No recent public news coverage is available for TriLinc Global Impact Fund LLC. The latest financial and operational updates are derived from SEC filings.

• The fund filed its latest annual report (10-K) on March 30, 2026, disclosing financial results for the fiscal year ended December 31, 2025, including a net loss of $8.49 million and cash and equivalents of $54.6 million [S1].
• The quarterly report (10-Q) filed on November 14, 2025, provided detailed portfolio composition and risk disclosures, including Watch List investments and restructuring activities [S2].
• The fund continues to manage investments with credit challenges through restructuring negotiations and collateral arrangements, as disclosed in SEC filings [S1][S2].

The fund's diversified portfolio across multiple industries and geographies provides exposure to various economic sectors, potentially reducing concentration risk. Its use of multiple valuation approaches and active management of Watch List investments demonstrates a disciplined credit risk framework. The fund's governance and risk oversight structures, including cybersecurity risk management, support operational resilience. The presence of equity warrants and convertible notes in the portfolio may offer additional upside potential if underlying investments recover or perform well.

The fund reported a net loss for the fiscal year ended December 31, 2025, indicating challenges in profitability. Several investments are on Watch List status due to restructuring, bankruptcy, or default, which may impact recovery and returns. The value of certain equity warrants has declined to zero due to interest accrual. The fund's reliance on sub-advisors and the complexity of managing a geographically and sector-diverse portfolio may introduce operational and credit risks. Limited public market data and absence of recent news coverage reduce external visibility into ongoing performance and strategy execution.

The fund's moat lies in its diversified portfolio of senior secured loans and trade finance participations across emerging and developed markets, combined with active risk management and valuation expertise. Its ability to structure flexible financing arrangements and manage credit and collection risks through Watch List monitoring and restructuring negotiations supports portfolio stability. The fund's governance structure and experienced management team contribute to oversight and risk mitigation, which are critical in its niche investment strategy.

• Credit and Collection Risk: Several portfolio investments are on Watch List status due to restructuring, bankruptcy, arbitration, or default, which may affect recoveries and portfolio performance.
• Liquidity Risk: While the fund holds cash and equivalents, the illiquid nature of senior secured loans and trade finance participations may limit liquidity and affect the ability to meet redemption requests or capital needs.
• Operational and Governance Risk: The fund relies on sub-advisors and has a complex governance structure; any deficiencies in oversight or risk management could impact investment outcomes.
• Valuation Risk: Valuation of investments involves significant judgment using income, collateral, or hybrid approaches, which may introduce uncertainty in reported asset values.
• Market and Geographic Risk: Investments span multiple countries and industries, exposing the fund to geopolitical, regulatory, and economic risks that vary by region and sector.

• TriLinc Global Impact Fund LLC is an investment fund with a portfolio consisting primarily of senior secured term loans and trade finance participations across diverse industries and geographies.
• The fund invests in companies involved in sectors such as sustainable packaging, commodities trading, cocoa processing, chemicals distribution, waste-to-fuels processing, coal and minerals trading, ship maintenance, hospitality, freight transportation, property development, motor vehicle parts manufacturing, dairy farming, frozen seafood, and others.
• Investments are geographically diversified, including countries such as Ecuador, Hong Kong, Indonesia, Malaysia, Mexico, Singapore, Botswana, Brazil, Cape Verde, Kenya, Namibia, Netherlands, Nigeria, Romania, Uganda, Argentina, Cameroon, Chile, and Peru.
• The fund holds various classes of capital units (Class A, C, I, W, Y, Z) with detailed unit counts disclosed as of late 2025.
• As of December 31, 2025, the fund reported cash and cash equivalents of $54,612,000 USD.
• The fund reported a net loss of $8,493,938 USD for the fiscal year ended December 31, 2025, with basic earnings per share of -$0.18.
• Diluted earnings per share was reported as $0.06 as of September 30, 2022.
• The fund uses multiple valuation approaches for its investments, including income approach, collateral-based approach, and hybrid methods, especially for Watch List investments with credit or collection risk changes.
• Several investments are on Watch List status due to restructuring, bankruptcy, arbitration, or default, including investments in companies such as Blue Arrow Biojet Holdings LLC, Lidas SRL, Courtyard Farms Limited, Alfa Systems and Commodity Company Limited, and others.
• The fund holds equity warrants that could convert to approximately 16.5% equity interest in an investee, with a strike price of $0.01 and expiration in 2074; however, the value of these warrants was zero as of December 31, 2025 due to interest accrual.
• The fund's management includes a board of managers and an Investment Risk Team (IRT) that oversees risk management, including cybersecurity risks, with detailed governance and experienced officers.
• The fund records liabilities for estimated future distribution and dealer manager fees consistent with GAAP, but does not deduct these accruals for net asset value determination, aligning with industry standards.
• Trade finance borrowers may receive repayment flexibility to accommodate contract or business cycle characteristics, agreed upon with sub-advisors and borrowers.
• The fund's portfolio includes investments in companies undergoing restructuring or settlements, with collateral arrangements such as inventory trading through local agents.
• The fund's financial disclosures are detailed in SEC filings, including 10-K and 10-Q reports filed in 2026 and 2025, providing transparency on portfolio composition, financial results, and risk factors.