v3.25.2
Investments - Schedule of Portfolio Investments by Investment Type 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%
Secured Loans    
Schedule Of Investments [Line Items]    
Cost $ 1,528,241 $ 1,322,999
Cost, Percentage 76.40% 75.10%
Fair Value $ 1,491,803 $ 1,286,668
Fair Value, Percentage 75.40% 74.50%
Equipment Financings    
Schedule Of Investments [Line Items]    
Cost $ 346,823 $ 317,962
Cost, Percentage 17.30% 18.10%
Fair Value $ 342,620 $ 315,463
Fair Value, Percentage 17.30% 18.30%
Equity    
Schedule Of Investments [Line Items]    
Cost $ 80,022 [1],[2] $ 78,585 [3],[4]
Cost, Percentage 4.00% 4.50%
Fair Value $ 80,247 [1],[2],[5] $ 71,985 [3],[4],[6]
Fair Value, Percentage 4.10% 4.20%
Warrants    
Schedule Of Investments [Line Items]    
Cost $ 45,852 $ 40,680
Cost, Percentage 2.30% 2.30%
Fair Value $ 63,660 $ 51,454
Fair Value, Percentage 3.20% 3.00%
[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.