TriLinc Global Advisors, LLC (“TLGA”, the “Firm”, “we” or “us”) is a Delaware limited liability company
founded in 2016. TLGA is an investment adviser focusing on making impact investments in small and
medium businesses (“SMB”) around the world.
TLGA is a wholly-owned subsidiary of TriLinc Global, LLC (“TLG”), a Delaware limited liability
company. Through her ownership in TLG, Gloria Nelund is the Firm’s principal owner.
We provide discretionary investment advisory services to private investment vehicles (each, a “Fund” or
“Client” and collectively, the “Funds” or “Clients”). The activities of each Fund are governed by a limited
liability company agreement, private placement memorandum, advisory agreement and/or other offering
documents as applicable (collectively, the “Governing Documents”) that outline the investment objectives,
guidelines and restrictions applicable to each Fund. Investors in the Funds (“Investors”) are generally either
accredited investors or qualified purchasers or non-U.S. persons, depending on the applicable eligibility
requirements of the Funds.
TLGA is the investment adviser to the TriLinc Global Sustainable Income Fund, LLC (“TGSIF”), a
Delaware-based feeder fund, and TriLinc Global Sustainable Income Fund International, L.P., (“TGSIF
International”), a Cayman-based feeder fund, for TriLinc Global Sustainable Income Fund Master Ltd.
(“TGSIF Master”), a Cayman-based master fund. TriLinc Global Sustainable Income Fund Cayman
Intermediate Ltd. (“TGSIF Intermediate”), a Cayman Islands exempted company, and TriLinc Global
Sustainable Income Fund Luxembourg Intermediate SCSp (“TGSIF Lux Intermediate”; collectively, with
TGSIF, TGSIF International, TGSIF Master, and TGSIF Intermediate, the “TGSIF Funds”), a Luxembourg
special limited partnership, were formed to serve as the conduits for TGSIF’s and TGSIF International’s
investments.
TLGA is the Manager to TGSIF, TGSIF Master, and TGSIF Intermediate. TriLinc Global Advisors
International, Ltd. (“TLGAI”), a Cayman Islands exempted company formed in 2016, is a wholly-owned
subsidiary of TLGA and serves as the General Partner to TGSIF International. TriLinc Global Sustainable
Income Fund Luxembourg GP SARL (“TGSIF Lux GP”), a Luxembourg limited liability company formed
in 2020, is a wholly-owned subsidiary of TGSIF Intermediate and serves as the General Partner to TGSIF
Lux Intermediate.
TLGA is the investment adviser and manager to the TriLinc Global Impact Fund II, LLC (“TGIF II”), a
Delaware-based feeder fund for TriLinc Global Impact Fund II Master Ltd. (“TGIF II Master”), a Cayman-
based master fund, TriLinc Global Impact Fund II US Master, LLC (“TGIF II US Master”), a Delaware-
based master fund, and TriLinc Global Impact Fund II Intermediate Ltd (“TGIF II Intermediate”;
collectively, with TGIF II,TGIF II Master, and TGIF II US Master, the “TGIF II Funds”).
TLGA is the investment adviser to the TriLinc Global Sustainable Income Fund II, LLC (“TGSIF II”), a
Delaware-based feeder fund, and TriLinc Global Sustainable Income Fund II International, L.P., (“TGSIF
II International”), a Cayman-based feeder fund, for TriLinc Global Sustainable Income Fund II Master Ltd.
(“TGSIF II Master”), a Cayman-based master fund, and TriLinc Global Sustainable Income Fund II
Intermediate Ltd. (“TGSIF II Intermediate”) and TriLinc Global Sustainable Income Fund II Luxembourg
Intermediate SCSp (“TGSIF II Lux Intermediate”; collectively, with TGSIF II, TGSIF II International,
TGSIF II Master and TGSIF II Intermediate, the “TGSIF II Funds”), a Luxembourg special limited
partnership, were formed to serve as the conduits for TGSIF II and TGSIF II International’s investments.
TLGA is the manager to TGSIF II, TGSIF II Master, and TGSIF II Intermediate. TLGAI serves as the
General Partner to TGSIF II International. TriLinc Global Sustainable Income Fund II Luxembourg GP
SARL (“TGSIF II Lux GP”), a Luxembourg limited liability company formed in 2021, is a wholly-owned
subsidiary of TGSIF II Intermediate and serves as the General Partner to TGSIF II Lux Intermediate.
The intermediate Funds receive capital from the feeder funds and invest substantially all
of their assets in
the master funds. The intermediate funds may borrow funds before receiving some or all of such
investments, thereby leveraging their (and, indirectly, the feeder funds’) exposure to the master funds’
investment portfolios. The use of the intermediate funds in this manner is intended to allow indirect
leveraging of the feeder funds’ assets while reducing the exposure of the feeder funds’ Investors to the tax
effects of unrelated business taxable income. We may establish certain additional feeder funds, intermediate
funds, master funds, operating subsidiaries of the Funds, or corporate entities to address particular tax or
regulatory requirements.
TLGA, either directly or through TLGAI, retains the services of local market agents, such as unaffiliated
deal origination and servicing partners (“Local Market Agents”) to: 1) identify, source, evaluate, originate,
underwrite, diligence and/or analyze, and structure and negotiate potential Fund investments; and 2) provide
on-going loan or asset monitoring and oversight services. We engage in extensive searches for leading
providers of SMB finance to serve as Local Market Agents and only choose those that we believe have
solid track records, deep experience in target geographies and asset classes, and a commitment to
sustainable business practices.
As of the date of this Brochure, we have engaged Africa Global Trade Finance Ltd., Asia Impact Capital
Ltd., Barak Fund Management, Ltd., CEECAT Capital Limited/CCL Investments SARL, Enhanced Capital
Impact Lending, LLC, Helios Investment Partners, LLP, Origin Capital Limited, Scipion Capital, LTD and
TRG Management LP, as Local Market Agents for the Funds for the aforementioned services. Other Local
Market Agents we have engaged include independent contractors, consultants and legal professionals who
have specialized expertise in re-structuring and/or taking legal action on non-performing assets, and to
analyze, structure, re-structure, negotiate and monitor such assets.
We also directly service, monitor and oversee several investments. Moreover, we intend to directly identify,
source, evaluate, originate, underwrite, diligence and/or analyze, and structure and negotiate potential Fund
investments.
For information about our investment strategy, please refer to “Item 8. Methods of Analysis, Investment
Strategies and Risks of Loss”. Details regarding the investment objective for each Fund can be found in
their respective Governing Documents.
Shares or investor interests in the Funds are not registered under the U.S. Securities Act of 1933, as amended
(the “Securities Act”); nor are the Funds registered under the Investment Company Act of 1940, as amended
(the “Investment Company Act”). Accordingly, interests or shares in the Funds are offered and sold
exclusively to Investors satisfying the applicable eligibility and suitability requirements in private
transactions.
In addition to the Funds, we intend to manage other private funds, institutional separate accounts, and other
pooled investment vehicles.
As appropriate, we may tailor our advisory services to the individual needs of our advisory Clients and may
accept Client-imposed investment restrictions, such as whether or not to employ leverage. We do not tailor
our advisory services to the individual needs of the Investors in the Funds.
TLGA and affiliates have entered into side letter arrangements pursuant to which certain Investors are
granted specific rights (including, but not limited to, the right to withdraw should a material event occur,
opt-out provisions, fee discounts of management fees or performance allocations) which are not always
made available to other Investors. Any future side letters will be negotiated prior to investment and may
establish rights that supplement or alter the terms of the applicable Governing Documents to the extent
permitted by applicable rules and regulations. TLGA and its affiliates did not enter into any side letters
during 2023.
As of December 31, 2023, TLGA managed approximately $223.5 million in Client assets on a discretionary
basis. TLGA does not manage any Client assets on a non-discretionary basis.