TriLinc Global Impact Fund, LLC (“TriLinc Global Impact Fund” or “TGIF”) announced today the approval of WCA (Working Capital Associates) LLP (“WCA”) as a new sub-advisor for business expansion and socioeconomic development in Africa and Latin America. WCA initially entered into a partnership with TriLinc Global, LLC (“TriLinc”) in January 2022 to act as an origination and servicing partner for its private funds.

“We are very excited to be expanding our partnership with Working Capital Associates for broadening our existing term loan and trade finance investment capabilities throughout Africa and Latin America,” stated Gloria Nelund, CEO and founder of TriLinc. “International trade has the potential to deliver important short, medium, and long-term economic development to SMEs and the communities in which they operate. WCA’s experienced track record, local in-country presence and institutional quality approach to portfolio management align with our goal to deliver risk-adjusted returns to our investors while creating positive measurable impact in communities across the globe.”

Federica Sambiase, WCA’s CEO & Founder, commented, “This new agreement comes after over a year of co-investing with TriLinc in our portfolio of food value chains in Africa and Latin America. It represents an important step towards achieving WCA’s mission of scaling up its highly successful approach. WCA feels privileged to partner with TriLinc to successfully scale its operations based on a tried-and-proven business model: providing access to capital to high-growth food systems in developing countries, creating proven societal impact and, at the same time, market-rate returns for investors. Our alliance is underpinned by our shared investment values and by our desire to advance the female investing agenda.”

Source: Businesswire