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 since 2001 as 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 investment management and the 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 bring recent and relevant perspective on the state of the investment management industry. He is also able to provide valuable insight with regard to our investment strategy, regulatory and compliance oversight and operational processes.

Cynthia Hostetler

Independent Manager

Cynthia Hostetler is an independent trustee and serves as the Investment Committee Chair for Invesco Funds since 2017. Invesco Ltd (NYSE:IVZ) is part of the S&P 500. Representing Invesco Funds, she is a board member of both the Investment Company Institute and the Independent Directors Council, of which she served as the Nominating and Governance Chair of the latter. She is also an independent board member of Vulcan Materials Company (NYSE:VMC) since 2014 where she formerly served as Finance Chair. VMC is both a Fortune 500 and a S&P 500 member. Additionally, Ms. Hostetler serves as an independent board member of Resideo Technologies (NYSE:REZI) since 2020. She serves as the REZI Nominating and Governance Chair, which is a spin of the Fortune 150 Honeywell International. Formerly, Ms. Hostetler also served on the boards of Aberdeen Investment Funds, Artio Global Investment Funds, Textainer Group Holdings Ltd (formerly NYSE:TGH), Genesee Wyoming Railroads (formerly NYSE:GWR), and Edgen Group (NYSE:EDG). From 2001 to her retirement in 2009, Ms. Hostetler was the Head of Investment Funds at the Overseas Private Investment Corporation, one of the world’s largest private equity developing markets/impact funds. Prior, she 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 her Bachelor of Arts degree from Southern Methodist University with honors 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 extensive experience investing significant assets in geographic regions in which TriLinc operates and in overseeing hundreds of billions of dollars in her board member roles for investment funds and banking. In addition, her expansive public company board work makes her a unique and valuable resource in the areas of risk management, governance, and valuation.

R. Michael Barth

Independent Manager

Michael Barth has been a Managing Partner of Barth & Associates LLC, an emerging markets-oriented investment advisory and consulting firm since January 2012. Previously, Mr. Barth worked at Darby Overseas Investment Ltd. including as Senior Advisor/Senor Director, Business Development from 2009 until 2011 and (Senior) Managing Director, Global Investment from 2006 until 2009. Before joining Darby, Mr. Barth spent over twenty years working – in senior positions -for several prominent international; development finance institutions. Mr. Barth holds a Master’s Degree in International Economics/International Affairs from the John Hopkins University, School of Advanced International Studies, and a Bachelor’s Degree in Economics from Brandeis University. Mr. Barth is currently chairman of AfricInvest Private Credit. He is also a member of the Investment Committees of the MPEF III and MPEF IV funds of private equity manager AfricInvest as well as their financial sector-oriented FIVE Fund. He is also a member of the Advisory Board of Exagon Impact Capital, focused on Latin America. He has recently completed a ten-year term as Senior Advisor to the Global Private Capital Association (GPCA); he has also been Senior Advisor to McKinsey and Company, Senior Consultant to the Asian Infrastructure Investment Bank, a member of the International Council of the Bretton Woods Committee and Non-Resident Fellow at the Center for Strategic and International Studies (CSIS). Previously, he held several board positions, including EMPEA/GPCA, the Emerging Markets Growth Fund Inc., FINCA Microfinance Holding and ProCredit.

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 at the World Bank and several senior positions at the International Finance Corporation, the private arm of the World Bank Group.