Who we help

Built for critical decision-makers.

Traxi is engaged by the parties who carry the consequences of a distressed situation: sponsors, lenders and capital providers, boards and management teams, and the attorneys and independent directors who bring us in.

Private Equity Sponsors

Protect the investment, or exit it well.

A challenged portfolio company demands disproportionate attention from a deal team that still has a fund to run. Traxi provides the capacity and the independent read — whether the answer is additional support, a restructuring, a sale, or a decision to stop investing.

We work alongside sponsors on the analysis their lenders and LPs will scrutinize, and take operating or fiduciary roles where independence from the sponsor is required.

Independent business reviews and liquidity assessments
Lender negotiations and amendment support
Portfolio company interim management
Distressed sale and recapitalization execution
Wind-down and ABC alternatives when there is no equity value

Lenders, Private Credit & Capital Providers

Independent facts before the decision.

Traxi serves banks, direct lenders, private credit funds, insurance-related capital, and special situations investors who need an independent view of a borrower — the real liquidity runway, the credibility of the plan, the quality of the collateral, and the recovery under each alternative.

The firm has worked on private credit distress situations of significant profile, where concentrated lender groups, aggressive documents, and limited public information make the analysis and the stakeholder management inseparable.

Borrower and collateral diligence
Liquidity and forecast validation
Recovery analysis and alternatives comparison
Enforcement, foreclosure, and 363 sale support
Loan-to-own and take-back-paper structures
Post-restructuring monitoring and interim officers

Boards & Management Teams

Objective advice, and someone to execute it.

Directors face liquidity pressure and deteriorating performance with a duty that shifts as insolvency approaches, and often with a management team invested in the plan that is not working. Traxi provides an independent assessment, and the operating capability to act on it.

Where a board needs an independent officer, an investigation, or a fiduciary who can answer to a court, the firm has served in those roles.

Independent assessment for the board
Fiduciary duty and solvency-adjacent analysis
Interim CFO, CRO, and officer roles
Special committee and investigation support
Stakeholder and employee communications planning

Attorneys, Co-Advisors and Stakeholders

A senior, discreet, conflict-aware partner.

Restructuring and litigation counsel, accountants, and independent directors bring Traxi in when a matter needs financial and operating capability that will hold up in court and in front of a committee.

The firm is deliberately boutique, which keeps conflicts manageable and keeps the senior professionals who take the call engaged through the matter.

Expert and litigation support analysis
Court-appointed and fiduciary engagements
Committee-side financial advisory
Forensic and asset-recovery work
Client situations requiring an independent third party

When to call

The alternatives narrow quickly.

The most common cost we see is delay. Options that exist at the first covenant breach are frequently gone by the third, and a liquidity runway is the only thing that buys a negotiated outcome. Traxi would rather be called early and told the situation resolved itself.

Liquidity is tightening

The forecast keeps getting revised, and the revisions are in one direction.

The plan is slipping

Performance has missed the business case for consecutive periods and the explanation keeps changing.

Lenders have gone formal

Reservation of rights, a default notice, a forbearance, or a request for a third-party review.

A decision point is fixed

A maturity, a plan deadline, a covenant test, or a payment the business cannot make.

Confidential inquiry

Every situation starts as a confidential conversation.

Tell us what is happening. We will tell you what we would look at first and whether we are the right firm for it.

Discuss a situation