TriLinc Global, one of the few asset managers to offer impact vehicles open to retail investors, said its total trade financing and revolving credit to small and mid-size businesses since 2013 had surpassed the half-billion mark.
With another $25.8 million committed in January, Trilinc said its current financing commitments are more than $270 million. (As of Sept. 2016, according to the most recent SEC filing publicly available, the fair value of Trilinc’s investments was $168 million).
Trilinc founder Gloria Nelund has set her sights on becoming a $1.5 billion fund focused on markets across Latin America, sub-Saharan Africa and Asia where access to finance is difficult for growth-stage businesses.
Photo credit: SC Distributors
