As a result of the recent market volatility and recessionary pressure, traditional financing sources have taken on a more conservative posture, resulting in lower quantum of available capital and less certain outcomes. With a flexible mandate and committed capital from our recently closed $350 million Structured Capital Fund I, Trive Capital is actively seeking opportunities to support companies at a time when traditional sources of financing may not be available.
Business Owners | How We Align
With a rising interest rate environment and the cost of traditional debt financing increasing materially, business owners continue to balance capital structure efficiency. Trive is focused on generating a return through long-term value creation (vs. capturing a high contractual return including current cash pay), creating better alignment of incentives with owners and management stakeholders.
Structuring Transactions | Flexibility is Key
Trive has ultimate structuring flexibility; our goal is to tailor our investment to the situation. Trive does not need to generate cash interest, thereby enabling companies to retain cash to support liquidity and reinvest in growth. Trive Structured Capital has invested across a wide range of securities, including: i) senior debt, ii) subordinated debt, iii) convertible debt, iv) preferred equity and v) common equity.
Navigating Cycles & Uncertain Markets | Our Hands-on Approach
The Trive investment team has been actively investing throughout the capital structure for the better part of two decades (including three significant economic downturns) and remains committed to partnering with companies throughout investment cycles.
Trive’s experience allows us to serve as a resource to management teams during the navigation of uncertain markets, as well as identifying and implementing value creation improvements.
About Trive Structured Capital
From special situation credit to non-control equity capital, Trive has the ability to create flexible capital solutions for companies seeking a value-added partner with the resources and mindset to effect real change.
Investment Criteria | Trive Structured Capital
Trive’s Structured Capital Strategy specializes in creating bespoke, tailored capital solutions to companies at or near an inflection point. Our focus, agnostic to capital structure, is the needs of the business, existing shareholders and management teams – allowing stakeholders to achieve their unique goals while maintaining meaningful upside and control. Trive invests with a hands-on, operational approach, seeking to form meaningful and collaborative partnerships with key stakeholders and those driving value.
Trive is actively seeking to invest $10 to $250M of debt or equity into currently or historically profitable family or institutionally owned businesses.
Security Types
- Senior Debt (special situations)
- Junior Debt
- Preferred Equity (with lower long-term dilution)
- Common Equity (non-control)
Transaction Types
- Minority Recapitalizations
- Growth Capital
- Distressed/Balance Sheet Issues
- Failed Sale/Capital Raise Processes
- Management Buyouts
- Stretch Leverage
- Acquisition Financing
- Independent Sponsors