
Triangle Capital Corporation
3700 Glenwood Avenue, Suite 530, Raleigh, North Carolina, 27612, United States
Overview
Triangle Capital Corporation (Public, NASDAQ:TCAP) is a US-based specialty finance company. Triangle Capital Corporation (Triangle) is a specialty finance company that provides customized financing solutions to lower middle market companies located throughout the United States, with annual revenues between $10 and $100 million. Triangle generates income from its debt investments and capital appreciation from its equity related investments. The Company partners with business owners, management teams and financial sponsors to provide financing solutions to fund corporate events. Triangle invests primarily in senior and subordinated debt securities secured by first and second-lien security interests in portfolio company assets, coupled with equity interests. The Company wholly owns Triangle Mezzanine Fund LLLP (the Fund) and Triangle Mezzanine LLC (TML), the general partner of the Fund. The Company's investments generally range from $5 to $15 million per portfolio company.
- Total investments
- 8
- Lead investments
- 4
- Investments · 12mo
- 0
- Active investors
- 8
Sector focus
- Financial Services
Investment portfolio
- Huspy
Participated · Series B · Jul 2025
Huspy provides end-to-end digital tools that connect buyers, freelance agents, and banks to streamline property search, CRM, transaction support, and mortgage pre-approvals. It operates a network-based model (rather than owning inventory) where freelance agents access leads from marketplaces like Property Finder and Idealista while Huspy supplies CRM, transaction support, and integrated mortgage products through banking partnerships. The company says it captured 30% of the UAE mortgage market (25% in Dubai), has helped over 25,000 people buy homes, and facilitates over $7 billion in transactions. Revenue comes from commissions and success fees from agents and banks, and Huspy reports revenue growth of more than 10x since 2022 and claims over 20x year-on-year growth in Spain. It already operates in six Spanish cities and says it is one of the top three real estate companies in Valencia by transaction volume. Huspy plans continued expansion across Europe and the Middle East, including a launch in Saudi Arabia and a goal to operate in over 10 cities by the end of 2025. Huspy is a proptech company building a one-stop ‘super app’ that connects property search, purchase, financing and ancillary services (furnishing, maintenance, property management). Headquartered in Dubai with offices in Madrid and Abu Dhabi, Huspy places real estate agents at the center of transactions and has launched a ‘super app for agents’ in Madrid. It also operates in the Spanish mortgage market through two brands: Bayteca for residents and Mortgage Direct for non-residents. Huspy opened its first European “Agent Hub” in Madrid and has plans to expand to additional Spanish cities as part of a broader European rollout. Since its creation three and a half years ago, the company has facilitated more than €5.5 billion in housing transactions and helped over 13,500 people purchase properties. The firm aims to double its activity in Europe and become the largest home‑buying company in Europe and the Middle East. Huspy offers a suite of digital solutions for buyers, property agents, and mortgage brokers, including a home finance product that scrapes banks weekly to provide mortgage quotes and loan locks in minutes. It also operates a property marketplace that lists verified properties (integrated via agency CRMs), lets users book visits, and completes transactions on customers' behalf. The company claims to process $2 billion in annualized GMV, is growing revenue 25% month-on-month, closes transactions three times faster than other platforms, and reports a conversion rate north of 90%. Huspy monetizes by charging banks 1% per mortgage transaction and charging real estate agencies 2–3% for closed transactions. Founded in 2020 by Jad Antoun and Khalid Ashmawy and operating across Dubai and Madrid, Huspy acquired Dubai-based Home Matters in January to ramp up growth. The company says it is the market leader in the UAE and plans to double down on growth in the UAE and Spain, expand into other parts of Europe, and invest in technology and product development.
- Eyewa
Participated · Series C · Nov 2024
Eyewa operates a direct‑to‑consumer e-commerce platform and a rapidly growing network of wholly owned retail stores, selling prescription glasses, sunglasses, blue‑light glasses and contact lenses across five Middle East markets. The company has developed nine proprietary brands and says 96% of revenue now comes from its in‑house labels, which it uses to keep prices affordable. Since launching physical retail in December 2020 the startup has grown to 150 stores and employs about 1,300 people, owning the full customer journey including in‑store eye exams. Eyewa reports it is profitable and growing revenue at over 50% year‑over‑year. The company plans to add at least 100 more stores across six countries (including a 2025 entry into Qatar) and will open a production facility and fulfillment centre in Riyadh next quarter. Eyewa was founded by former Bain consultants who initially sold third‑party brands online before launching their own labels to address unmet regional demand. eyewa is an online eyewear retailer that offers affordable eyewear and a customer-focused e-commerce experience across multiple Middle Eastern markets. The company was founded in 2017 by Anass Boumediene and Mehdi Oudghiri and has built a trusted reputation in the UAE, KSA, Kuwait, Qatar, Oman and Bahrain. eyewa plans to pursue an omnichannel strategy, opening physical stores designed to mirror its successful online experience while leveraging technology across customer interactions. The company intends to expand beyond its initial home markets of UAE and KSA into the rest of MENA. eyewa will use new capital to fund expansion and to further invest in top-tier technology and product teams and retail and omnichannel technology. The business recently completed a Series B fundraise, improving its financial runway for these initiatives. eyewa is a Dubai-based eyewear e-commerce company that sells sunglasses, eyeglasses, prescription contact lenses and color contact lenses. The company offers a wide choice aligned with the latest fashion trends and a highly customised user experience across discovery, ordering, packaging and delivery. eyewa is co-founded and led by Anass Boumediene and Mehdi Oudghiri. It raised a US$2.5M pre-Series B bridge round, bringing total capital raised to US$11.1M. Backers in the round included Wamda Capital, EQ2 Ventures and Nuwa Capital. The company intends to use the funds for rapid expansion in the online eyewear space in the MENA region. eyewa is now the largest online eyewear retailer in the UAE and KSA.
- Global Premier Fertility
Led · Series C · Jun 2022
Global Premier Fertility operates a platform that owns, operates and integrates fertility centers, offering physicians resources to lead day-to-day operations alongside an experienced fertility leadership team. Led by CEO Kolin Ozonian, the company provides a partnership model through its family of Partner Centers to deliver personalized fertility care and a seamless patient experience. Its services aim to improve patient outcomes via integrated clinical and support offerings. Over the past year the company has grown through acquisitions and strategic partnerships, including the acquisition of Reproductive Health & Wellness Center in Laguna Hills and launches of RISE Fertility and Dreams Fertility locations. Planned uses of future capital include expanding acquisitions, building new clinics with physician partners, and investing in recruiting fertility talent.
- ClearEstate
Participated · Seed · Jun 2021
ClearEstate provides a platform for executors and planners to streamline tasks and professional services related to estate planning and settlement. The company was founded in 2020 by CPO Alexandre Gauthier and CEO Davide Pisanu and is based in Montreal, with offices in Ontario, California and Texas. ClearEstate raised US$13.25M in a Series A equity round led by OMERS Ventures. Other participants in the round include Diagram Ventures, Torstar, Triangle Capital and NAVentures (the venture arm of the National Bank of Canada). The company said it will use the funds to expand throughout Canada and into the four largest US markets. The startup is described in the article as now being supported by some of Canada’s most credible investors. ClearEstate is a digital-first estate settlement platform that guides estate executors through the probate process. The product aims to demystify executor responsibilities and streamline estate settlement for North American users. The company raised C$2.5M in a seed extension to fund platform launch and geographic expansion. ClearEstate intends to use the proceeds to launch the platform and expand its business reach across the United States and Canada. The company is led by co-founder and CEO Davide Pisanu. Investors in the round include Anthem Partners, Torstar Corporation, Triangle Capital Corporation, NAventures and Diagram Ventures.
- Vinventions
Led · Debt Financing · Jan 2015
Vinventions, LLC (USA) is a global supplier of bottle-closure solutions for the wine industry, with a product range that includes premium natural cork, sugarcane-based corks (Nomacorc), glass closures and screwcaps. The group operates worldwide and maintains a Belgian factory in Thimister (Nomacorc). To support growth, future developments and to refinance recent acquisitions, Vinventions completed a USD 40 million capital increase. Compagnie du Bois Sauvage subscribed USD 20 million of that capital increase via its American subsidiary and also provided a EUR 5 million subordinated loan to Vinventions' Belgian subsidiary. The company relied on its historical shareholders for the capital increase, while Intégrale and three European and one American bank structured debt to significantly reduce its level and cost. After the transactions, Compagnie du Bois Sauvage holds directly and indirectly 25.84% of Vinventions' capital. Nomacorc produces synthetic wine corks using a patented co-extrusion process. Its corks are designed to mimic the look and feel of natural cork while providing consistent, predictable oxygen management. The synthetic corks also eliminate compounds found in natural corks that can spoil the taste and aroma of wine. The company is based in North Carolina. The article reports a $22.0 million capital infusion consisting of subordinated debt and equity. No operating metrics such as revenue or user counts are provided in the article.
Team
David F. Parker
investment Manager
Elise A. Rose
Analyst
James Burke
investment Manager
Thomas F. Moses
Team Member