Gloria Nelund spent over 30 years in the international investment management industry, namely heading Deutsche Bank’s $50 billion North America Private Wealth Management division. Following retirement she dedicated her efforts to create TriLinc Global Impact Fund, a $1.25 Billion fund for “mainstreet” retail investors in growth-stage loans and trade finance to established SMEs.
TriLinc’s focus is to cultivate businesses in emerging markets to create jobs, grow the middle class and generate measurable positive impact. While many organizations focus on micro-enterprises, TriLinc concentrates on providing growth capital to the “missing middle” – established small to medium sized businesses in stable, emerging markets. (Source: Forbes)
“I spent my whole career in investment management and over my 30 years, I had created, managed and distributed investment products in all channels (Institutional, High Net Worth and Retail) and know what the issues and challenges are of attracting capital in all of them.”
Nelund’s ‘aha moment’ came when she reflected on the theme that restrained many funds -- access to capital.
“What I decided would be the most helpful to the industry was to create a big success story – a big fund with broad distribution and visibility. That was my first thought for creating a retail Impact fund for non-accredited investors. Also, knowing the issues and challenges of product distribution in the Institutional and High Net Worth channels, a retail product made even more sense.”
Her next step was to test the idea out with friends in the industry who sell products through retail channels. The response was overwhelmingly positive.
TriLinc has recently approved a total of $9.2 million in trade finance facilities to companies in South Africa, Kenya, and Argentina, bringing total financing commitments as of March 2015 to $76.7 million for business expansion and socioeconomic development through its holdings in Africa and Latin America. (Source: BusinessWire)