Trinity Capital Inc. Reports Record-Breaking $635M Investments in Q3 2024

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.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.

IN FOCUS