WINTER PARK, FL--(Marketwired - October 20, 2016) - The board of Triloma EIG Global Energy Term Fund I and Triloma EIG Global Energy Fund (together, the "Funds") announced today the appointment of Hope Newsome as chief compliance officer of the Funds. Until now, the Funds have relied on third-party compliance to help ensure their adherence to applicable regulatory requirements. With this appointment, the Funds will now have a full-time, dedicated chief compliance officer responsible for developing, administering and enforcing the Funds' policies and procedures.
Newsome joined Triloma Securities in 2015, having spent four years as chief compliance officer of Newport Group Securities, a FINRA registered broker-dealer and SEC registered investment adviser. Prior to Newport Group, she held the positions of general counsel and chief compliance officer at International Assets Advisory, LLC, and as director of business practices and controls at AXA Equitable where she led a controls team that managed the review of more than 2,000 financial professionals across the United States.
Newsome currently serves as chief compliance officer of Triloma Energy Advisors, the Funds' advisor, and secretary of the Funds, making her a natural choice for CCO of the Funds. "Hope's knowledge of regulatory requirements, natural gift for practical execution of compliance activities, and her sharp business acumen make her more than just a compliance officer, but a true leader within the Funds," said Deryck Harmer, president and chief executive officer of the Funds.
The announcement comes less than one month after Sara Searle was named chief compliance officer for Triloma Securities. Searle plans to add two more members to her compliance team before year end as part of the firm's continued strategic growth efforts.
About Triloma EIG Global Energy Term Fund I and Triloma EIG Global Energy Fund
Triloma EIG Global Energy Term Fund I and Triloma EIG Global Energy Fund are unlisted investment companies that invest primarily in global portfolios of privately originated energy company and project debt. Their investment objectives are to provide shareholders with current income, capital preservation and, to a lesser extent, long-term capital appreciation. The Funds are managed by Triloma Energy Advisors and EIG Credit Management Company, wholly owned subsidiaries of Triloma Financial Group and EIG Global Energy Partners, respectively. For additional information, please visit trilomaenergy.com.
Triloma Financial Group is a private investment management firm providing individuals with a unique approach to alternative investment opportunities. Triloma manages and sponsors a group of private and publicly offered investment programs focused on private equity, real estate and energy investments. Triloma specializes in thorough research, individual access, powerful partnerships and excellent service. Triloma is headquartered in Winter Park, Florida. For additional information, please visit triloma.com.
Securities offered through Triloma Securities, member FINRA/SIPC. Triloma Securities is a wholly owned subsidiary of Triloma Financial Group.
About EIG Global Energy Partners
EIG Global Energy Partners (EIG) is a leading institutional investor to the global energy sector with $14 billion under management as of June 30, 2016. EIG specializes in private investments in energy and energy-related infrastructure on a global basis. During its 34-year history, EIG has invested over $22.7 billion in the sector in more than 312 projects or companies in 36 countries on six continents. EIG's clients include many of the leading pension plans, insurance companies, endowments, foundations and sovereign wealth funds in the U.S., Asia and Europe. EIG is headquartered in Washington, D.C. with offices in Houston, London, Sydney, Rio de Janeiro, Hong Kong and Seoul. For more information, visit eigpartners.com.
Triloma and EIG are not affiliated.
This is not an offer. The respective offerings of the Funds' common stock can be made solely by means of a written prospectus forming part of the effective registration statement. The prospectuses and their supplements, which contain important information about the Funds, can be obtained upon request and without charge by writing to the Funds at 201 N. New York Ave., Suite 250, Winter Park, FL 32789, or by calling the Funds collect at 407-636-7115. Prospective investors should read the prospectuses and their supplements carefully before investing. Investors are advised to consider the investment objectives, risks, charges and expenses of the Fund carefully before investing. The prospectuses contain this and other information about the Funds. There can be no assurance that the Funds will achieve their investment objectives.
The Funds' investments in various types of debt securities and instruments may be secured, unsecured, rated and unrated, are subject to non-payment risk, and may be speculative in nature. Investments in senior secured debt present additional risks, including that there is a higher risk of default than with investment-grade bonds. Generally, investments in debt securities with longer-term maturities are subject to greater volatility than investments in shorter-term obligations. The Funds' investments in energy companies expose the Funds to risks associated with adverse economic, environmental or regulatory occurrences affecting the energy sector, a higher volatility of the market and a downturn in the energy sector could have a larger impact on the Funds than on funds that are broadly diversified across many sectors and industries.
This press release may contain forward-looking statements identified by the use of words such as "outlook," "indicator," "believes," "expects," "potential," "continues," "may," "will," "should," "seeks," "approximately," "predicts," "intends," "plans," "estimates," "anticipates" or the negative version of these words or other comparable words. Such forward-looking statements are subject to various risks and uncertainties. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. Triloma, EIG and the Funds believe these factors include, but are not limited to, those described under the section entitled "Risk Factors" in the Fund's registration statement, as such factors may be updated from time to time in its periodic filings with the U.S. Securities and Exchange Commission, which are accessible on the SEC's website at sec.gov. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in this release and in the Fund's filings. Triloma, EIG and the Funds assume no obligation to update or supplement forward-looking statements that become untrue because of subsequent events for circumstances.