# Trinity Capital Adviser LLC

> 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.

- CRD: 326133
- Filed as: TRINITY CAPITAL ADVISER LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Phoenix, AZ
- Filing period: October 2026
- Form ADV filing dated: March 31, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/326133
- AdvisorCensus page: https://advisorcensus.com/firm/trinity-capital-adviser-llc-phoenix-az-326133

## Quick answers

**How is Trinity Capital Adviser LLC compensated?**
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. The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is Trinity Capital Adviser LLC located?**
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).

**Is Trinity Capital Adviser LLC registered with the SEC or a state?**
Trinity Capital Adviser LLC is an SEC-registered investment advisory firm, registered since 2024. Status as filed: Approved. CRD 326133.

**How much does Trinity Capital Adviser LLC manage?**
Trinity Capital Adviser LLC reports $157,598,083 in regulatory assets under management in its Form ADV filing dated March 31, 2026 (100% discretionary).

**How have Trinity Capital Adviser LLC's assets and staff changed since 2024?**
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.

**What types of clients does Trinity Capital Adviser LLC serve?**
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).

**Does Trinity Capital Adviser LLC report any disciplinary disclosures?**
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

**What changed in Trinity Capital Adviser LLC's recent Form ADV filings?**
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.

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Performance-based fees

### Regulatory assets under management (Item 5.F)
- Total: $157,598,083
- Discretionary: $157,598,083
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Business development companies | 1 | $126,729,758 |
| Pooled investment vehicles (other than investment companies and business development companies) | 1 | $30,868,325 |

### Advisory services (Item 5.G)
- Portfolio management for investment companies (and business development companies)
- Portfolio management for pooled investment vehicles (other than investment companies)

### Firm details
- Registered since: 2024 (2 years)
- Employees: 106 total, 66 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: AZ, CA
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the April 2026 filing
- San Diego, CA

### Websites listed on Form ADV (Item 1.I)
- trinitycap.com
- LinkedIn @trinity-capital-inc
- X @trincapital

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2024 | $60,000,000 | 73 | July 19, 2024 |
| October 2025 | $75,193,587 | 89 | March 28, 2025 |
| October 2026 | $157,598,083 | 106 | March 31, 2026 |

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.

## Changes in the filing (last 12 months)

### April 2026
- 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.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Trinity Capital Adviser LLC (CRD 326133): Form ADV filing data as of October 2026.