Trinity Capital announced a portfolio update for the fourth quarter and full year of 2025. Trinity Capital funded $435 million of total investments in the fourth quarter, bringing fundings for 2025 to a record $1.5 billion. In addition, the Company originated $543 million of new commitments during the quarter, resulting in a record $2.1 billion of new commitments for the full year.

Fourth quarter 2025 investment highlights:

• Investments funded totaled approximately $435 million, which was comprised of $305 million in secured loans, $106 million in equipment financings and $24 million in warrant and equity investments.

• The Company originated approximately $543 million of new commitments, which was comprised of $329 million in secured loans, $190 million in equipment financings and $24 million in equity investments.

• The Company funded approximately $171 million to 5 new portfolio companies and $264 million to 25 existing portfolio companies.

• Proceeds received from repayments and exits of the Company's investments totaled approximately $218 million, which included $94 million from early debt repayments, $66 million from scheduled/amortizing debt payments, $47 million from investments sold to multi-sector holdings and $11 million from warrant and equity exits.

Aggregate investment highlights for the full year of 2025:

• Investments funded total approximately $1.5 billion, which was comprised of $1.1 billion in secured loans, $303 million in equipment financings and $59 million in warrant and equity investments.

• The Company originated approximately $2.1 billion of total new commitments, which was comprised of $1.6 billion in secured loans, $429 million in equipment financings and $60 million in equity investments.

• The Company funded approximately $968 million to 43 new portfolio companies, $500 million to 34 existing portfolio companies and $23 million to multi-sector holdings.

• Proceeds received from repayments and exits of the Company's investments totaled approximately $826 million, which included $318 million from early debt repayments, $259 million from scheduled/amortizing debt payments, $237 million from investments sold to multi-sector holdings and $12 million from warrant and equity exits.