Triloma Financial Group and EIG Global Energy Partners announced Feb. 23 the formation of Triloma EIG Global Energy Fund.
The Fund is an unlisted investment company that will invest primarily in a global portfolio of privately originated energy company and project debt.
The companies said the Fund will be managed by Triloma Energy Advisors and EIG Credit Management Co. It will seek to raise capital with the issuance of common stock through a best effort, continuous public offering with Triloma Securities, member FINRA/SIPC, serving as the managing dealer.
Partnering with EIG allows Triloma to provide individual investors with unparalleled access to energy investment opportunities with one of the oldest and preeminent energy investors in the world, said Larry Goff, CEO of Triloma Securities, in a statement.
R. Blair Thomas, CEO of EIG, said the energy sector is a voracious consumer of capital and is tailor-made for specialists like EIG that can provide privately-negotiated financial solutions.
The current market volatility only serves to increase the opportunity set as generalists exit the space and companies find themselves with funding gaps caused by lower commodity prices and commercial banks pulling back due to regulatory and market pressure, Thomas said.
"Our 33-years of experience in this space give us confidence that now is an attractive time to create the Fund to take advantage of current market dynamics," he said. "Triloma's team has a strong distribution and asset management platform and extensive experience with publicly registered investment programs, and will allow us to attract a broader range of investors to our platform."
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