Triangle Capital Corporation

Triangle Capital Corporation is a private equity firm that invests in established lower middle-market companies across the United States. The firm offers a variety of debt and equity investment structures, including first lien, unitranche, second lien, and mezzanine financing with equity components. Their investment objective is to generate current income from debt investments and capital appreciation from equity-related investments. Triangle typically invests between $5 million and $50 million per transaction in companies with annual revenues ranging from $20 million to $300 million and EBITDA between $5 million and $75 million.

The firm's investment philosophy centers on partnering with business owners, management teams, and financial sponsors to provide flexible financing solutions for growth, changes of control, and other corporate events. Triangle Capital Corporation has been active in the private equity space, focusing on sectors such as manufacturing, distribution, transportation, energy, communications, health services, and restaurants.

In April 2018, Triangle Capital Corporation announced the sale of its investment portfolio and a simultaneous externalization transaction, marking a significant development in the firm's strategic direction. This move reflects the firm's commitment to adapting its investment approach to meet evolving market conditions and opportunities.