v3.25.2
Investments - Schedule of Composition of Portfolio Investments by Geographic Region (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%
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%
Multi Sector Holdings    
Schedule Of Investments [Line Items]    
Cost [8] $ 27,623 $ 27,623
Cost, Percentage [8] 1.40% 1.60%
Fair Value [8] $ 37,221 $ 33,137
Fair Value, Percentage [8] 1.90% 1.90%
West    
Schedule Of Investments [Line Items]    
Cost $ 566,022 $ 543,501
Cost, Percentage 28.20% 30.70%
Fair Value $ 577,765 $ 543,102
Fair Value, Percentage 29.00% 31.50%
Northeast    
Schedule Of Investments [Line Items]    
Cost $ 485,907 $ 494,131
Cost, Percentage 24.30% 28.10%
Fair Value $ 476,378 $ 475,944
Fair Value, Percentage 24.10% 27.60%
South    
Schedule Of Investments [Line Items]    
Cost $ 205,142 $ 162,180
Cost, Percentage 10.30% 9.20%
Fair Value $ 203,877 $ 164,654
Fair Value, Percentage 10.30% 9.50%
Southeast    
Schedule Of Investments [Line Items]    
Cost $ 209,915 $ 184,636
Cost, Percentage 10.50% 10.50%
Fair Value $ 200,318 $ 180,002
Fair Value, Percentage 10.10% 10.40%
Mountain    
Schedule Of Investments [Line Items]    
Cost $ 198,131 $ 191,244
Cost, Percentage 9.90% 10.90%
Fair Value $ 182,034 $ 180,644
Fair Value, Percentage 9.20% 10.50%
Midwest    
Schedule Of Investments [Line Items]    
Cost $ 181,279 $ 104,074
Cost, Percentage 9.10% 5.90%
Fair Value $ 173,461 $ 96,193
Fair Value, Percentage 8.80% 5.60%
Western Europe    
Schedule Of Investments [Line Items]    
Cost $ 67,456 $ 41,366
Cost, Percentage 3.30% 2.40%
Fair Value $ 68,539 $ 41,455
Fair Value, Percentage 3.60% 2.40%
Canada    
Schedule Of Investments [Line Items]    
Cost $ 59,463 $ 11,471
Cost, Percentage 3.00% 0.70%
Fair Value $ 58,737 $ 10,439
Fair Value, Percentage 3.00% 0.60%
[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.
[8] Multi-Sector Holdings consist of the Company's investments in Senior Credit Corp 2022 LLC, Trinity Capital Adviser LLC and EPT 16 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 geographical classifications, which are similar to those in which the Company invests directly.