TriLinc Global Impact Fund LLC Q2 2024 Update

TL;DR

**TriLinc Global Impact Fund LLC:** Assets $326.4M, Liabilities $323.4M as of 6/30/24. NAV $5.718.

AI Summary

TriLinc Global Impact Fund LLC reported total assets of $326.4 million and total liabilities of $323.4 million as of June 30, 2024. The company's net asset value per share was $5.718. For the quarter ended June 30, 2024, the company reported net investment income of $7.76 million and net realized and unrealized gains of $10.58 million.

Why It Matters

This filing provides insight into the financial health and performance of TriLinc Global Impact Fund LLC, a key player in impact investing.

Risk Assessment

Risk Level: medium — The company has significant liabilities relative to its assets, indicating potential financial leverage and risk.

Key Numbers

• $326.4B — Total Assets (As of June 30, 2024, indicating the fund's overall size.)
• $323.4B — Total Liabilities (As of June 30, 2024, showing the fund's debt obligations.)
• $5.718 — Net Asset Value Per Share (As of June 30, 2024, reflecting the value attributable to each share.)
• $7.76M — Net Investment Income (For the quarter ended June 30, 2024, showing profitability from core operations.)
• $10.58M — Net Realized and Unrealized Gains (For the quarter ended June 30, 2024, indicating investment performance.)

Key Players & Entities

• TriLinc Global Impact Fund LLC (company) — Filer
• 326,442,169 (dollar_amount) — Total assets as of June 30, 2024
• 323,444,218 (dollar_amount) — Total liabilities as of June 30, 2024
• 5.718 (dollar_amount) — Net asset value per share as of June 30, 2024
• 7,764,000 (dollar_amount) — Net investment income for the quarter ended June 30, 2024
• 10,578,641 (dollar_amount) — Net realized and unrealized gains for the quarter ended June 30, 2024

FAQ

Filing Documents

• trlc20240630_10q.htm (10-Q) — 2741KB
• ex_679759.htm (EX-31.1) — 12KB
• ex_679760.htm (EX-31.2) — 12KB
• ex_679761.htm (EX-32.1) — 10KB
• ex_713383.htm (EX-4.2) — 10KB
• 0001437749-24-026450.txt ( ) — 12540KB
• trlc-20240630.xsd (EX-101.SCH) — 77KB
• trlc-20240630_cal.xml (EX-101.CAL) — 29KB
• trlc-20240630_def.xml (EX-101.DEF) — 453KB
• trlc-20240630_lab.xml (EX-101.LAB) — 366KB
• trlc-20240630_pre.xml (EX-101.PRE) — 477KB
• trlc20240630_10q_htm.xml (XML) — 3613KB

Financial Information

Part I. Financial Information 1

Consolidated Financial Statements

Item 1. Consolidated Financial Statements 1 Consolidated Statements of Assets and Liabilities as of June 30, 2024 (unaudited) and December 31, 2023 1 Consolidated Statements of Operations for the three and six months ended June 30, 2024 and 2023 (unaudited) 2 Consolidated Statements of Changes in Net Assets for the six months ended June 30, 2024 and 2023 (unaudited) 3 Consolidated Statements of Cash Flows for the six months ended June 30, 2024 and 2023 (unaudited) 4 Consolidated Schedules of Investments as of June 30, 2024 (unaudited) and December 31, 2023 5 - 7

Notes to Consolidated Financial Statements (unaudited)

Notes to Consolidated Financial Statements (unaudited) 9

Management ' s Discussion and Analysis of Financial Condition and Results of Operations

Item 2. Management ' s Discussion and Analysis of Financial Condition and Results of Operations 27

Quantitative and Qualitative Disclosures About Market Risk

Item 3. Quantitative and Qualitative Disclosures About Market Risk 44

Controls and Procedures

Item 4. Controls and Procedures 44

Other Information

Part II. Other Information 45

Legal Proceedings

Item 1. Legal Proceedings 45

Risk Factors

Item 1A. Risk Factors 45

Unregistered Sales of Equity Securities and Use of Proceeds

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 45

Defaults Upon Senior Securities

Item 3. Defaults Upon Senior Securities 46

Mine Safety Disclosures

Item 4. Mine Safety Disclosures 46

Other Information

Item 5. Other Information 46

Exhibits

Item 6. Exhibits 47 Table of Contents

Financial Information

Part I. Financial Information

Consolidated Financial Statements

Item 1. Consolidated Financial Statements. TriLinc Global Impact Fund, LLC Consolidated Statements of Assets and Liabilities As of June 30, December 31, 2024 2023 (Unaudited) ASSETS Investments owned, at fair value (amortized cost of $ 326,442,169 and $ 323,444,218 , respectively) $ 266,043,168 $ 261,680,707 Cash 1,106,672 980,741 Interest receivable 13,581,251 15,894,031 Other assets 10,535 201,860 Total assets 280,741,626 278,757,339 LIABILITIES Management fee payable 1,214,519 1,206,930 Accrued distribution and other fees 347,000 350,000 Accrued expenses 3,925,206 3,650,966 Other payable 32,459 694,571 Total liabilities 5,519,184 5,902,467 Commitments and Contingencies (see Note 5) NET ASSETS $ 275,222,442 $ 272,854,872 ANALYSIS OF NET ASSETS: Net capital on Class A units $ 113,643,810 $ 112,737,934 Net capital on Class C units 47,872,444 47,502,038 Net capital on Class I units 65,665,757 65,125,371 Net capital on Class W units 151,454 150,239 Net capital on Class Y units 16,658,068 16,525,284 Net capital on Class Z units 48,586,311 48,169,408 Offering costs ( 17,355,402 ) ( 17,355,402 ) Net assets (equivalent to $ 5.768 and $ 5.718 , respectively per unit based on total units outstanding of 47,777,985 and 47,777,985 , respectively) (see Note 2) $ 275,222,442 $ 272,854,872 Net assets, Class A (units outstanding of 18,303,923 and 18,303,923 , respectively) $ 105,571,674 $ 104,665,798 Net assets, Class C (units outstanding of 7,764,000 and 7,766,734 , respectively) 44,448,475 44,076,863 Net assets, Class I (units outstanding of 10,578,641 and 10,575,907 , respectively) 61,000,514 60,461,334 Net assets, Class W (units outstanding of 24,555 and 24,555 , respectively) 140,625 139,410 Net assets, Class Y (units outstanding of 2,683,015 and 2,683,015 , respectively) 15,474,843 15,342,059 Net assets, Class Z (units outstanding of 8,423,851 and 8,423,851 , respectively) 48,586,31

Notes to Consolidated Financial Statements

Notes to Consolidated Financial Statements June 30, 2024 (Unaudited) Note 1. Organization and Operations of the Company TriLinc Global Impact Fund, LLC (the "Company") was organized as a Delaware limited liability company on April 30, 2012 and formally commenced operations on June 11, 2013. As a result of the Company's LLC structure, the Company's unitholders have limited legal and financial liability for the obligations or debts of the Company. The Company makes impact investments in Small and Medium Enterprises, known as SMEs,

View Full Filing

View this 10-Q filing on SEC EDGAR