TriLinc Global Impact Fund LLC — Cyborg Score 6/10

Solid
Impact lending and development finance

Strategic Profile

The fund's investment objectives are to provide unitholders current income, capital preservation and modest capital appreciation, achieved primarily through SME trade finance and term loan financing. As of April 30, 2026, the fund reported portfolio assets of approximately $283 million. The portfolio has a weighted average loan size of about $10 million and a short weighted average duration of 0.4 years, with cumulative funding of roughly $1.210 billion across 103 borrower companies globally.

Cyborg Score Rationale

TriLinc has received approximately $905.2 million in full aggregate transaction repayments, representing 75% of the total amount invested. The fund demonstrates solid capital recycling and operational maturity, though concentration risk is notable. The largest loan represents about 28% of investments and the five largest investments comprised 58.9% of the portfolio as of March 31, 2026.

Top Insights

  • Portfolio shows significant seasoning and realized repayments rather than purely mark-to-model growth, with an actively managed, cash-generating profile supporting 43,572 permanent employees.
  • The very short 0.4-year weighted average duration suggests a focus on short-term trade or working-capital style lending that can be repriced or rotated relatively quickly as conditions change.
  • As of March 31, 2026, consolidated financials showed an estimated net asset value of approximately $5.72 per unit.
  • Concentration risk: single largest loan at 28% of portfolio; regulatory disclosures should be monitored for delinquency and write-off metrics.

Named Competitors

  • Accion — Microfinance and SME lending in emerging markets
  • Kiva — Peer-to-peer microfinance platform for developing world entrepreneurs
  • World Bank / IFC — Multilateral development finance institution providing debt and equity to emerging markets

Recent Developments

  • (May 2026) Portfolio update filing reporting $283M in assets with 75% cumulative repayment rate on $1.21B total deployed capital
  • (March 2026) Q1 2026 10-Q filing showing $263.3M investments, $272.71M net assets, and NAV of $5.72 per unit
  • (April 2012) Company incorporated as Delaware limited liability company; operations commenced June 2013

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