Alpha in Action: Investing Ahead of the Curve with Trinity

LFI Levered Lines Podcast | Season 3, Episode 5

This week on Levered Lines, host Krista Giovacco speaks with Kyle Brown, CEO of Trinity Capital, about the outlook for private credit in 2026. They discuss Trinity’s internally managed BDC model, record investment activity, and why lower middle‑market lending continues to generate attractive returns. The conversation covers underwriting discipline, loss mitigation, liquidity concerns in private credit, and valuation transparency, as well as key growth themes including AI, robotics, reshoring‑driven CapEx, data centers, and energy.

Watch on YouTube:

Speakers:

Krista Giovacco, Senior Reporter, LevFin Insights:  
Krisa covers direct lending, fundraising, business development companies and secondaries opportunities within the asset class.  

Kyle Brown, Chief Executive Officer, Trinity Capital:  
Kyle is responsible for directing the company’s lending policies, investment strategy and strategic vision. 

Timestamps:

00:00 – Introduction
01:02 – Trinity Capital’s Unique BDC Structure
03:17 – Record Growth & Market Opportunity
06:56 – Track Record & Early Warning Signs
09:16 – Underwriting & Downside Protection
13:12 – Redemptions, Valuations & Platform Scale
18:00 – Key Industry Trends for 2026
20:52 – Conclusion & Key Takeaways