Transcript Presentation 1

INVESTOR PRESENTATION
www.trilincglobalimpactfund.com
This is neither an offer to sell nor a solicitation of an offer to buy the securities described herein. An offering is made only by a prospectus
to individuals who meet minimum suitability requirements. This sales literature must be read in conjunction with a prospectus in order to
understand fully all the implications and risks of the offering of securities to which it relates. A copy of the prospectus must be made
available to you in connection with the offering described herein. Neither the Attorney General of the state of New York, nor any other
state regulators, have passed on or endorsed the merits of this offering. Any representation to the contrary is unlawful. Securities offered
through SC Distributors, LLC, dealer manager and Member FINRA and SIPC. Realty Capital Securities, Member FINRA and SIPC, acts
as a wholesale distribution partner in connection with the distribution of TriLinc Global Impact Fund units. SC Distributors and Realty
Capital Securities are affiliated companies.
Risk Factors
We are an “emerging growth company” under the federal securities laws and will be subject to reduced
public company reporting requirements. Investing in our units may be considered speculative and involves a
high degree of risk, including the risk of a substantial loss, or total loss of investment. Risks involved in an
investment in us include (among others) the following:
• We have limited operating history. We are subject to all of the business risks and uncertainties associated
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with any new business, including the risk that we will not achieve our investment objectives and that the
value of our units could decline substantially.
This is a “blind pool” offering because other than existing investments, we have not identified any
investments to acquire with the net proceeds of this offering. You will not be able to evaluate our
investments prior to purchasing units. We may change our investment policies without unitholder
consent, which could result in investments that are different from those described in this prospectus.
We may not achieve investment results that will allow us to make distributions on a monthly basis or at a
specified level.
Our organizational documents permit us to pay distributions from any source, including borrowings and
offering proceeds, provided, however that no funds will be advanced or borrowed for purpose of
distributions, if the amount of such distributions would exceed our accrued and received revenues for the
previous four quarters, less paid and accrued operating costs with respect to such revenues. If we pay
distributions from sources other than our cash flow from operations, we will have less funds available for
the investments, and your overall return may be reduced.
We are dependent upon our key management personnel and the key management personnel of our
Advisor, and on the continued operations of our Advisor, for our future success.
We intend to make non-U.S. investments, which involve certain legal, geopolitical, investment,
repatriation and transparency risks not typically associated with U.S. investments.
Risk Factors
• There are substantial conflicts among the interests of our investors, our interests and the interests of
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our Advisor, dealer manager and their respective affiliates regarding compensation, investment
opportunities and management resources.
The units sold in this offering will not be listed on an exchange for the foreseeable future, if ever.
Therefore, if you purchase units in this offering, it will be difficult for you to sell your units and, if you
are able to sell your units, you will likely sell them at a substantial discount.
The price of our units may not be indicative of the price at which such units would trade if they were
listed on an exchange or actively traded by brokers nor is the share price indicative of the proceeds
that a unitholder would receive if we were liquidated or dissolved.
We will be subject to risks incident to making loans to small and medium sized enterprises in
developing countries.
Forward Looking Statements
This presentation contains forward-looking statements relating to the business and financial outlook of
TriLinc Global Impact Fund that are based on management’s current expectations, estimates, plans,
assumptions and beliefs and are not guarantees of future performance. Actual results may differ materially
from those expressed in these forward looking statements. You should not place undue reliance on any
such statements. A number of important factors could cause actual results to differ materially from the
forward-looking statements contained in this brochure. Forward-looking statements in this presentation
speak only as of the date on which such statements were made, and TriLinc Global Impact Fund
undertakes no obligation to update any such statements that may become untrue because of subsequent
events.
Themes
 Investing for Risk-Adjusted Yield
 The Small and Mid-sized Business Lending Gap
 TriLinc Global Impact Fund
FROZEN SEAFOOD EXPORTER - ECUADOR
SUGAR PRODUCER - BRAZIL
ELECTRONICS RETAILER - INDONESIA
Photos are for illustration purposes only and are representative of the businesses that TriLinc has invested in.
TGIF Key Statistics (as of 10/29/15)
$190 million
Trade finance and term loan transactions in
36
Small & Mid-Sized Businesses supporting
16,081
Permanent jobs in
13
Developing economies
12.46%
Gross Portfolio Yield
Where Would You Invest?
Country A
For illustration purposes only.
1Source: IMF World Economic Outlook Database, October 2014
2Source: UNCTAD Stat, October 2014
Country B
Developing Economies
World Bank Segmentation
Examples
Low Income
 Bangladesh
 Rwanda
 Haiti
Middle Income
 Bolivia
 Bulgaria
 Indonesia  Colombia
 Vietnam  Peru
High Income
 United States
 Chile
 Poland  Western Europe
Open
Maintaining Economy
for trade
sound
and
monetary
investment
and fiscal
Strengthened policy
Rule of Law
TriLinc focuses on Middle Income countries where
the opportunity for quality investment is significant
Why Developing Economies?
Developing economies have generated strong GDP growth over the last decade
and we believe they are positioned to continue to outperform
developed economies well into the future
Country/Region Identification
GROWTH
Strong
Economic
Fundamentals
TRILINC
TRILINC TARGET
TARGET
COUNTRIES
COUNTRIES
ACCESS
Demonstrated
Flow of Capital
STABILITY
Stable Legal &
Political
Frameworks
The Opportunity
The SME Lending Gap
Large Corporations
More than $1.3
trillion in unmet
demand for SME
financing1
1%
Greater access to traditional financing
5-10%
Medium Enterprises
20%
65-75%
Percentages represent the number of
companies
Small Enterprises
SME
FINANCING
GAP
Micro Enterprises
Access to microfinance, venture capital,
angel investors
1 “The SME Banking Knowledge Guide,” International Finance Corporation, 2010, Washington, DC: IFC (“SME” small and medium
enterprises)
Bank Excess Reserves
Target Companies
Growth capital to established businesses in select developing economies
SEED STAGE
EARLY
STAGE
EXPANSION
STAGE
LATE STAGE
IPO
Company Revenue
Sources of
Capital
Friends &
Family
Angel
Investors
Venture
Capital
Private Equity
Private Debt
TriLinc Focus
For Illustrative Purposes Only.
PUBLIC
COMPANY
M&A/Buyout
Public Equity
Mezzanine
Corporate Bonds
TriLinc Global Impact Fund
Characteristically, a BDC – technically a public LLC
Very Select Developing Economies
 Less Competition
 Default/Bankruptcy is
still a reflection of
character
 Agents on the ground
with exceptionally low
historical default loss
rates
Institutional Investment Partners
- Institutional experience
- Demonstrated track records
- Over $30 billion in transaction
experience
- Local presence
- Disciplined investment processes
TriLinc Global Impact Fund
Opportunity, combined with a Rigorous & Disciplined Investment
Process results in…..
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Attractive Yield:

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
Stable Value
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Current Annualized Yield 7.22% (A Class); 7.54% (C Class); and
7.86% (I Class)
Current income – monthly distributions
Low Duration (< 2 years)
Highly Secured
 100% U.S. Dollar, Senior Secured Loans
 Overly Collateralized, with Excess Cash Flow Coverage
No Market Volatility
 100% Private, direct originated loans
Modest Capital Appreciation
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Excess yield reinvested (gross yield today ~ 13%)
Some back-end/equity participation potential
TGIF Portfolio Update
Portfolio Statistics (as of 10/29/2015)
Rounded to nearest whole number
Total AUM
$113 million
Total Invested since Inception
$190 million
Weighted Average Portfolio Loan Size
Weighted Average Portfolio Duration
Weighted Average Position Yield
Current Distribution Yield (By Share Class)
Leverage
USD Denominated
$5 million
< 1 year
13%
7.22%, 7.54%, 7.86%
0%
100%
Case Study - Term Loan
Food Processor – Peru
WHY PERU?
- 7th largest economy in Latin America1
- Average annual GDP growth 6.2% (2003-2013)
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- One of the region’s fastest growing economies 3
- Ranked #2 on World Bank’s Ease of Doing
Business Index for Latin America and the
Caribbean4
 Founded in 1997
 Company’s customers include large-scale food brands and U.S.-based restaurant
chains including Dole, McDonalds, Subway, Starbucks, and Pizza Hut
 Needed growth capital to expand its salad and fresh cuts business
1
2
3
4
World Bank, Data: GDP Ranking, December 2014
World Bank, World Development Indicators Database, 2014
World Bank Peru Overview, 2014
World Bank, Doing Business, June 2014
Case Study - Term Loan
Food Processor – Peru
INVESTMENT HIGHLIGHTS
Investment Type
Term Loan
Structure
Secured term loan repaid on
11/28/2014
Facility Amount1
$576,000
Interest Rate2
13.00%
Sector
Groceries and Related Products
Collateral
Coverage Ratio3
1.25x
Collateral
Fixed assets and inventory
Information as of 01/31/2015. This is an example of an actual transaction. Results, terms and conditions will vary with other
investments. Past performance is no guarantee of future results and there is no guarantee that the trends noted above will continue.
Information provided by TriLinc Advisors.
1 The facility amount represents the maximum amount that can be borrowed under the agreement. The actual amount drawn on the
facility by the borrower may change over time. 2 This metric is not a measure of TriLinc’s investment performance nor is it necessarily
indicative of distributions which the fund may provide to investors. 3 The collateral coverage ratio is the ratio of the projected total
cash available at the end of the current year to the annual interest and principal payments due on outstanding debt.
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Case Study - Trade Finance
Meat Processor – South Africa
WHY SOUTH AFRICA?
- 2nd largest economy in Sub-Saharan Africa1
- Average annual GDP growth of 3.4% (20032013) 2
- Ranked #2 in the region on World Bank’s Ease
of Doing Business Index3
 Founded in 1986
- Estimated $32 billion of foreign direct
investment in the region in 20134
 Supplies meat to large, well-established supermarket chains and outlets
 Needs growth capital to expand distribution network and retail outlets
This is an example of an actual transaction. Results, terms and conditions will vary with other investments. Past performance is no
guarantee of future results and there is no guarantee that the trends noted above will continue.
1
2
3
4
World Bank, Data: GDP Ranking, December 2014
World Bank, World Development Indicators Database, 2014
World Bank, Doing Business, June 2014
World Bank, Global Economic Prospects, June 2014
Case Study - Trade Finance
Meat Processor – South Africa
INVESTMENT HIGHLIGHTS
Investment Type
Secured Trade Finance
Structure
Purchase and repurchase loan
facility
Facility Amount1
$1,000,000
Interest Rate2
12.50%
Sector
Meat Products
Collateral Coverage
Ratio3
1.17x
Collateral
Inventory and all company assets
Information as of 12/31/14. This is an example of an actual transaction. Results, terms and conditions will vary with other
investments.
Past performance is no guarantee of future results and there is no guarantee that the trends noted above will continue.
Information provided by TriLinc Advisors.
1 The facility amount represents the maximum amount that can be borrowed under the agreement. The actual amount drawn on
the facility by the borrower may change over time. 2 This metric is not a measure of the Fund’s investment performance nor is it
necessarily indicative of distributions which the fund may provide to investors. 3 The collateral coverage ratio is the amount of
collateral the borrower must maintain in relation to the total amount outstanding on the facility.
What is Impact Investing?
Investing with the specific objective of achieving both a
competitive financial return and positive, measurable economic,
social and/or environmental impact.
Competitive Financial
Return
Quantifiable Impact
ESG Versus Impact
ESG
Company’s
Business
Practices &
Policies
ENVIRONMENTAL
 Meets environmental
standards for industry
 Avoids ozone depleting
substances
 Practices energy efficiency
IMPACT
Company’s
Intended
Measurable
NonFinancial
Return
ECONOMIC DEV.
SOCIAL
 Avoids exploitative child labor
practices
 Provides healthcare
 Engages in fair hiring practices
SOCIAL
GOVERNANCE
 Proper management oversight
 Transparent financial reporting
 Effective systems of internal
controls and risk mitigation
ENVIRONMENTAL
 Job creation
 Increased access to clean water
 Pollution reduction
 Wage growth
 Health improvement
 Land remediation
 Increase in employee
ownership
 Access to finance to
underserved population
 Water conservation
The impact examples listed are for illustration purposes only and are not specific to a particular investment.
There is no guarantee that TriLinc will achieve the impact objectives noted.
Impact Tracking and Reporting
FOOD PROCESSOR
MEAT PROCESSOR
PRIMARY IMPACT
OBJECTIVES
PRIMARY IMPACT
OBJECTIVES
- Job Creation
- Job Creation
- Agricultural Productivity &
Food Security
- Community Improvement
ESG & Impact Across Investments
Growth Stages of a Company
EARLY
STAGE
EXPANSION
STAGE
LATE STAGE
Company Revenue
SEED STAGE
Sources of
Capital
PUBLIC
COMPANY
IPO
Friends &
Family
Angel
Investors
Venture
Capital
Private Equity
M&A/Buyout
Public Equity
Private Debt
Mezzanine
Corporate Bonds
RESPONSIBLE & SUSTAINABLE INVESTING OPPORTUNITIES
IMPACT INVESTMENT OPPORTUNITIES
For Illustrative Purposes Only.
Yield vs. Duration
1 This
limited analysis covers only the asset classes indicated and does not consider other investment attributes aside from duration and yield. TriLinc information represents
current Class I distribution rate and overall targeted duration.
Past performance not indicative of future results. Not indicative of any particular strategy, and various indexes do not correspond with those of the program’s portfolio. For
illustrative use only.
Summary
 Investing for Risk-Adjusted Yield
 The SME Lending Gap
 TriLinc Global Impact Fund
FROZEN SEAFOOD EXPORTER - ECUADOR
SUGAR PRODUCER - BRAZIL
ELECTRONICS RETAILER - INDONESIA
Photos are for illustration purposes only and are representative of the businesses that TriLinc has invested in.
Talk to your financial advisor to learn more
www.trilincglobalimpactfund.com