TriLinc Global Impact Fund, a private impact investment asset management firm founded in 2008 by ex-Wall Street CEO Gloria Nelund, has announced that the U.S. Securities and Exchange Commission (SEC) approved a maximum $1.5 billion public offering of units of limited liability company interest.
The filing was made effective, according to a document with the SEC, on February 27, 2013.
In essence, this potentially $1.5 billion-large fund will invest, through a global network of local sub-advisors, in small and medium enterprises (SMEs) in “carefully selected” emerging markets.
TriLinc expects to create financial assets that include direct loans and convertible debt instruments, and predicts that a substantial portion of its assets will consist of collateralized private debt instruments.
The investment firm will offer up to $1.25 billion of units in their primary offering, and $250 million in their distribution reinvestment plan. California-based SC Distributors will serve as the dealer manager for this offering.
TriLinc calls upon itself to create scalable solutions to help reduce poverty and advance sustainability, by offering a platform of alternative investment funds that deliver both competitive financial returns and positive, measurable impact.
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