Trinity Capital Inc

CIK 0001786108Trinity Capital

Trinity Capital Inc. is a non-traded business development company advised by Trinity Capital. With $2.5 billion in total assets, it is a mid-sized fund in the coverage universe. The portfolio is concentrated in direct lending, with 90% in first-lien senior secured loans and 74% in floating-rate debt by fair value, at a weighted-average spread of 509 bps over the base rate. Its largest sector exposure is Health Care (29% of holdings).

NAV/Share

$13.42

AUM

$2.5B

Positions

461

Strategy

Private Credit

Wtd. Avg. Coupon

10.7%

81% coverage

Wtd. Avg. Spread

5 bps

Wtd. Avg. Maturity

3.5 yrs

91% coverage

Top 10 Concentration

19.8%

PIK in Terms

7.5%

Instrument type

Share of portfolio fair value

First Lien

90%

of fair value

First Lien90.1%

Equity9.8%

Industry exposure

Share of holdings fair value

Top 5

89%

of holdings

Health Care28.5%

Financials16.8%

Information Technology12.2%

Communication Services3.8%

Real Estate2.9%

Utilities2.4%

Other2.3%

Industrials2.2%

Consumer Staples0.5%

Consumer Discretionary0.3%

Energy0.1%

Unknown28.0%

Unknown sector positions lack GICS classification in the source filing or could not be reconciled.

Maturity profile

Share of debt fair value by years to maturity.