An affiliated pair of Triloma funding entities announced recently from Winter Park, Florida that they will proceed with plans to jointly invest in mutual portfolio companies following approval from the U.S. Securities and Exchange Commission (SEC).
With exemptive relief expected within the month, Triloma EIG Global Energy Fund and Triloma EIG Global Energy Term Fund I intend to initiate directly originated transactions, subject to SEC regulations.
"We feel the current energy market conditions are creating investment opportunities in both privately negotiated transactions and secondary market transactions,” R. Blair Thomas, who serves as CEO of EIG Global Energy Partners, said. “We believe the exemptive relief order will generate greater deal flow, broaden our market relationships and allow us to be more selective in choosing investments that provide the most attractive risk-adjusted returns."
Triloma EIG Global Energy Fund and Triloma EIG Global Energy Term Fund I, or “the Funds,” are unlisted firms devoting capital outlay to mainly global projects related to energy companies and project debt. They primarily strive to offer shareholders income and capital preservation as well as long-term appreciation.
"We employ a disciplined, value-oriented investment approach for the Funds designed to maximize current income and minimize the risk of capital loss," Deryck Harmer, president and CEO of the Funds arm of the pair, said. "We believe that co-investing in transactions with EIG provides greater access to energy investments that are structured with favorable protections, including asset-based collateral and rigorous covenants."