Trinity Capital Partners with Eagle Point Credit on New Financing Vehicle
Slice of Finance Team
07/25/2024
Key Highlights:
- Trinity Capital launches a new vehicle in partnership with Eagle Point Credit.
- The vehicle has an equity commitment of $60 million and can use leverage.
- Expected to convert into a private business development company (BDC).
- Kyle Brown, CEO of Trinity, highlights the vehicle's role in increasing fee income and shareholder value.
- Thomas P. Majewski, Managing Partner at Eagle Point Credit, praises Trinity's track record and growth-stage lending expertise.
Source (PR Newswire)
Quotes
“ "This new vehicle gives Trinity another source of capital to provide financing solutions to growth-stage companies, while driving fee income to Trinity and increasing value to our shareholders." ”
Kyle Brown, Chief Executive Officer at Trinity Capital Inc
Our Take:
Trinity Capital's strategic partnership with Eagle Point Credit represents a significant move to enhance its capital structure and investment capabilities. The $60 million equity commitment and potential conversion into a private BDC illustrate a robust plan to leverage existing strengths and expand market presence. By integrating this new vehicle into its diversified financial solutions, Trinity Capital not only solidifies its position as a leader in growth-stage financing but also opens new avenues for fee income and shareholder value. This development marks a promising step forward in Trinity's long-term growth strategy.
