Kroma, OpenFunds, Finenza & TriLinc establish strategic partnership

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Kroma Capital Partners (Kroma), OpenFunds Investment Services (OpenFunds) and Finenza Inversión Alternativa SL (Finenza) enter into strategic partnership with TriLinc Global (TriLinc), whereby they will advise their clients and network of professional investors in Europe, the Middle East and Central and Latin America about TriLinc’s ESG investment funds.

Since the launch of its first fund in June 2013 TriLinc has provided debt financing (Senior Secured Loans and Trade Finance) of approx. $1bn to growth stage small and medium enterprises (SMEs) that operate primarily in developing economies throughout Latin America, Southeast Asia, Developing Europe and Sub-Saharan Africa.

TriLinc’s impact tracking and reporting is designed to demonstrate that capitalism can be used as a force for good. The Global Impact Investing Network’s Impact and Reporting & Investing Standards (IRIS) metrics are built into the TriLinc system to promote consistent terms, definitions and measures.

After a successful cooperation in raising assets for TriLinc’s flagship fund, Kroma will be leading the distribution partners in marketing TriLinc’s new Institutional fund. The new fund is a developing economy private debt fund focused on making private loans to private growth stage SMEs that are committed to responsible, sustainable management and to the creation of positive, measurable impact in their communities. The fund targets regular distributions and a low double-digit IRR.

Siro Zanovello, co-founder and CEO of OpenFunds and Francisco ‘Paco’ Neri, managing partners of Finenza commented: “The partnership with TriLinc will allow us to offer our clients an excellent product in the growing ESG/Impact space. As pioneers in private debt strategies, TriLinc’s new fund fits perfectly into the offering of OpenFunds. TriLinc has an experienced team with a track record that has attracted notable investors, including one of the global asset manager/investment banking leaders. A strong message of confidences for us and our clients!”