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Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Interest and dividend income:      
Total interest and dividend income $ 226,729 $ 174,840 $ 138,836
Fee and other income:      
Total fee and other income 10,962 7,015 6,664
Total investment income 237,691 181,855 145,500
EXPENSES:      
Interest expense and other debt financing costs 61,948 44,296 34,148
Compensation and benefits 43,517 33,093 27,189
Professional fees 5,318 5,407 4,113
General and administrative 8,858 6,598 6,075
Total gross expenses 119,641 89,394 71,525
Allocated expenses to Trinity Capital Adviser, LLC (473)    
Total net expenses 119,168 89,394 71,525
NET INVESTMENT INCOME/(LOSS) BEFORE TAXES 118,523 92,461 73,975
Excise tax expense 2,678 2,560 2,389
NET INVESTMENT INCOME 115,845 89,901 71,586
NET REALIZED GAIN/(LOSS) FROM INVESTMENTS:      
Net realized gain/(loss) from investments (9,730) (28,071) 32,853
NET CHANGE IN UNREALIZED APPRECIATION/(DEPRECIATION) FROM INVESTMENTS:      
Net change in unrealized appreciation/(depreciation) from investments 9,481 15,063 (134,814)
NET INCREASE/(DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS $ 115,596 $ 76,893 $ (30,375)
NET INVESTMENT INCOME PER SHARE - BASIC $ 2.2 $ 2.31 $ 2.26
NET INVESTMENT INCOME PER SHARE - DILUTED 2.11 2.19 2.14
NET CHANGE IN NET ASSETS RESULTING FROM OPERATIONS PER SHARE - BASIC 2.19 1.98 (0.96)
NET CHANGE IN NET ASSETS RESULTING FROM OPERATIONS PER SHARE - DILUTED [1] $ 2.1 $ 1.89 $ (0.96)
WEIGHTED AVERAGE SHARES OUTSTANDING - BASIC 52,705,732 38,910,150 31,672,089
WEIGHTED AVERAGE SHARES OUTSTANDING - DILUTED 56,728,848 42,705,875 35,189,709
Control Investments      
Interest and dividend income:      
Total interest and dividend income $ 8,764 $ 4,179 $ 5,418
NET REALIZED GAIN/(LOSS) FROM INVESTMENTS:      
Net realized gain/(loss) from investments (4,226)   (4,210)
NET CHANGE IN UNREALIZED APPRECIATION/(DEPRECIATION) FROM INVESTMENTS:      
Net change in unrealized appreciation/(depreciation) from investments 18,997 (4,884) 719
Affiliate Investments      
Interest and dividend income:      
Total interest and dividend income 2,903 1,025 862
Fee and other income:      
Total fee and other income 3,196 2,158  
NET REALIZED GAIN/(LOSS) FROM INVESTMENTS:      
Net realized gain/(loss) from investments   (26,251) (10,241)
NET CHANGE IN UNREALIZED APPRECIATION/(DEPRECIATION) FROM INVESTMENTS:      
Net change in unrealized appreciation/(depreciation) from investments 89 27,380 (17,635)
Non-Control / Non-Affiliate Investments      
Interest and dividend income:      
Total interest and dividend income 215,062 169,636 132,556
Fee and other income:      
Total fee and other income 7,766 4,857 6,664
NET REALIZED GAIN/(LOSS) FROM INVESTMENTS:      
Net realized gain/(loss) from investments (5,504) (1,820) 47,304
NET CHANGE IN UNREALIZED APPRECIATION/(DEPRECIATION) FROM INVESTMENTS:      
Net change in unrealized appreciation/(depreciation) from investments $ (9,605) $ (7,433) $ (117,898)
[1] For the year ended December 31, 2022, the impact of the hypothetical conversion of Convertible Notes was antidilutive (see Note 9).