Trinity Capital
Trinity Capital provides venture debt and equipment financing to high-growth, venture-backed companies, managing $1.6 billion in assets with a portfolio that includes innovative firms like Impossible Foods and Lucid Motors.
Overview of Trinity Capital
Trinity Capital specializes in providing venture debt and equipment financing to high-growth, venture-backed growth-stage companies. Headquartered at 1N 1st Street, Suite 302, Phoenix, AZ 85004, with an additional office at 330 South Cedros Ave Suite 200, Solana Beach, CA 92075, the firm manages $1.6 billion in assets. Notably, Trinity Capital raised $8 million in 2008 and grew to $24 million by the end of 2009. The company went public with an IPO in 2021 and reported $1.3 billion in assets under management as of September 30, 2023.
Venture Debt and Equipment Financing Services
Trinity Capital is known for its expertise in venture debt and equipment financing, particularly for life sciences companies. The firm provides non-dilutive capital to fuel medical innovation and offers flexible financing solutions. Their venture debt offerings can raise up to $100 million, and they are specialists in financing various capital expenditure requirements for high-growth companies.
Trinity Residency Program
Trinity Capital offers a 12-month immersive training program called the Trinity Residency Program. This Residency Program is designed for aspiring professionals seeking to enter the venture capital industry. It provides practical experience and exposure to investment processes, aiming to cultivate future leaders in venture finance.
Portfolio Companies and Investments
Trinity Capital's diverse portfolio includes innovative companies such as Impossible Foods, Super73, Axiom Space, and Lucid Motors. With $3.2 billion in fundings and a record of 330 investments, the firm has a long history of supporting visionary companies. They focus on industries like aerospace, agricultural equipment, alternative protein, clean technology, energy, food and beverage, information technology, life sciences, oil and gas, robotics, semiconductors, and transportation.
Performance and Financial Metrics
Trinity Capital reported a 17.6% return on average equity as of September 30, 2023, and achieved 12 consecutive quarters of dividend increases. They reported a 24% increase in their Net Asset Value (NAV) annually and a 14% annualized dividend yield as of December 31, 2023. In 4Q23, they declared a regular dividend of $0.50, representing a 2% increase over the prior quarter. These metrics demonstrate Trinity Capital's strong financial performance and consistent return to shareholders.