Trinity Capital Inc. (NASDAQ: TRIN) shares were virtually unchanged Thursday a leading provider of diversified financial solutions to growth-stage companies, today announced certain highlights for the first half and second quarter of 2024. Trinity funded a record $474 million of investments in the first half of 2024 and originated $289 million of total new commitments in the second quarter, bringing total new commitments for the
first half ended June 30, 2024, to $576 million.
“Trinity is executing across all of our strategies to deliver strong growth in 2024," said CEO Kyle Brown. "Our five distinct business verticals — tech lending, equipment financing, life sciences, warehouse financing, and sponsor finance — have generated extraordinary momentum and we have expanded our operational footprint into Europe. We are seeing an increasing number of exceptional investment opportunities, and our team will continue to be highly selective with our investments."
The Company originated approximately $576 million of total new commitments in the first half, which was comprised of $387 million in secured loans, $182 million in equipment financings and $7 million in equity investments.
The Company funded $349 million to 18 new portfolio companies, $111 million to 23 existing portfolio companies and $14 million of investments to off-balance-sheet vehicles.
TRIN shares inched up six cents to $14.16.
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