{
  "crd_number": 326133,
  "slug": "trinity-capital-adviser-llc-phoenix-az-326133",
  "primary_business_name": "TRINITY CAPITAL ADVISER LLC",
  "legal_name": "TRINITY CAPITAL ADVISER LLC",
  "dbas": [],
  "city": "Phoenix",
  "state": "AZ",
  "country": "United States",
  "cbsa_code": "38060",
  "metro": {
    "cbsa_code": "38060",
    "common_name": "Phoenix",
    "msa_name": "Phoenix-Mesa-Chandler, AZ",
    "path": "/advisors/az/phoenix"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2024-03-22",
  "years_registered": 2,
  "period": "2026-10-01",
  "filing_date": "2026-03-31",
  "carried_forward": false,
  "raum_total": 157598083.0,
  "raum_discretionary": 157598083.0,
  "raum_non_discretionary": 0.0,
  "raum_band": "100m_500m",
  "raum_band_label": "$100 million to $500 million",
  "total_employees": 106,
  "advisory_employees": 66,
  "client_count_bucket": null,
  "clients_by_type": {
    "pooled_investment_vehicles": {
      "raum": 30868325.0,
      "count": 1
    },
    "business_development_companies": {
      "raum": 126729758.0,
      "count": 1
    }
  },
  "compensation_types": [
    "percentage_of_aum",
    "performance_based"
  ],
  "advisory_activities": [
    "portfolio_management_investment_companies",
    "portfolio_management_pooled_vehicles"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "AZ",
    "CA"
  ],
  "websites": [
    "https://linkedin.com/company/trinity-capital-inc",
    "https://trinitycap.com",
    "https://x.com/trincapital"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/326133",
  "city_as_filed": "PHOENIX",
  "url": "https://advisorcensus.com/firm/trinity-capital-adviser-llc-phoenix-az-326133",
  "display_name": "Trinity Capital Adviser LLC",
  "summary": "Trinity Capital Adviser LLC is an SEC-registered investment advisory firm in Phoenix, AZ, registered since 2024, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated March 31, 2026.",
  "citation": "AdvisorCensus. Trinity Capital Adviser LLC (CRD 326133): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Performance-based fees"
  ],
  "advisory_activity_labels": [
    "Portfolio management for investment companies (and business development companies)",
    "Portfolio management for pooled investment vehicles (other than investment companies)"
  ],
  "quick_answers": [
    {
      "q": "How is Trinity Capital Adviser LLC compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Trinity Capital Adviser LLC reports these compensation arrangements: a percentage of assets under its management; performance-based fees."
    },
    {
      "q": "Where is Trinity Capital Adviser LLC located?",
      "a": "Trinity Capital Adviser LLC's principal office is in Phoenix, AZ, according to its Form ADV; the April 2026 filing also lists 1 other office (Schedule D, Section 1.F)."
    },
    {
      "q": "Is Trinity Capital Adviser LLC registered with the SEC or a state?",
      "a": "Trinity Capital Adviser LLC is an SEC-registered investment advisory firm, registered since 2024. Status as filed: Approved. CRD 326133."
    },
    {
      "q": "How much does Trinity Capital Adviser LLC manage?",
      "a": "Trinity Capital Adviser LLC reports $157,598,083 in regulatory assets under management in its Form ADV filing dated March 31, 2026 (100% discretionary)."
    },
    {
      "q": "How have Trinity Capital Adviser LLC's assets and staff changed since 2024?",
      "a": "In the Form ADV data for Trinity Capital Adviser LLC: Regulatory assets under management: $60,000,000 in the October 2024 data and $157,598,083 in the October 2026 data, up 163%. Total employees: 73 in October 2024 and 106 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Trinity Capital Adviser LLC serve?",
      "a": "By number of clients on Form ADV Item 5.D: business development companies (1); pooled investment vehicles (other than investment companies and business development companies) (1)."
    },
    {
      "q": "Does Trinity Capital Adviser LLC report any disciplinary disclosures?",
      "a": "Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/326133"
    },
    {
      "q": "What changed in Trinity Capital Adviser LLC's recent Form ADV filings?",
      "a": "In the April 2026 filing data: Employees performing advisory functions went from 61 to 66. Regulatory assets under management went from $75,193,587 to $157,598,083 (+110%). Added an office in San Diego, CA. No longer lists an office in Solana Beach, CA."
    }
  ],
  "filing_history": [
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 60000000.0,
      "total_employees": 73,
      "filing_date": "2024-07-19"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 75193587.0,
      "total_employees": 89,
      "filing_date": "2025-03-28"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 157598083.0,
      "total_employees": 106,
      "filing_date": "2026-03-31"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Employees performing advisory functions went from 61 to 66.",
        "Regulatory assets under management went from $75,193,587 to $157,598,083 (+110%).",
        "Added an office in San Diego, CA.",
        "No longer lists an office in Solana Beach, CA."
      ]
    }
  ],
  "fees_from_brochure": null,
  "custodians": [],
  "custodians_note": null,
  "markdown_url": "https://advisorcensus.com/firm/trinity-capital-adviser-llc-phoenix-az-326133.md",
  "clients": [
    {
      "type": "business_development_companies",
      "label": "Business development companies",
      "count": 1,
      "fewer_than_5": false,
      "raum": 126729758.0
    },
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 1,
      "fewer_than_5": false,
      "raum": 30868325.0
    }
  ],
  "disclosure_line": "Reports no disclosure items on Form ADV Item 11.",
  "disclosure_items": [],
  "indexable": true,
  "suppressed": false,
  "claimed": false,
  "enhanced": false,
  "provided_by_the_firm": null,
  "source": {
    "name": "Form ADV",
    "as_of": "2026-10-01",
    "iapd_url": "https://adviserinfo.sec.gov/firm/summary/326133",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}