PHOENIX, Jan. 22,
2025 /PRNewswire/ -- Trinity Capital Inc. (NASDAQ:
TRIN) ("Trinity Capital" or the "Company"), a leading alternative
asset manager, today announced that its equipment finance vertical
has surpassed $1 billion in fundings
to high-growth companies since 2018. This milestone underscores the
Company's commitment to supporting the growth and innovation of
businesses in a variety of industries, including manufacturing
& automation, energy, space technology, climate tech, and
artificial intelligence.
"Crossing the $1 billion mark is a
testament to the strength and dedication of our equipment finance
team," said Kyle Brown, Chief
Executive Officer of Trinity Capital. "We believe the market is
primed for continued growth of this vertical and we're excited to
build on this momentum, driving even greater value for our clients
and stakeholders."
Trinity Capital has established itself as a key player for
capital expenditure (CapEx) financing. With a dedicated team of
investment professionals, the equipment financing vertical has
supported companies such as Hermeus Corp., DrinkPAK LLC, Hadrian
Automation, Inc., Rocket Lab USA,
Inc., and Dandelion Energy in scaling their operations, fueling
innovation and advancing key sectors in manufacturing.
"The success of the equipment financing vertical highlights the
growing demand for flexible, innovative financial solutions that
align with the strategic goals of companies across various
industries," said Ryan Little,
Senior Managing Director, Equipment Finance at Trinity Capital.
"This financing solution empowers companies to access additional
capital without diluting their equity base, which not only
strengthens their capital structure but also positions them for
long-term success."
Cited fundings include debt investments made by the equipment
finance vertical from January 1,
2018, through December 31,
2024. Prior to January 16,
2020, such investments were made through Trinity Capital's
predecessor funds, the first of which was launched in 2008. On
January 16, 2020, these predecessor
funds were merged with and into Trinity Capital, immediately after
which Trinity Capital began operating as a business development
company.
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).
View original content to download
multimedia:https://www.prnewswire.com/news-releases/trinity-capital-incs-equipment-finance-vertical-celebrates-milestone-over-1-billion-in-fundings-to-high-growth-companies-302356349.html
SOURCE Trinity Capital Inc.
