Trinity Capital Inc. has reported a record-breaking third quarter in 2024, with a total of $635 million in new investments originated during this period. This brings the total new commitments for the first three quarters of 2024 to $1.2 billion, indicating a strong performance in the company's investment activities.
In terms of funding, the company disbursed a record $459 million in the third quarter. This was composed of $406 million in secured loans, $39 million in equipment financings, and $14 million in warrant and equity investments.
Looking at the aggregate investment highlights for the first three quarters of 2024, Trinity Capital Inc. has funded approximately $933 million. This includes $696 million in secured loans, $208 million in equipment financings, and $29 million in warrant and equity investments.
Furthermore, the company has originated approximately $1.2 billion in total new commitments during this period, with $874 million in secured loans, $326 million in equipment financings, and $11 million in equity investments.
The proceeds received from repayments and exits of the company's investments totaled approximately $527 million for the first three quarters of 2024. This included $184 million from early debt repayments and refinancings, $148 million from normal amortization, $30 million from investment exits, and $165 million from investments sold to private vehicles.
Following these announcements, the company's shares moved -0.1%, and are now trading at a price of $13.7. For more information, read the company's full 8-K submission here.
