v3.26.1
Investments - Summary of Company's Portfolio Investment by Industry at Cost and Fair Value and as Percentage of Total Portfolio (Details) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Schedule Of Investments [Line Items]    
Cost $ 2,468,380 [1],[2] $ 2,396,883 [3],[4]
Cost, Percentage 100.00% 100.00%
Fair Value $ 2,483,554 [1],[2],[5] $ 2,418,075 [3],[4],[6]
Fair Value, Percentage 100.00% 100.00%
Finance and Insurance    
Schedule Of Investments [Line Items]    
Cost $ 359,771 $ 348,136
Cost, Percentage 14.50% 14.60%
Fair Value $ 376,128 $ 365,076
Fair Value, Percentage 15.00% 15.10%
Medical Devices    
Schedule Of Investments [Line Items]    
Cost $ 306,349 $ 240,457
Cost, Percentage 12.40% 10.00%
Fair Value $ 305,471 $ 242,014
Fair Value, Percentage 12.30% 10.00%
SaaS    
Schedule Of Investments [Line Items]    
Cost $ 260,649 $ 222,706
Cost, Percentage 10.60% 9.30%
Fair Value $ 259,058 $ 222,659
Fair Value, Percentage 10.40% 9.20%
Other Healthcare Services    
Schedule Of Investments [Line Items]    
Cost $ 220,968 $ 218,862
Cost, Percentage 9.00% 9.10%
Fair Value $ 223,134 $ 221,332
Fair Value, Percentage 9.00% 9.20%
Space Technology    
Schedule Of Investments [Line Items]    
Cost $ 140,870 $ 123,244
Cost, Percentage 5.70% 5.10%
Fair Value $ 154,047 $ 135,903
Fair Value, Percentage 6.20% 5.60%
Energy & Resource Technology    
Schedule Of Investments [Line Items]    
Cost $ 133,545 $ 153,685
Cost, Percentage 5.40% 6.40%
Fair Value $ 151,048 $ 173,367
Fair Value, Percentage 6.10% 7.20%
Artificial Intelligence & Automation    
Schedule Of Investments [Line Items]    
Cost $ 140,369 $ 148,557
Cost, Percentage 5.70% 6.20%
Fair Value $ 140,794 $ 150,223
Fair Value, Percentage 5.70% 6.20%
Healthcare Technology    
Schedule Of Investments [Line Items]    
Cost $ 124,487 $ 137,083
Cost, Percentage 5.00% 5.70%
Fair Value $ 116,646 $ 127,390
Fair Value, Percentage 4.70% 5.30%
Biotechnology    
Schedule Of Investments [Line Items]    
Cost $ 115,112 $ 119,343
Cost, Percentage 4.70% 5.00%
Fair Value $ 116,340 $ 121,015
Fair Value, Percentage 4.70% 5.00%
Marketing, Media, and Entertainment    
Schedule Of Investments [Line Items]    
Cost $ 111,240 $ 99,642
Cost, Percentage 4.50% 4.20%
Fair Value $ 109,436 $ 98,515
Fair Value, Percentage 4.40% 4.10%
Real Estate Technology    
Schedule Of Investments [Line Items]    
Cost $ 123,085 $ 139,631
Cost, Percentage 5.00% 5.80%
Fair Value $ 107,142 $ 127,550
Fair Value, Percentage 4.30% 5.30%
Supply Chain Technology    
Schedule Of Investments [Line Items]    
Cost $ 99,707 $ 99,462
Cost, Percentage 4.00% 4.10%
Fair Value $ 95,149 $ 93,897
Fair Value, Percentage 3.80% 3.90%
Transportation Technology    
Schedule Of Investments [Line Items]    
Cost $ 89,882 $ 82,958
Cost, Percentage 3.60% 3.50%
Fair Value $ 85,024 $ 80,281
Fair Value, Percentage 3.40% 3.20%
Consumer Products & Services    
Schedule Of Investments [Line Items]    
Cost $ 58,194 $ 59,153
Cost, Percentage 2.40% 2.50%
Fair Value $ 69,031 $ 62,237
Fair Value, Percentage 2.80% 2.60%
Multi-Sector Holdings    
Schedule Of Investments [Line Items]    
Cost [7] $ 44,840 $ 43,890
Cost, Percentage [7] 1.80% 1.80%
Fair Value [7] $ 56,039 $ 54,602
Fair Value, Percentage [7] 2.30% 2.30%
Connectivity    
Schedule Of Investments [Line Items]    
Cost $ 59,345 $ 78,500
Cost, Percentage 2.40% 3.30%
Fair Value $ 53,452 $ 72,475
Fair Value, Percentage 2.20% 2.90%
Diagnostics & Tools    
Schedule Of Investments [Line Items]    
Cost $ 24,021 $ 14,156
Cost, Percentage 1.00% 0.60%
Fair Value $ 24,085 $ 14,309
Fair Value, Percentage 1.00% 0.60%
Education Technology    
Schedule Of Investments [Line Items]    
Cost $ 16,409 $ 26,152
Cost, Percentage 0.70% 1.10%
Fair Value $ 15,269 $ 19,991
Fair Value, Percentage 0.60% 0.80%
Food and Agriculture Technologies    
Schedule Of Investments [Line Items]    
Cost $ 4,667 $ 6,419
Cost, Percentage 0.20% 0.30%
Fair Value $ 13,315 $ 14,711
Fair Value, Percentage 0.50% 0.60%
Digital Assets Technology and Services    
Schedule Of Investments [Line Items]    
Cost $ 5,940 $ 5,917
Cost, Percentage 0.20% 0.20%
Fair Value $ 6,165 $ 5,917
Fair Value, Percentage 0.20% 0.20%
Human Resource Technology    
Schedule Of Investments [Line Items]    
Cost $ 17,220 $ 17,220
Cost, Percentage 0.70% 0.70%
Fair Value $ 4,401 $ 11,412
Fair Value, Percentage 0.20% 0.50%
Construction Technology    
Schedule Of Investments [Line Items]    
Cost $ 9,444 $ 9,444
Cost, Percentage 0.40% 0.40%
Fair Value $ 1,358 $ 1,947
Fair Value, Percentage 0.10% 0.10%
Industrials    
Schedule Of Investments [Line Items]    
Cost $ 2,266 $ 2,266
Cost, Percentage 0.10% 0.10%
Fair Value $ 1,022 $ 1,252
Fair Value, Percentage 0.10% 0.10%
[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 March 31, 2026, Trinity Capital Inc. (the “Company”) had eleven foreign domiciled portfolio companies, four of which are based in Canada and seven of which are based in Europe. As of March 31, 2026, these foreign domiciled portfolio investments represented 15.4% 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, 2025, Trinity Capital Inc. (the “Company”) had ten foreign domiciled portfolio companies, four of which are based in Canada and six of which are based in Europe. As of December 31, 2025, these foreign domiciled portfolio investments represented 15.2% 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 generally 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.