v3.25.2
Investments - Summary of Company's Portfolio Investment by Industry at Cost and Fair Value and as Percentage of Total Portfolio (Details) - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Schedule Of Investments [Line Items]    
Cost $ 2,000,938 [1],[2] $ 1,760,226 [3],[4]
Cost, Percentage 100.00% 100.00%
Fair Value $ 1,978,330 [1],[2],[5] $ 1,725,570 [3],[4],[6]
Fair Value, Percentage 100.00% 100.00%
Finance and Insurance    
Schedule Of Investments [Line Items]    
Cost $ 302,840 $ 319,278
Cost, Percentage 15.00% 18.10%
Fair Value $ 307,007 $ 322,735
Fair Value, Percentage 15.60% 18.70%
Other Healthcare Services    
Schedule Of Investments [Line Items]    
Cost $ 217,882 $ 142,430
Cost, Percentage 10.90% 8.10%
Fair Value $ 219,376 $ 143,186
Fair Value, Percentage 11.10% 8.30%
Medical Devices    
Schedule Of Investments [Line Items]    
Cost $ 210,194 $ 170,923
Cost, Percentage 10.50% 9.70%
Fair Value $ 212,582 $ 172,395
Fair Value, Percentage 10.70% 10.00%
SaaS    
Schedule Of Investments [Line Items]    
Cost $ 193,961 $ 144,896
Cost, Percentage 9.70% 8.20%
Fair Value $ 197,922 $ 146,778
Fair Value, Percentage 10.00% 8.50%
Space Technology    
Schedule Of Investments [Line Items]    
Cost $ 170,470 $ 141,163
Cost, Percentage 8.50% 8.00%
Fair Value $ 170,336 $ 142,034
Fair Value, Percentage 8.60% 8.20%
Real Estate Technology    
Schedule Of Investments [Line Items]    
Cost $ 142,288 $ 101,825
Cost, Percentage 7.10% 5.80%
Fair Value $ 130,180 $ 93,587
Fair Value, Percentage 6.60% 5.40%
Green Technology    
Schedule Of Investments [Line Items]    
Cost $ 108,940 $ 146,851
Cost, Percentage 5.40% 8.30%
Fair Value $ 129,048 $ 158,852
Fair Value, Percentage 6.50% 9.20%
Artificial Intelligence & Automation    
Schedule Of Investments [Line Items]    
Cost $ 100,077 $ 83,505
Cost, Percentage 5.00% 4.70%
Fair Value $ 100,799 $ 84,448
Fair Value, Percentage 5.10% 4.90%
Healthcare Technology    
Schedule Of Investments [Line Items]    
Cost $ 91,790 $ 78,381
Cost, Percentage 4.60% 4.50%
Fair Value $ 82,057 $ 71,853
Fair Value, Percentage 4.10% 4.20%
Marketing, Media, and Entertainment    
Schedule Of Investments [Line Items]    
Cost $ 75,248 $ 38,749
Cost, Percentage 3.80% 2.20%
Fair Value $ 74,992 $ 38,479
Fair Value, Percentage 3.80% 2.20%
Biotechnology    
Schedule Of Investments [Line Items]    
Cost $ 57,238 $ 56,547
Cost, Percentage 2.90% 3.20%
Fair Value $ 58,474 $ 57,836
Fair Value, Percentage 3.00% 3.40%
Connectivity    
Schedule Of Investments [Line Items]    
Cost $ 58,376 $ 36,099
Cost, Percentage 2.90% 2.10%
Fair Value $ 56,671 $ 35,249
Fair Value, Percentage 2.90% 2.00%
Transportation Technology    
Schedule Of Investments [Line Items]    
Cost $ 74,154 $ 62,735
Cost, Percentage 3.70% 3.60%
Fair Value $ 51,760 $ 41,547
Fair Value, Percentage 2.60% 2.40%
Consumer Products & Services    
Schedule Of Investments [Line Items]    
Cost $ 38,579 $ 56,210
Cost, Percentage 1.90% 3.20%
Fair Value $ 39,556 $ 54,607
Fair Value, Percentage 2.00% 3.20%
Multi-Sector Holdings    
Schedule Of Investments [Line Items]    
Cost [7] $ 28,193 $ 27,623
Cost, Percentage [7] 1.40% 1.60%
Fair Value [7] $ 37,791 $ 33,137
Fair Value, Percentage [7] 1.90% 1.90%
Education Technology    
Schedule Of Investments [Line Items]    
Cost $ 33,387 $ 33,275
Cost, Percentage 1.70% 1.90%
Fair Value $ 28,346 $ 29,740
Fair Value, Percentage 1.40% 1.70%
Supply Chain Technology    
Schedule Of Investments [Line Items]    
Cost $ 30,182 $ 29,765
Cost, Percentage 1.50% 1.70%
Fair Value $ 27,839 $ 28,535
Fair Value, Percentage 1.40% 1.70%
Human Resource Technology    
Schedule Of Investments [Line Items]    
Cost $ 35,126 $ 33,421
Cost, Percentage 1.80% 1.90%
Fair Value $ 27,729 $ 28,891
Fair Value, Percentage 1.40% 1.70%
Food and Agriculture Technologies    
Schedule Of Investments [Line Items]    
Cost $ 19,448 $ 31,824
Cost, Percentage 1.00% 1.80%
Fair Value $ 18,705 $ 24,469
Fair Value, Percentage 0.90% 1.40%
Construction Technology    
Schedule Of Investments [Line Items]    
Cost $ 9,443 $ 9,443
Cost, Percentage 0.50% 0.50%
Fair Value $ 3,898 $ 4,042
Fair Value, Percentage 0.20% 0.20%
Industrials    
Schedule Of Investments [Line Items]    
Cost $ 3,122 $ 11,772
Cost, Percentage 0.20% 0.70%
Fair Value $ 3,262 $ 9,677
Fair Value, Percentage 0.20% 0.60%
Digital Assets Technology and Services    
Schedule Of Investments [Line Items]    
Cost $ 0 $ 3,511
Cost, Percentage 0.00% 0.20%
Fair Value $ 0 $ 3,493
Fair Value, Percentage 0.00% 0.20%
[1] All debt investments are income producing unless otherwise noted. All equity and warrant investments are non-income producing unless otherwise noted. Equipment financed under our equipment financing investments relates to operational equipment essential to revenue production for the portfolio company in the industry noted.
[2] All portfolio companies are located in North America or Europe. As of June 30, 2025, Trinity Capital Inc. (the "Company") had eight foreign domiciled portfolio companies, four of which are based in Canada and four of which are based in Europe. In total, these foreign domiciled portfolio investments represent 13.8% of total net asset value based on fair value. The Company generally acquires its investments in private transactions exempt from registration under the Securities Act of 1933, as amended (the “Securities Act”). These investments are generally subject to certain limitations on resale and may be deemed to be “restricted securities” under the Securities Act.
[3] All debt investments are income producing unless otherwise noted. All equity and warrant investments are non-income producing unless otherwise noted. Equipment financed under our equipment financing investments relates to operational equipment essential to revenue production for the portfolio company in the industry noted.
[4] All portfolio companies are located in North America or Europe. As of December 31, 2024, Trinity Capital Inc. (the “Company”) had five foreign domiciled portfolio companies, two of which are based in Canada and three of which are based in Europe. In total, these foreign domiciled portfolio investments represent 6.3% of total net asset value based on fair value. The Company generally acquires its investments in private transactions exempt from registration under the Securities Act of 1933, as amended (the “Securities Act”). These investments are generally subject to certain limitations on resale and may be deemed to be “restricted securities” under the Securities Act.
[5] Except as noted, all investments were valued at fair value as determined in good faith by the Company’s Board of Directors (the “Board”) using Level 3 inputs.
[6] Except as noted, all investments were valued at fair value as determined in good faith by the Company’s Board of Directors (the “Board”) using Level 3 inputs.
[7] Multi-Sector Holdings consist of the Company's investments in Senior Credit Corp 2022 LLC, Trinity Capital Adviser LLC, EPT 16 LLC and AZ-VC Fund I, LLC. These entities invest or manage investments in secured loans and equipment financings to growth-oriented companies that have been originated by the Company. The portfolio companies held by the Multi-Sector Holdings represent a diverse set of industry classifications, which are similar to those in which the Company invests directly.