TriLinc Global Impact Fund, LLC reported its financial results for the three and nine months ended September 30, 2024, showing a mixed performance compared to the previous fiscal period. As of September 30, 2024, the company’s total investments at fair value amounted to $267.3 million, an increase from $261.7 million at the end of 2023. The amortized cost of these investments was $327.4 million, reflecting a slight improvement in asset valuation.

Total assets rose to $282.8 million from $278.8 million, while total liabilities decreased significantly to $4.0 million from $5.9 million, resulting in net assets of $278.8 million, up from $272.9 million. The net asset value per unit increased to $5.84, compared to $5.72 at the end of 2023.

For the three months ended September 30, 2024, total investment income was $6.5 million, up from $5.8 million in the same period of 2023. However, for the nine months, total investment income slightly declined to $19.1 million from $19.3 million. The company reported a decrease in total expenses for both periods, with Q3 expenses at $3.3 million, down from $3.7 million, and nine-month expenses at $10.6 million, down from $11.9 million. This led to a net investment income of $3.3 million for Q3 2024, a significant increase from $2.1 million in Q3 2023, and a nine-month net investment income of $8.4 million, up from $7.4 million.

The net change in net assets resulting from operations for the three months ended September 30, 2024, was $3.5 million, compared to $1.0 million in 2023. For the nine months, the company reported a net increase of $10.1 million, a notable recovery from a loss of $1.1 million in the same period last year.

The company’s cash position at the end of September 2024 was approximately $878,000, a decrease from $980,741 at the beginning of the period. Cash flows from operating activities decreased significantly, primarily due to a drop in proceeds from investment paydowns. The company has no outstanding debt and is actively seeking financing to support its operations.

TriLinc's investment strategy focuses on small and medium enterprises (SMEs) in developing economies, with a diversified portfolio that includes direct loans and trade finance. The company has faced challenges due to the lingering effects of the COVID-19 pandemic and supply chain disruptions, but recent macroeconomic improvements have positively impacted borrower performance. The company has also resumed its unit repurchase program under specific circumstances after a temporary suspension.