Triloma Financial Group and EIG Global Energy Partners have formed Triloma EIG Global Energy Fund, an unlisted investment company.The fund will invest primarily in a global portfolio of privately originated energy company and project debt.
The fund will be managed by Triloma Energy Advisors and EIG Credit Management Company, and 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.
Larry Goff, Chief Executive Officer of Triloma Securities, stated:
"Our creation of this Fund with EIG represents a significant milestone in Triloma's strategy of identifying unique alternative investment opportunities and creating longstanding joint ventures with experienced and proven investment partners. Partnering with EIG allows us to provide individual investors with unparalleled access to energy investment opportunities with one of the oldest and preeminent energy investors in the world."
R. Blair Thomas, Chief Executive Officer of EIG, commented:
"The energy sector is a voracious consumer of capital and is tailor-made for specialists like EIG that can provide privately-negotiated financial solutions. 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. 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. 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."
Barry Goff, Managing Director of Triloma, added:
"We believe energy companies and projects are underserved by traditional sources of financing. In order to take full advantage of the current market environment, it is essential to have experience investing across many commodity cycles and the in-house technical capabilities necessary to successfully navigate the complexities in the energy sector. EIG's experience and expertise will allow us to take advantage of investment opportunities throughout the energy value chain on a global basis."