Trinity Capital Inc

TRIN, TRINI, TRINL, TRINZCIK 0001786108Trinity Capital

Trinity Capital Inc. (TRIN, TRINI, TRINL, TRINZ) 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 100% in first-lien senior secured loans and 82% floating-rate, at a weighted-average spread of 509 bps over the base rate. Its largest sector exposure is Health Care (19% 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%

Instrument type

Share of portfolio fair value

First Lien

90%

of fair value

First Lien Senior Loans90.1%

Equity9.8%

Industry exposure

Share of holdings fair value

Top 5

93%

of holdings

Health Care19.0%

Financials11.0%

Information Technology6.8%

Communication Services3.8%

Other2.3%

Real Estate2.3%

Industrials1.9%

Consumer Staples0.5%

Unknown52.4%

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.

Risk & Credit Indicators

PIK in Terms

7.5%