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Trinity Capital Partners with Eagle Point Credit on New Financing Vehicle

Author

Slice of Finance Team
25 Jul

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)

Notable Quotes:

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"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
❝

"We are thrilled to expand on our partnership with such a strong growth-stage lender."

Thomas P. Majewski, Founder and Managing Partner at Eagle Point Credit Management LLC

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.