Trinity Capital Inc. Funds $220 Million of Investments in the First Quarter of 2025

Rhea-AI Summary

Trinity Capital Inc. (Nasdaq: TRIN) has reported significant investment activity for Q1 2025, with $220 million in total investments funded. The funding breakdown includes:

• $148 million in secured loans
• $71 million in equipment financings
• $1 million in warrant and equity investments

The company originated $186 million in new commitments, distributing $95 million to six new portfolio companies and $125 million to 19 existing portfolio companies. Portfolio repayments and exits totaled $157 million, comprising $78 million from scheduled debt payments, $44 million from early repayments, and $35 million from sold investments. Complete Q1 2025 financial results will be released on May 7, 2025.

Positive

• Strong investment deployment of $220M in Q1 2025
• Portfolio expansion with 6 new companies added
• Healthy portfolio activity with $157M in repayments indicating good asset quality
• Diversified investment approach across secured loans and equipment financing

Negative

• Net portfolio growth to $63M ($220M investments - $157M repayments)

Insights

Financial Analyst

Trinity Capital's Q1 2025 investment activity demonstrates strong portfolio growth with $220 million in funded investments against $157 million in repayments, yielding net portfolio growth of $63 million. The company's investment mix heavily favors secured loans ($148 million funded, $174 million in new commitments), which typically offer lower risk profiles while providing reliable income streams.

The addition of six new portfolio companies indicates continued market reach expansion, while additional funding to 19 existing relationships ($125 million) suggests strong client retention and recurring business opportunities. The $44 million in early debt repayments is particularly noteworthy as it indicates portfolio companies may be achieving milestones or securing additional financing sooner than expected.

For a business development company (BDC) like Trinity, this level of portfolio activity reflects healthy deal flow and robust asset origination capabilities. The $186 million in new commitments also creates a pipeline for future investment deployment, supporting continued portfolio growth. While we'll need to wait for the full earnings report to assess profitability metrics, this investment activity report suggests Trinity's core lending business maintains strong operational momentum in the venture debt market.

Company originates $186 million of new commitments in the first quarter of 2025

PHOENIX, April 9, 2025 /PRNewswire/ -- Trinity Capital Inc. (Nasdaq: TRIN) (the "Company"), a leading alternative asset manager, today announced a portfolio update for the first quarter of 2025. Trinity Capital funded $220 million of total investments and originated $186 million of new commitments in the first quarter of 2025.

First quarter 2025 investment highlights:

• Investments funded totaled approximately $220 million, which was comprised of $148 million in secured loans, $71 million in equipment financings, and $1 million in warrant and equity investments.
• Trinity Capital originated approximately $186 million of new commitments, which was comprised of $174 million in secured loans, $11 million in equipment financings, and $1 million in equity investments.
• The Company funded approximately $95 million to six new portfolio companies and $125 million to 19 existing portfolio companies.
• Proceeds received from repayments and exits of the Company's investments totaled approximately $157 million, which included $78 million from scheduled/amortizing debt payments, $44 million from early debt repayments and $35 million from investments sold primarily to multi-sector holdings.

Trinity Capital will release its complete first quarter 2025 financial results on Wednesday, May 7, 2025, and will discuss its financial results on a conference call the same day at 12:00 p.m. ET.

To listen to the call, please dial (800) 267-6316 or (203) 518-9783 internationally and reference Conference ID: TRINQ125 if asked, approximately 10 minutes prior to the start of the call. A live webcast of the first quarter 2025 financial results conference call will also be available on the Investor Relations section of the Company's website at ir.trinitycapital.com. A replay will be available on the Company's website for 90 days following the conference call.

About Trinity Capital Inc.

Trinity Capital Inc. (Nasdaq: TRIN) is an international alternative asset manager, aiming to provide investors with stable and consistent returns through access to the private credit market. We source, vet, and invest in dynamic privately funded growth-oriented companies, giving our investors access to a strong and diversified portfolio. With distinct business verticals, Trinity Capital stands as a trusted partner for innovative companies seeking tailored growth capital solutions. Headquartered in Phoenix, Arizona, the firm has an international footprint, supported by a dedicated team of strategically located investment professionals. For more information, visit the company's website at trinitycapital.com and stay connected by following us on LinkedIn and X (formerly Twitter).

Forward-Looking Statements

This press release may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Statements other than statements of historical facts included in this press release may constitute forward-looking statements and are not guarantees of future performance or results and involve a number of risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described from time to time in filings with the Securities and Exchange Commission ("SEC"). The Company undertakes no duty to update any forward-looking statement made herein. All forward-looking statements speak only as of the date of this press release. More information on risks and other potential factors that could affect the Company's financial results, including important factors that could cause actual results to differ materially from plans, estimates or expectations, is included in the Company's filings with the SEC, including in the "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" sections of the Company's most recently filed annual report on Form 10-K and subsequent SEC filings.

 

 

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SOURCE Trinity Capital Inc.

FAQ

How much did Trinity Capital (TRIN) invest in Q1 2025?

Trinity Capital invested $220 million in Q1 2025, comprising $148M in secured loans, $71M in equipment financings, and $1M in warrant and equity investments.

What was TRIN's new commitment origination in the first quarter of 2025?

Trinity Capital originated $186 million in new commitments, including $174M in secured loans, $11M in equipment financings, and $1M in equity investments.

How many new portfolio companies did Trinity Capital (TRIN) fund in Q1 2025?

Trinity Capital funded six new portfolio companies with $95 million, while also providing $125 million to 19 existing portfolio companies.

What was the total amount of repayments and exits for TRIN in Q1 2025?

Total repayments and exits were $157 million, including $78M from scheduled debt payments, $44M from early repayments, and $35M from sold investments.