out like Bitcoin did last year. This may surprise you, but how environmentally or socially responsible a company acts could actually add intangible value that’ll ultimately be reflected in the stock price.

Surveying the Investment World Through an ESG Lens: A Snapshot of Key Topics from the U.S.
Environmental, social and governance (ESG) topics have never been more prominent in investors’ minds than they are today. But there’s considerable variation among investment managers about how ESG is considered or integrated.

 

Developing Economies
 

The Case for Emerging Markets: Likely Long-Term Out Performance
While the performance in any given year is uncertain, emerging markets appear poised for out performance over the next 5-10 years.

AfDB Report: Africa’s 2019 Economic Outlook
This year’s flagship report is themed: “Regional Integration for Africa’s Economic Prosperity.”

South Africa’s President Says Mining Key to Reviving Economy
South African President Cyril Ramaphosa says the country’s mining sector will be crucial to reversing sluggish economic growth and high unemployment.

Southeast Asia Bucks Trend of Sinking Global Foreign Investment
Southeast Asia is bucking the global trend of falling direct foreign investment, as the low-cost fast-growing region solidifies its position as an attractive location for multinationals.

Indonesia’s Economy Shows Resilience as GDP Beats Forecasts
Indonesia’s economy grew faster than economists expected last quarter, showing resilience in the face of a series of interest-rate hikes and weaker global demand.

Argentina’s Currency Gets Boost from Tight Monetary Policy
The ultra-tight monetary policy that Argentine authorities adopted amid last year’s currency crisis has yielded results and given a big boost to the peso, although economists see potential trouble on the horizon ahead of the October 2019 general election.

Brazil to Maintain Record Low Rates, Debate Turns to More Easing
Brazil’s central bank will keep its benchmark interest rate anchored at a record low later this week, and probably keep it there for the rest of this year, according to a Reuters poll of economists.

Weekly Impact Investment Market Update: January 25, 2019

Impact Investing & ESG
 

The Rise Fund Spin-Off Marks Growth of Impact Investing
U.S. private equity firm TPG and U2 star Bono’s announcement earlier this week that they have created a new organization for measuring the social and environmental returns of investments appears to be a signal of growing investor demand for tools to assess impact.

A 2019 Resolution to Start Impact Investing
Has this happened to you? A valued client comes to you asking about impact investing or a new sustainable investing fund, and you are caught flat-footed, not knowing what to say or how to advise the client on this growing segment of investments.

5 Major ESG Trends for Advisors to Watch in 2019: MSCI
These and other findings in the MSCI report spotlight environmental, social and governance  trends that could affect companies and investors in 2019, and should be on an advisor’s radar going forward.

Why There’s So Much Push For ESG Investing
Businesses shape our world, that’s a fact. Their actions are profound, global and lasting. They impact our Earth, our oceans, our climate, our cities and our lives. We can all participate in changing the world for the better by inciting businesses to become a driving force for good.

Misaligned Hiring Priorities Risk Taking the Impact Out of Impact Investing
The underlying assumption behind this underestimation is simple: they believe it’s easier to teach an experienced venture investment professional about social impact than it is for a social impact expert with no investment experience to learn the rules of the venture capital game and develop the pattern-matching skills to be a successful investor.

OECD Says Impact Investment Needs Universal Standards
Impact investing could be more effective if universal measurement standards were implemented and impact goals were better defined, an OECD report says.

How Impact Investing Can Amplify Philanthropic Efforts
For years, philanthropy and investing have been treated as separate disciplines—one championing social change, the other financial gain. The idea that the two approaches could be integrated in the same deals once struck most philanthropists and investors as far-fetched. Not anymore.

Skeptical About ESG? Don’t Be. Here’s Why
The evidence is piling up against advisors who remain skeptical on environment, social and governance investing. A recent study by Amundi SA found that government actions and corporate scandals have forced a “wake-up call” to scrutinize companies for ESG friendliness, something even sovereign wealth funds and central banks are acting on.

The Top Ten Trends That Will Affect Family Offices In 2019 And Beyond
There is an undeniable socio-cultural mindset shift towards ethical social and environmental practices. Consumers and employees, as well as the world at large, are putting pressure on organizations to do what is best for people and the planet before driving the profit agenda.

 

Developing Economies
 

Unlimited Opportunities: Creating More Jobs for Young People in Emerging Market and Developing Economies
“To define is to limit,” Oscar Wilde once said. But sometimes economists need to use definitions to see the scope of a problem and find ways to lift the limits to success. This is especially true for young people in emerging markets and developing economies.

IMF Warns Trade Tensions Could Hit Growth
The International Monetary Fund has warned that escalating trade tensions could undermine global economic growth.

UN Speaks Positively about Kenya’s Economic Growth
Economic growth is expected to remain strong in Kenya and the rest of East Africa this year and the next, the United Nations said.

Two Decades Post Asian Financial Crisis, How Southeast Asia Can Keep Up Stunning Growth
For ASEAN to continue to prosper in 2019 and beyond, they’ll need to drive harder for regional integration, says HSBC Singapore’s Tony Cripps.