Board of Managers

The following are the independent members of TriLinc's Board of Managers.

Terry Otton

Independent Manager

Terry Otton served as Chief Executive Officer of RS Investments from September 2005 until his retirement in March 2012 and as President and Trustee of RS Investment Trust and RS Variable Products Trust since April 2004 and May 2006 until March 2012, respectively. Mr. Otton re-joined RS Investments in 2004 and became Chief Executive Officer in September 2005. Mr. Otton has 30 years of experience in the investment management and securities industry, having previously served as a Managing Director of the mergers and acquisition practice at Putnam Lovell NBF Group, an investment banking firm focused on the investment management and securities industry. Previously, Mr. Otton spent more than 10 years as a Managing Director and CFO of Robertson, Stephens & Company and Robertson Stephens Investment Management, the predecessor to RS Investments. Mr. Otton was one of the principal founders of Robertson Stephens Investment Management in 1986. Mr. Otton holds a Bachelor of Science degree in Business Administration from the University of California at Berkeley and is a Certified Public Accountant.

Mr. Otton was selected to serve on the Company’s board of managers because of his over 30 years of experience in the investment management and securities industry. Having most recently served as Chief Executive Officer of RS Investments and President and Trustee of RS Investment Trust and RS Variable Products Trust, Mr. Otton brings recent and relevant perspective on the state of the investment management industry. He is also able to provide valuable insight with regard to TriLinc’s investment strategy, regulatory and compliance oversight, and operational processes.

Cynthia Hostetler

Independent Manager

Cynthia Hostetler has served on the Board of Directors of Vulcan Materials Company (NYSE: VMC), a producer of construction aggregates and other construction materials, since July 2014, and has been an independent trustee for Invesco Funds since 2017. Additionally, in March 2020, she was appointed to the Board of Directors for Resideo Technologies. Ms. Hostetler previously was an independent trustee of Aberdeen Investment Funds from 2013-2017 and prior to the acquisition of Artio Global Asset Management by Aberdeen Asset Management, an independent trustee of Artio Global Investment Funds from 2010 until 2013. Ms. Hostetler served on the board of Genesee Wyoming Railroad (NYSE:GWR) from May 2018 to December 2019. GWR was acquired by Brookfield Asset Management in late 2019. Ms. Hostetler also served from May 2012 to November 2013 as an independent director of Edgen Group (NYSE:EDG), an energy infrastructure company. EDG was acquired by Sumitomo Corporation in late 2013. From August 2001 until her retirement in January 2009, Ms. Hostetler was the Head of Investment Funds at the Overseas Private Investment Corporation (OPIC). Prior to OPIC, Ms. Hostetler was the President and a member of the Board of Directors of First Manhattan Bancorporation. Ms. Hostetler began her professional career as an attorney in the corporate/banking department of the law firm Simpson Thacher & Bartlett. She received a Bachelor of Arts degree from Southern Methodist University and her law degree from The University of Virginia School of Law.

Ms. Hostetler was selected to serve on the Company’s board of managers because of her direct experience in investing significant assets and development in the geographic regions in which TriLinc operates, as well as her extensive experience in the banking and investment industries. As TriLinc seeks to establish and leverage relationships with DFIs, Ms. Hostetler’s seven years as Vice President of Investment Funds at OPIC positions her as an excellent source of insight and guidance in working with such institutions. Her diverse public company and mutual fund board positions make her a valuable resource in the areas of risk management, governance, valuation, and with regard to certain sectors in which we make investments.

R. Michael Barth

Independent Manager

R. Michael Barth has been a Managing Partner of Barth & Associates LLC, an emerging markets capital advisory and consulting firm, since January 2012. Previously, Mr. Barth held various positions with Darby Overseas Investment Ltd., then a 100 % subsidiary of Franklin Templeton Investments, including Senior Advisor, Business Development from January 2011 until January 2012, Senior Director, Business Development from January 2009 until January 2011, Senior Managing Director, Global Investment from March 2007 until January 2009 and Managing Director, Global Investment from March 2006 until March 2007. Before joining Darby, Mr. Barth spent over twenty years working for some of the most prominent development finance institutions in the world. Mr. Barth holds a Master’s Degree in International Affairs/Economics from the Johns Hopkins University School of Advanced International Studies, and a Bachelor’s Degree in Economics from Brandeis University.

Mr. Barth was selected to serve on the Company’s board of managers because of his distinguished career in emerging markets development and investment. His qualifications to serve on the Company’s board of managers span more than 30 years of relevant experience in development/emerging markets, including serving as Chief Executive Officer of FMO (Netherlands Development Finance Company), Director of the Capital Markets Development Department at the World Bank, and several senior positions at the International Finance Corporation, the private sector arm of the World Bank Group.

Mr. Barth is currently Chairman of the Board of Africinvest Private Credit, part of the private equity manager, Africinvest Group, and is a member of the Advisory Board of Exagon Impact Capital. He is also a member of the Investment Committees of the MPEF III and MPEF IV funds of Africinvest and is on the Supervisory Committee of the financial sector-oriented Five Fund. Additionally, he is Senior Advisor of the Global Private Capital Association (GPCA) and recently completed advisory assignments for McKinsey and Company and the Asian Infrastructure Investment Bank. Previously, he has held several board positions, including GPCA, the Emerging Markets Growth Fund, FINCA Microfinance Holding, and ProCredit.