Steve Brown is stepping down as chief executive officer of Trinity Capital Inc. Brown will be succeeded by his son, Kyle, who is Trinity's president and chief investment officer. He takes the helm of Trinity Capital on Jan. 1, 2024 as part of a "long-term succession plan," according to a company announcement.

Steve Brown has served as the company's chairman and CEO since he founded it in 2008. He will remain active in Trinity Capital's operations, focusing on identifying strategic opportunities and continuing to serve on the company's investment committee, according to the company. As Trinity's president and chief investment officer, Kyle Brown currently oversees the company's executive team, growth initiatives and investment strategy.

Kyle Brown joined Trinity Capital in 2015. Under his leadership, the company's balance sheet has grown from $100 million to more than $1.1 billion in assets under management as of the second quarter. He told the Business Journal his future vision for Trinity Capital involves the expansion of its tech lending, equipment financing and life sciences verticals and establishing new ventures.