TRLC on OTC
TriLinc Global Impact Fund LLC
The foregoing list of factors is not exhaustive.4 From its latest annual report
Price unavailable
Last updated Oct 19, 2026.
Overview
- TickerTRLC on OTC1
- IndustryFinance Services1
- HeadquartersManhattan Beach, California1
- Incorporated inDE3
- Business address1230 Rosecrans Ave, Suite 602, Manhattan Beach, Ca 902663
- Filer categoryNon-accelerated filer, Smaller reporting company3
- Legal formLimited Liability Company
- Kind of organizationInvestment fund1
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The foregoing list of factors is not exhaustive. All forward-looking statements included in this Annual Report on Form 10-K are based on information available to us on the date hereof and we are under no duty to update any of the forward-looking statements after the date of this report to conform these statements to actual results.4 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Financial statements
Every line of the income statement as filed: the last 2 fiscal years, latest first.2
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Interest income | $2.2M | $6.7M |
| Payment-in-kind interest income | $16.2M | $18.5M |
| Fee income | $36.6K | $485.9K |
| Other income | $68.8K | $184.8K |
| Interest from cash | $484 | $2.3K |
| Total investment income | $18.5M | $25.9M |
| Asset management fees | $5.6M | $5.6M |
| Professional fees | $6.1M | $6.4M |
| General and administrative expenses | $1.0M | $1.5M |
| Interest expense | $553.8K | $0 |
| Board of managers fees | $257.5K | $257.5K |
| Total expenses | $13.5M | $13.7M |
| NET INVESTMENT INCOME | $5.0M | $12.2M |
| Net change in unrealized (depreciation) appreciation on investments | -$7.4M | $1.7M |
| Net realized losses on investments | -$6.1M | -$1.5M |
| NET CHANGE IN NET ASSETS RESULTING FROM OPERATIONS | -$8.5M | $12.5M |
| NET INVESTMENT INCOME PER UNIT - BASIC AND DILUTED (in dollars per share) | $0.10 | $0.26 |
| (LOSS) EARNING PER UNIT - BASIC AND DILUTED (in dollars per share) | -$0.18 | $0.26 |
| WEIGHTED AVERAGE UNITS OUTSTANDING - BASIC AND DILUTED (in shares) | 47.8M shares | 47.8M shares |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 3 fiscal years (annual) or 3 quarters (quarterly), latest first.2
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Investments, fair value | $262.2M | $268.4M | |
| Cash | $54.6K | $98.2K | |
| Interest receivable | $20.3M | $16.7M | |
| Other assets | $185.8K | $404.0K | |
| Total assets | $282.8M | $285.6M | |
| Management fee payable | $1.4M | $1.4M | |
| Repurchase obligation (see Note 5) | $2.9M | $0 | |
| Unit repurchases payable | $4.0K | $0 | |
| Accrued distribution and other fees | $348.0K | $356.0K | |
| Accrued expenses | $4.1M | $2.4M | |
| Interest payable | $428.7K | $0 | |
| Other payable | $136.1K | $0 | |
| Total liabilities | $10.2M | $4.5M | |
| NET ASSETS | $272.6M | $281.1M | $272.9M |
| Offering costs | -$17.4M | -$17.4M | |
| Net assets (equivalent to $5.714 and $5.892, respectively per unit based on total units outstanding of 47,777,406 and 47,777,985, respectively) (see Note 2) | $272.6M | $281.1M | |
| Investment, amortized cost | $329.6M | $328.4M | |
| Net assets, per unit (in dollars per share) | $5.71 | $5.89 | |
| Units outstanding (in shares) | 47.8M shares | 47.8M shares | 47.8M shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Investments, fair value | $262.2M | $268.4M | |
| Cash | $54.6K | $98.2K | |
| Interest receivable | $20.3M | $16.7M | |
| Other assets | $185.8K | $404.0K | |
| Total assets | $282.8M | $285.6M | |
| Management fee payable | $1.4M | $1.4M | |
| Repurchase obligation (see Note 5) | $2.9M | $0 | |
| Unit repurchases payable | $4.0K | $0 | |
| Accrued distribution and other fees | $348.0K | $356.0K | |
| Accrued expenses | $4.1M | $2.4M | |
| Interest payable | $428.7K | $0 | |
| Other payable | $136.1K | $0 | |
| Total liabilities | $10.2M | $4.5M | |
| NET ASSETS | $272.6M | $281.1M | $272.9M |
| Offering costs | -$17.4M | -$17.4M | |
| Net assets (equivalent to $5.714 and $5.892, respectively per unit based on total units outstanding of 47,777,406 and 47,777,985, respectively) (see Note 2) | $272.6M | $281.1M | |
| Investment, amortized cost | $329.6M | $328.4M | |
| Net assets, per unit (in dollars per share) | $5.71 | $5.89 | |
| Units outstanding (in shares) | 47.8M shares | 47.8M shares | 47.8M shares |
Every line of the cash flow as filed: the last 2 fiscal years, latest first.2
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| NET CHANGE IN NET ASSETS RESULTING FROM OPERATIONS | -$8.5M | $12.5M |
| Proceeds from disposition and paydowns of investments | $8.5M | $14.4M |
| Payment-in-kind interest | -$16.2M | -$18.5M |
| Net change in unrealized depreciation (appreciation) on investments | $7.4M | -$1.7M |
| Net realized loss on investments | $6.1M | $1.5M |
| Increase in interest receivable | -$534.6K | -$3.4M |
| Increase in due from affiliate | -$10.0K | $0 |
| Decrease (increase) in other assets | $448.1K | -$41.6K |
| (Decrease) increase in management fee payable | -$34.5K | $205.8K |
| Increase (decrease) in accrued expenses | $1.6M | -$1.2M |
| Increase in due to affiliates | $677.2K | $240.1K |
| Increase in interest payables | $428.7K | $0 |
| Increase (decrease) in other payables | $136.1K | -$694.6K |
| NET CASH (USED IN) PROVIDED BY OPERATING ACTIVITIES | -$43.6K | $3.3M |
| Distributions paid to unitholders | $0 | -$4.2M |
| NET CASH USED IN FINANCING ACTIVITIES | $0 | -$4.2M |
| TOTAL DECREASE IN CASH | -$43.6K | -$882.5K |
| Cash paid for interest during the period | $14.8K | $7.1K |
| Paid-in-kind interest capitalized into investments | $19.9M | $20.9M |
| Change in accrual of distribution and other fees | -$8.0K | $6.0K |
No quarter-by-quarter statement was filed.
Leadership
Who has led TriLinc Global Impact Fund LLC, and when. Pick a name to see everywhere that person has worked.
Chief executive
President
Chief financial officer
Chief operating officer
- Chief executive officerGloria S. Nelund Apr 28, 2015 to Feb 9, 201617
- ChairGloria S. Nelund Apr 28, 2015 to Feb 9, 201617
- PresidentGloria S. Nelund Apr 28, 2015 to Feb 9, 201617
- Chief financial officerKun Yong Park Apr 11, 2025 to now18
- Chief financial officerMark Tipton Feb 25, 2019 to Feb 25, 201919
- Chief financial officerBrent L. Vannorman Feb 9, 2016 to Feb 9, 201620
- Chief operating officerBrent L. Vannorman Feb 9, 2016 to Feb 9, 201620
Board members and other officers (5)
- OfficerBrent L. Vannorman Apr 28, 2015 to Apr 28, 201521
- Chief Investment OfficerPaul Sanford Apr 28, 2015 to Apr 28, 201522
- Board memberBrent L. Vannorman Apr 28, 2015 to Feb 9, 201621
- Board memberCynthia Lynn Hostetler Apr 28, 2015 to Apr 28, 201523
- Board memberTerry Otton Apr 28, 2015 to Apr 28, 201524
Named in SEC Form D filings
People the company listed in its private-offering notices.
Timeline
- Apr 28, 2015New chief executive Gloria S. Nelund becomes CEO17
Filings
119 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 71 major events, 2 insider forms, 2 private raises, 24 other. The latest 20:
- Sep 10, 20268-K EDGAR
- Sep 10, 20268-K EDGAR
- Aug 18, 20268-K EDGAR
- Aug 13, 2026424B3 EDGAR
- Aug 12, 202610-Q EDGAR
- Jul 16, 20268-K EDGAR
- Jun 10, 20268-K EDGAR
- Jun 1, 20268-K EDGAR
- May 19, 20263 EDGAR
- May 15, 2026424B3 EDGAR
- May 14, 202610-Q EDGAR
- Apr 23, 20268-K EDGAR
- Mar 31, 2026POS EX EDGAR
- Mar 31, 2026424B3 EDGAR
- Mar 30, 202610-K EDGAR
- Mar 26, 20268-K EDGAR
- Feb 25, 20268-K EDGAR
- Jan 23, 20268-K EDGAR
- Dec 19, 20258-K EDGAR
- Nov 26, 20258-K EDGAR
The 119 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Money raised
Private offerings the company reported to the SEC on Form D.
- Nov 19, 2019Raised $12.3 million in a private offering of equity Form D: $500 million offered in all Form D
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 19SEC EDGARMark Tipton, Chief financial officer
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- 21SEC EDGARBrent L. Vannorman, Officer
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- 23SEC EDGARCynthia Lynn Hostetler, Board member
- 24SEC EDGARTerry Otton, Board member
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