Trinity Capital Achieves Record $1.2 Billion in Investments

By Bobby Samwell • Monday, January 13 10:24 • Permanent Link

Trinity Capital Inc. (NASDAQ: TRIN) has achieved a significant milestone in 2024, with a record $1.2 billion of investments funded throughout the year. The company also originated $1.6 billion of new commitments in the same period.

In the fourth quarter of 2024, Trinity funded $297 million of total investments, comprising $190 million in secured loans, $96 million in equipment financings, and $11 million in warrant and equity investments. The company also originated $411 million of new commitments, including $231 million in secured loans, $173 million in equipment financings, and $7 million in equity investments.

For the full year 2024, the total investments funded amounted to approximately $1.2 billion, with $887 million in secured loans, $304 million in equipment financings, and $38 million in warrant and equity investments. Trinity originated approximately $1.6 billion of total new commitments, including $1.1 billion in secured loans, $499 million in equipment financings, and $19 million in equity investments.

The company funded approximately $968 million to 39 new portfolio companies, $245 million to 28 existing portfolio companies, and $16 million of investments to multi-sector holdings. Additionally, proceeds received from repayments and exits of the company's investments totaled approximately $808 million, including $314 million from early debt repayments and refinancings, $45 million from warrant and equity exits, $207 million from scheduled/amortizing debt payments, and $242 million from investments sold primarily to multi-sector holdings.

Kyle Brown, Chief Executive Officer of Trinity Capital, expressed his satisfaction with the team's performance, emphasizing the strength of the company's unique business structure and the consistent value created for investors and partners.

Trinity Capital Inc., an international alternative asset manager, aims to provide investors with stable and consistent returns through access to the private credit market. The company sources, vets, and invests in dynamic privately funded growth-oriented companies, offering investors access to a strong and diversified portfolio.

Headquartered in Phoenix, Arizona, Trinity Capital has an international footprint supported by a dedicated team of strategically located investment professionals. Following these announcements, the company's shares moved -0.6%, and are now trading at a price of $14.18. For the full picture, make sure to review Trinity Capital's 8-K report.

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