Rating Release
Agusto & Co. hereby upgrades the rating assigned to Trium Limited (“Trium” or “the Manager”) to A-(IM).
The rating expires on 27 October 2025.
Agusto & Co. hereby upgrades the rating of Trium Limited (“Trium” or “the Manager”) to ‘A-(IM)’. The rating reflects Trium’s enhanced governance structure with the appointment of three new non-executive directors, including the chairperson of the Board and the elimination of familial relationship on the Board. The rating is also upheld by the Manager’s qualified and experienced investment committee members, good deals screening process, adequate support from a well-established financial services group and a successful exit from an investee company. The rating is, however, constrained by a lean structure across key units of Trium. We have also taken into consideration the elevated risks inherent in venture capital enterprises and their potential impact on the Manager’s capacity to maintain stability in assets under management while achieving long-term investment objectives.
