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Trinitas Capital Management

SEC-registered adviser since 2015Dallas, TXCRD 281328

$19.6B
AUM
45
Clients
See fees
Fee
20
Advisory staff

From Form ADV filed 30 March 2026 · data retrieved 15 October 2026SEC record

Trinitas Capital Management is an investment adviser headquartered in Dallas, Texas, and registered with the SEC since 2015. Its clients include pooled investment vehicles.

Its services include portfolio management for pooled vehicles. Fee arrangements include a percentage of assets under management and performance-based fees. Trinitas Capital Management is owned through a trust and a chain of holding companies by Behdad Eghbali, Jose Feliciano, Thomas Kubr and Capital Dynamics Limited. Gibran Mahmud is its CEO.

Clients

Trinitas Capital Management serves 45 clients. The average client has about $435 million with the firm.

Regulatory assets by client type
  • Pooled investment vehicles45 clients100%
Show client breakdown
Pooled investment vehicles
Clients
45
Regulatory AUM
$19,556,165,445
Share
100.0%
Avg. per client
$434.6M

Total

Clients
45
Regulatory AUM
$19,556,165,445
Share
100%
Avg. per client
$434.6M

What it does

Trinitas Capital Management provides portfolio management for pooled vehicles. It is paid through a percentage of assets and performance-based fees.

Trinitas Capital Management advises 45 private funds.

100.0% of assets ($19.56B across 45 accounts) are managed with discretion. 100% of clients are outside the U.S., and 0 clients received advice without assets under management last fiscal year.

Custodians

Trinitas Capital Management does not have custody of client assets.

Managed account assets by custodian
  • All other custodians$19.56B100%

Ownership and leadership

Trinitas Capital Management is owned through a trust and a chain of holding companies by Behdad Eghbali, Jose Feliciano, Thomas Kubr and Capital Dynamics Limited. Gibran Mahmud is its CEO.

Who owns the firm
Trinitas Capital Management, LLC· the adviser

  • TCM Holdco LLC

    since April 2017

    Owns 10% to 25% of Trinitas Capital Management, LLC

  • Pes Triple Falls Holdings LP

    since October 2021

    Owns 10% to 25% of Trinitas Capital Management, LLC

  • Uaw Retiree Medical Benefits Trust

    since April 2022

    Owns 10% to 25% of Trinitas Capital Management, LLC

  • Capital Dynamics Global Secondaries IV Holdings, L.P.

    since September 2017

    Owns 5% to 10% of Trinitas Capital Management, LLC

  • Capital Dynamics Mid-Market Direct IV, L.P.

    since February 2019

    Owns 5% to 10% of Trinitas Capital Management, LLC

Leadership

  • Gibran Mahmud
    Director, Chief Executive Officer
  • Philip Braner
    VP and Chief Operating Officer
  • John Cannon
    Chief Compliance Officer
  • Andrew Bernstein
    Director
  • Brent Bossart
    Director/Owner
  • Fred Ebrahemi
    Director
  • John Frishkopf
    Director
  • Xavier Gutierrez
    Director
  • William Pade
    Director
  • Kenneth Stemme
    Director

Staff

  • 26 employees
  • 20 in advisory functions

Fees

Trinitas Capital Management is paid through a percentage of assets under management and performance-based fees.

Trinitas Capital Management’s fee rates are not included in this profile. Find its brochure on the SEC’s site.

Offices and registrations

Besides its headquarters, Trinitas Capital Management has 0 offices, with 1 listed address in 1 state.

Listed office addresses by state

Texas · 1 listed address

  • 200 Crescent Court, Suite 1414, DallasHQ

Registration details

Legal name
Trinitas Capital Management, LLC
Headquarters
200 Crescent Court, Suite 1414, Dallas, TX 75201-1834
Phone
214-420-2400
Website
Not reported
SEC file
801-106701
Structure
Delaware LLC
Fiscal year end
December

This directory does not report disciplinary history, for any firm or individual, in either direction. The SEC publishes the complete record, including any disciplinary events, and it is the authoritative place to check one. See this firm's record on adviserinfo.sec.gov

Common questions

How many clients does Trinitas Capital Management have?

Trinitas Capital Management has 45 clients and manages $19.6 billion for them, as of March 2026.

Source: Form ADV Part 1A, Items 5.D and 5.F, filed 30 March 2026

What services does Trinitas Capital Management offer?

Trinitas Capital Management provides portfolio management for pooled vehicles.

Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file

How many financial advisors does Trinitas Capital Management have?

Trinitas Capital Management has 0 investment adviser representatives registered with state securities authorities, out of 26 employees, and 20 perform investment advisory functions. None are registered representatives of a broker-dealer or licensed insurance agents.

Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file

Who owns Trinitas Capital Management?

Trinitas Capital Management is owned through a trust and a chain of holding companies by Behdad Eghbali, Jose Feliciano, Thomas Kubr and Capital Dynamics Limited. Its direct owners are TCM Holdco LLC, Capital Dynamics Global Secondaries IV Holdings, L.P., Capital Dynamics Mid-Market Direct IV, L.P., Pes Triple Falls Holdings LP and Uaw Retiree Medical Benefits Trust, each holding 25% or less.

Source: Form ADV Part 1A, Schedules A and B, filed 30 March 2026

How does Trinitas Capital Management get paid?

Trinitas Capital Management is paid through a percentage of assets under management and performance-based fees. Its Form ADV lists no commissions among how it is paid.

Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file

Sources

  1. Form ADV Part 1A, amendment filed 30 March 2026. Items 1, 5, 9, 11 and Schedules A, B and D.
  2. IAPD firm record, CRD 281328.

Retrieved 15 October 2026. All are published by the SEC and may have been amended since.

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This profile is compiled from public regulatory filings and is provided for informational purposes only. Niva Wealth is not affiliated with Trinitas Capital Management, LLC and makes no representation about the quality of its services. Figures reflect the filing dates shown and may have changed. Ownership percentages are the bands reported to the SEC, not exact figures.