2023 Year In Review


Another year of backing exceptional leaders

2023 Committed Capital

With $831 million in annual debt and equity commitments and $642 million in annual fundings, we are focused on funding growth stories.

16+ Years

A long history of investing in visionaries

$1.3 Billion

Assets Under management*

*As of September 30, 2023

We are proud of the companies we’ve partnered with and are excited to support more world-changing technologies into the future.

Strong Shareholder Returns

12 Consecutive Quarters of increase in Dividends

Diversification across asset size, product type, industry and geography



Return on Average Equity*

*As of September 30, 2023, Annualaized


Increase in NAV (annual)*

Solid Dividend Growth


Annualized Dividend Yield*

*As of December 31, 2023


Regular dividend declared in 4Q23

Represents a 2% increase over the 
prior quarter

Select Portfolio News

This year has been a remarkable one for our portfolio companies, as they continue to break new ground and achieve significant milestones. Here are a few select highlights.

Axiom Space, Prada Join Forces on Tech, Design for NASA’s Next-Gen Lunar Spacesuits

In the first groundbreaking partnership between an Italian luxury fashion house and a commercial space company, Axiom Space, industry leader and architect of the world’s first commercial space station, announces a collaboration with Prada on NASA's lunar spacesuits for the Artemis III mission.

$452M canned drink factories coming to Fort Worth sites from DrinkPak

California-based DrinkPak LLC is moving ahead with North Texas expansion, a project that could bring 1,000 jobs and a $452 million investment to Fort Worth. The expansion represents a significant win for the city, which continues to make strides in attracting manufacturing.

Revelle Aesthetics Receives First International Clearance in Australia for its Avéli® Cellulite Device

Revelle Aesthetics, a VC-backed Silicon Valley FemTech company, today announced that Avéli®, its US FDA-cleared device for long-term reduction in the appearance of cellulite, has received its first international clearance in Australia, one of the largest market opportunities for cellulite outside of the U.S.

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Trinity HQ Expansion

The investment HUB of Phoenix

Trinity San Diego

The investment HUB for life sciences in Solana Beach

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Trinity HQ Expansion

The investment HUB of Phoenix

Trinity San Diego

The investment HUB for life sciences in Solana Beach

Awards & Recognition

2023 | Inc.’s Founder

This recognition continues to affirm our commitment to the incredible founders and innovators in our ecosystem.

2023 | ABF Innovative Company

Our team continues to evolve and innovate to address the capital needs of both prospective and current portfolio companies.

2023 | Arizona’s top companies to work for

Trinity Capital proudly secures its place as one of Arizona’s Top Companies to Work for in 2023 for the second consecutive year, a testament to our amazing work culture.