Trinity Capital launches new vehicle in partnership with Eagle Point Credit

Trinity Capital has launched a new vehicle in partnership with Eagle Point Credit. Trinity’s wholly owned registered investment adviser will be an adviser to the new vehicle, thereby bolstering the company’s sources of capital for lending and generating non-capital intensive fee income. The vehicle is being capitalized with an equity commitment of $60M and has the ability to use leverage. It is intended for the vehicle to ultimately be converted into a private business development company. The vehicle is generally expected to invest ratably in opportunities originated by the Trinity platform.