Fri, 11/07/2014 - 13:32
TriLinc Global Impact Fund has approved Barak Fund Management to act as its sub-advisor on investment opportunities in Africa.
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 a competitive financial return as well as creating positive, measurable impact on people and communities across the globe.
TriLinc complements its global macroeconomic portfolio optimisation and management with investment services from experienced sub-advisors that have solid track records in target asset classes and geographies and ample access to high-quality investment pipelines.
Barak is an Africa-based asset management company founded in 2008, focusing on trade finance for SMEs in the agriculture and commodities sectors. Barak specialises in sourcing and originating mainly soft commodity transactions with strong collateral characteristics. The company has completed close to USD1 billion in transactions across Sub-Saharan Africa since its inception.
“As part of its investment and impact strategy, TriLinc has expanded its geographic reach to Africa and further developed its trade finance capabilities,” says Gloria Nelund, TriLinc’s CEO. “Our partnership with Barak provides a robust platform for achieving these objectives, thanks to the firm’s strong presence in local African markets and its trade finance expertise.”
Prieur du Plessis, portfolio manager for Barak, says: “We are delighted to be working with the TriLinc team in helping to drive market-oriented investment in Africa in a sustainable way. TriLinc is an ideal partner for us because the team understands the characteristics of working in Africa, and at the same time offers a global perspective. Initiatives such as this have a direct impact on the lives of job-seekers, workers and consumers of basic products in African communities.”
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