Trinity Capital announces joint venture

Trinity Capital entered into an agreement to co-manage a newly formed joint venture, i40, with certain funds and accounts managed by a specialist credit manager with over $5B of AUM. The JV will invest in loans and equipment financings to growth-stage companies that have been originated by Trinity. The initial capital commitment to the JV is $171.4M, consisting of a $21.4M commitment from Trinity and a $150.0M commitment from certain funds and accounts managed by the specialist credit manager. The JV intends to enter into a credit facility to leverage its assets in order to enhance returns and create additional deployment capacity.