Trinity Venture Capital Limited (TVCL) was established in 1997 as a private equity investor and investment manager, managing risk capital for predominantly early stage and expanding Irish companies.  Its Executive Chairman, Shane Reihill, founded TVCL and appointed John Tracey as its Chief Executive on its inception.

In 1997 TVCL established its first fund, Trinity Venture Fund 1 (“TVF1”), and raised Total Committed Capital of €24.1 million, predominantly from institutional investors.

In October 2000, TVCL established its second fund, Trinity Venture Fund 2 (“TVF2”), and raised Total Committed Capital of €138.7 million, predominantly from institutional investors. This fund’s initial investments were primarily in software companies. 

In June 2007 TVC Holdings plc was founded. 

In July 2007 TVC Holdings plc acquired 100% of the share capital of TVCL in return for an issue of ordinary shares to the shareholders of TVCL.

In July 2007 19 of the 22 Limited Partners in TVF1 and TVF2 transferred their interests in the funds to TVC Holdings plc, in return for an issue of TVC Holdings plc ordinary shares to them. The effect of this transfer was to make TVC Holdings plc a 78% Limited Partner in TVF1 and an 82% Limited Partner in TVF2.