SEC Issues Notice of Exemptive Relief
WINTER PARK, Fla. (May 11, 2016) – The U.S. Securities and Exchange Commission (SEC) issued a notice of application for an order for exemptive relief that will permit Triloma EIG Global Energy Fund and Triloma EIG Global Energy Term Fund I (collectively, the Funds) to co-invest in portfolio companies with each other and with certain affiliated investment funds. The Funds expect the SEC to grant an order for exemptive relief in approximately 30 days, allowing the Funds to participate in directly originated investment transactions, including those alongside EIG’s private funds, subject to the conditions in the order.
“We feel the current energy market conditions are creating investment opportunities in both privately negotiated transactions and secondary market transactions. 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,” said R. Blair Thomas, CEO of EIG Global Energy Partners.
“We employ a disciplined, value-oriented investment approach for the Funds that is designed to maximize current income and minimize the risk of capital loss,” said Deryck Harmer, president and CEO of the Funds. “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.”
About Triloma EIG Global Energy Fund and Triloma EIG Global Energy Term Fund I
Triloma EIG Global Energy Fund and Triloma EIG Global Energy Term Fund I are unlisted investment companies that invest primarily in a global portfolio of privately originated energy company and project debt. Their investment objectives are to provide shareholders with current income, capital preservation and, to a lesser extent, long-term capital appreciation. The Funds are managed by Triloma Energy Advisors and EIG Credit Management Company, affiliates of Triloma and EIG, respectively.
Triloma Financial Group is a private investment management firm providing individuals with a unique approach to alternative investment opportunities. Triloma manages and sponsors a group of private and publicly offered investment programs focused on private equity, real estate and energy investments. Triloma specializes in thorough research, individual access, powerful partnerships and impeccable service. Triloma is headquartered in Winter Park, Florida. For additional information, please visit triloma.com.
Triloma Financial Group is the parent company of Triloma Securities and Triloma Energy Advisors. Securities offered through Triloma Securities, member FINRA/SIPC.
EIG specializes in private investments in energy and energy-related infrastructure on a global basis and had $13.8 billion under management as of March 31, 2016. During its 34-year history, EIG has invested over $22.2 billion in the sector in 310 projects or companies in 36 countries on six continents. EIG's clients include many of the leading pension plans, insurance companies, endowments, foundations and sovereign wealth funds in the U.S., Asia and Europe. EIG is headquartered in Washington, D.C. with offices in Houston, London, Sydney, Rio de Janeiro, Hong Kong and Seoul. For more information, visit eigpartners.com.
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This is not an offer. The offering of Triloma EIG Global Energy Fund and Triloma EIG Global Energy Term Fund I common stock can be made solely by means of a written prospectus forming part of the effective registration statement. The prospectuses and their supplements, which contain important information about the Funds, can be obtained upon request and without charge by writing to the Funds at 201 N. New York Ave., Suite 200 250, Winter Park, FL 32789, by calling the Funds collect at 407-636-7115 or by visiting trilomaenergy.com. Prospective investors should read the prospectuses and their supplements carefully before investing. Investors are advised to consider the investment objectives, risks, charges and expenses of the Funds carefully before investing. The prospectuses contain this and other information about the Funds. There can be no assurance that the Funds will achieve their investment objectives.
The Funds’ investments in various types of debt securities and instruments may be secured, unsecured, rated and unrated, are subject to non-payment risk, and may be speculative in nature. Investments in senior secured debt present additional risks, including that there is a higher risk of default than with investment-grade bonds. The Funds’ investments in energy companies expose the Funds to risks associated with adverse economic, environmental or regulatory occurrences affecting the energy sector, a higher volatility of the market and a downturn in the energy sector could have a larger impact on the Funds than on funds that are broadly diversified across many sectors and industries.
This press release may contain forward-looking statements identified by the use of words such as “outlook,” “indicator,” “believes,” “expects,” “potential,” “continues,” “may,” “will,” “should,” “seeks,” “approximately,” “predicts,” “intends,” “plans,” “estimates,” “anticipates” or the negative version of these words or other comparable words. Such forward-looking statements are subject to various risks and uncertainties. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. Triloma, EIG and the Funds believe these factors include, but are not limited to, those described under the section entitled “Risk Factors” in the Funds’ registration statements, as such factors may be updated from time to time in their periodic filings with the U.S. Securities and Exchange Commission (SEC), which are accessible on the SEC’s website at sec.gov. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in this release and in the Funds’ filings. Triloma, EIG and the Funds assume no obligation to update or supplement forward-looking statements that become untrue because of subsequent events for circumstances.
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