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Written by 2:31 pm Blog, Current Investigations

Triloma EIG Energy Income Fund – Securities Investigation

Triloma EIG Energy Income Fund

Concerned about your investment in Triloma EIG Energy Income Fund?

The White Law Group is investigating potential claims involving broker dealers who may have unsuitably recommended Triloma EIG Energy Income Fund to investors.

According to its website, the Triloma EIG Energy Income Funds are unlisted investment companies that invest primarily in a global portfolio of privately originated energy company and project debt. The Fund’s investment objective is primarily to provide shareholders with current income; as secondary investment objectives, the Fund will seek to provide capital preservation and, to a lesser extent, long-term capital appreciation.

The funds are managed by Triloma Energy Advisors and EIG Credit Management Company, and offer individuals “an opportunity to invest in U.S. and non-U.S. energy companies and project.”

According to recent SEC filings, Triloma EIG Energy Income Fund and Triloma EIG Energy Income Fund – Term I, are suspending their offerings due to market conditions. The boards also approved to suspend each fund’s share repurchase programs.

The boards believe that it will be in shareholders’ best interests to consider a plan of liquidation for each fund, which would authorize their termination, liquidation and dissolution. Time frames will be provided once a decision is reached, according to the filings.

In recent months, the funds have reportedly struggled to raise significant equity, with a combined $6.6 million raised since the beginning of 2018.

Triloma EIG Energy Income Fund and Triloma EIG Energy Income Fund I have reportedly raised $24.6 million and $20.0 million since their July 2015 launch, respectively.

Free Consultation with a Securities Attorney

Registered brokers have a responsibility to make suitable investment recommendations. When brokers recommend unsuitable investments to their clients, they can be held liable for investment losses through a FINRA dispute resolution claim.

FINRA operates the largest securities dispute resolution forum in the United States, and has extensive experience in providing a fair, efficient and effective venue to handle a securities-related dispute.

If you are concerned about your investment in Triloma EIG Energy Income Fund, you may be able to file a FINRA claim to recover your losses. For a free consultation with a securities attorney, please call The White Law Group at 888-637-5510.

The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Vero Beach, Florida.

For more information on The White Law Group, visit www.WhiteSecuritiesLaw.com.

 

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