Trinity Capital grows portfolio 39% to $2.5B, launches three new joint ventures

Filed May 6, 2026 · Period ending March 31, 2026 · Compared to 10-Q May 7, 2025 · ~2 min read

Key Changes

• high

  Portfolio fair value surged 38.6% year-over-year to $2.48 billion, with secured loans up 42.8% to $1.90 billion and equity/warrants doubling to $254 million across 180 companies (vs. 155 prior year).

  MD&A: Portfolio Growth verify on EDGAR →
• high

  Net investment income rose 37.3% to $44.5 million driven by higher investment income ($90.1M vs. $65.4M) and improved effective yield (15.8% vs. 15.3%), supporting monthly dividend capacity.

  MD&A: Financial Performance verify on EDGAR →
• high

  Launched three capital-light platforms: Direct Lending JV ($100M committed, $84.2M unfunded), CapTrin lower-middle-market JV ($50M committed, all unfunded), and SBA-licensed SBIC Fund ($45.3M total commitments), expanding fee-generating channels.

  MD&A: Joint Ventures verify on EDGAR →