Leading venture debt provider Trinity Capital Investment launched a third fund, Trinity Capital Investment Fund III, which is expected to provide an estimated $600 million of additional capital for deployment into venture capital-backed companies over the next few years.

Trinity’s second Small Business Investment Company (SBIC) license, Fund III is one of approximately 300 SBIC’s in the U.S. licensed by the Small Business Administration (SBA) to provide growth capital to U.S. small businesses and receive long-term, fixed interest rate debt capital through the issuance of SBA-guaranteed debentures to complement equity invested by the fund’s limited partners.

“This new fund provides a long-term and stable source of capital for our team, allowing us to continue investing in the country’s most promising entrepreneurial companies,” said Steve Brown, founding partner at Trinity Capital Investment. “On behalf of Trinity, I am profoundly grateful to the SBA, our limited partners and all of our industry stakeholders and partners who have contributed to our growth and success in the marketplace.”

In conjunction with this new fund, Trinity appointed business development executive Kelli Fontaine as a director of the company.

“I am pleased to welcome Kelli to the Trinity team and announce our first California-based hire,” Brown said. “Her depth of industry knowledge and strategic vision, combined with her extensive network in the Bay Area, will make Kelli a great addition to the Trinity team and facilitate our growth in the nation’s leading region for venture capital and venture debt.”

Trinity has funded nearly $100 million of debt capital per year the past few years and expects to nearly double investment activities beginning in 2017. The company provides senior and subordinated venture loans of $2 million to $15 million, as well as equipment lease financing solutions to venture capital-backed companies.