Overview
Trill Impact (US) is an investment adviser with its principal place of business in New York, NY. Trill
Impact (US) was founded in 2023 as a subsidiary of Trill Impact AB (together with affiliates, “Trill
Impact”). Trill Impact (US) is principally owned by Jan Ståhlberg, the founder and Managing Partner
of Trill Impact AB, and Nordea Bank ABP.
We intend to provide non-discretionary investment advisory services to the General Partners (as
defined below) of privately offered pooled investment vehicles (the “Funds”). Trill Impact (US) will enter
into investment advisory agreements (as supplemented or amended, each an “Advisory Agreement”)
with private fund general partners (the “General Partners”). These Advisory Agreements will appoint
the Adviser to act as an adviser to the General Partners in respect of Funds that pursue certain impact
strategies, as described further in Item 8 below, and the Funds will be clients of the Adviser.
The General Partner appoints a manager (“Manager”) on behalf of the respective Fund, with
responsibility for risk management and portfolio management. The Fund does not pay the costs of the
Manager, the General Partner pays those fees itself. References in this Brochure to a power,
authority, discretion or right of, or determination to be made by, the General Partner will be construed
as references to a power, authority, discretion or right of, or determination to be made by, the Manager
to the extent that such power or authority is granted to the Manager pursuant to the management
agreement entered into between the General Partner on behalf of each Fund and Manager. Each
Fund’s Manager makes all investment decisions for such Fund, but the management and the conduct
of the activities of such Fund remains the responsibility of the General Partner. The Adviser
recommends
investments to the applicable General Partner of the Funds who liaises with the
Manager.
Our investment advice is provided to each General Partner in respect of the relevant Fund as a whole
and is not tailored to the needs of underlying investors in the Funds (the “Investors”). We will
recommend investments suitable to a Fund in accordance with the investment objectives and
guidelines set forth in the applicable Fund governing documents. Broadly, we seek to recommend
control and/or co-control investments in established mid-sized private companies predominantly
based in the U.S. or with a significant US nexus that we believe to have strong impact management
and growth potential. We assess impact potential in terms of a business’s contributions to achieving
outcomes in line with the U.N. Sustainable Development Goals (the “SDGs”).
From time to time, a Fund may offer opportunities to potential co-investors to invest alongside a Fund
in a portfolio investment when the size of the investment opportunity exceeds the amount that would
be appropriate for the relevant Fund(s). The parties to whom such opportunities will be offered, to the
extent that they arise, are determined at the sole discretion of the General Partner. The General
Partner is not required to offer such opportunities to existing Investors, and, to the extent that the
opportunity is offered to existing Investors, the General Partner is not required to offer such opportunity
to all Investors. Trill Impact (US) does not have any discretion with respect to the offering of co-
investment opportunities.
As of the date of this Brochure, we do not have any assets under management, but we expect to have,
within 120 days, assets under management sufficient to remain eligible for registration with the SEC.