Appoints Igor
DaCruz as Managing Director and Opens San Diego Office
PHOENIX, June 26,
2023 /PRNewswire/ -- Trinity Capital Inc. (NASDAQ:
TRIN) ("Trinity" or the
"Company"), a leading provider of diversified financial solutions
to growth-stage companies, today announced the continued expansion
of its life sciences team with the appointment of Igor DaCruz as Managing Director, Life Sciences,
and the opening of a new office in the San Diego area.
"This expansion is part of Trinity's strategic vision to become a
comprehensive solutions provider offering a wide range of financial
products and services to growth-stage companies, and we believe
that the life sciences industry holds immense potential for
growth," said Kyle Brown, President
and Chief Investment Officer of Trinity. "We're excited to have Igor join our
growing team in San Diego as we
aim to be the trusted financial partner for these companies seeking
to make a lasting impact."
Mr. DaCruz brings to Trinity
over 12 years of experience in the life sciences industry, having
established himself as a trusted investment professional with
previous experience at Runway Growth Capital and Silicon Valley
Bank.
"I am excited to join the team and help build out Trinity's life sciences business," said Mr.
DaCruz. "Trinity has a
best-in-class lending platform, and I look forward to leveraging my
network and skillset to continue driving the company's momentum in
being a resource to the life sciences ecosystem."
In early 2022, Trinity
appointed Rob Lake, a seasoned
professional with over two decades of experience, as Senior
Managing Director to spearhead its growth efforts in the life
sciences sector. Since then, the proportion of the Company's assets
under management dedicated to life sciences investments has grown
considerably. Trinity's new
San Diego office location is
designed to support the Company's continued expansion in the
sector. San Diego has long been
recognized as a center for disruptive research and innovation, with
prominent institutions like University of
California San Diego. This strategic presence places
Trinity in the heart of a major
life sciences hub.
"The life sciences market presents tremendous opportunities, and
we are committed to providing the necessary financial support to
enable groundbreaking discoveries and advancements," said
Rob Lake, Senior Managing Director
of Trinity. "With a deep
understanding of the unique financial needs of these companies, the
Trinity team is well-positioned to
provide tailored solutions that support their journeys."
About Trinity Capital Inc.
Trinity Capital Inc. (Nasdaq: TRIN), an internally managed
business development company, is a leading provider of diversified
financial solutions to growth-stage companies with institutional
equity investors. Trinity Capital's investment objective
is to generate current income and, to a lesser extent, capital
appreciation through investments, including term loans and
equipment financings and equity-related investments. Trinity
Capital believes it is one of only a select group of specialty
lenders that has the depth of knowledge, experience and track
record in lending to growth stage companies. For more information,
please visit the Company's website at www.trinitycap.com.
Forward-Looking Statements
Statements included herein may constitute "forward-looking
statements" within the meaning of the Private Securities Litigation
Reform Act of 1995. Statements other than statements of historical
facts included in this press release may constitute forward-looking
statements and are not guarantees of future performance, condition
or results and involve a number of risks and uncertainties. Actual
results may differ materially from those in the forward-looking
statements as a result of a number of factors, including those
described from time to time in the Company's filings with the
Securities and Exchange Commission. Trinity undertakes no duty to update any
forward-looking statement made herein. All forward-looking
statements speak only as of the date of this press release.
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SOURCE Trinity Capital Inc.