Trinity Capital, an alternative asset manager, funded $297 million of total investments in Q4/24, putting Trinity at a record of $1.2 billion of fundings in 2024. Additionally, Trinity originated $411 million of investments in Q4/24, bringing total new commitments for 2024 to $1.6 billion.
“We are very pleased with our team’s outstanding performance in 2024,” Kyle Brown, CEO of Trinity Capital, said. “This milestone year reflects the strength of our unique business structure and the consistent value we create for our investors and partners.”
Q4/24 investment highlights:
- Investments funded totaled approximately $297 million, which was comprised of $190 million in secured loans, $96 million in equipment financings and $11 million in warrant and equity investments.
- Trinity originated approximately $411 million of new commitments, which was comprised of $231 million in secured loans, $173 million in equipment financings and $7 million in equity investments.
- The company funded approximately $233 million to 9 new portfolio companies, $59 million to 15 existing portfolio companies and $5 million of investments to multi-sector holdings.
- Proceeds received from repayments and exits of the company’s investments totaled approximately $281 million, which included $130 million from early debt repayments, $15 million from warrant and equity exits, $59 million from scheduled/amortizing debt payments and $77 million from investments sold primarily to multi-sector holdings.
Full year 2024 investment highlights:
- Total investments funded was approximately $1.2 billion, which was comprised of $887 million in secured loans, $304 million in equipment financings and $38 million in warrant and equity investments.
- The company originated approximately $1.6 billion of total new commitments, which was comprised of $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.
- Proceeds received from repayments and exits of the company’s investments totaled approximately $808 million, which included $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.
