Trinity Capital’s sponsored investment fund, Trinity Capital SBIC LP, received approval from the U.S. Small Business Administration (SBA) to operate as a Small Business Investment Company (SBIC). The fund is the company’s third sponsored investment fund that has received such a license since the company’s inception in 2008. Previously, through its predecessor funds, the company deployed $734 million through SBICs.
“We are grateful for the trust and support of our investors, and for the approval of our license application from the SBA, with whom we have a successful history of deploying capital to growing businesses across the United States,” Kyle Brown, the company’s CEO, said. “This important milestone diversifies our capitalization through our managed funds platform, where we are delivering Trinity Capital’s differentiated originations pipeline to private fund investors.”
As an SBIC, the fund is eligible for up to $175 million of SBA-guaranteed debentures at a two-to-one debt-to-investor commitments ratio, resulting in a potential total fund size of $262.5 million if the target $87.5 million fundraise is achieved. The fund, with its access to cost-effective SBA-guaranteed debentures, provides the opportunity for substantial deployment to growing, innovative small businesses in the U.S. on behalf of fund investors.
