TRENDHAVEN INVESTMENT MANAGEMENT, LLC

Thomas J. Clarke, the founder, serves as Chief Investment Officer and makes all material investment decisions. Clarke's background in consumer-focused special situations and middle-market private equity informs the firm's credit-plus-equity strategy. He is the primary named principal on all publicly disclosed transactions.

The firm sources primarily through restructuring advisor networks, bankruptcy processes, and direct outreach to distressed consumer brands. Its focus on asset-heavy luxury goods means inventory liquidation firms, trademark law practices, and retail turnaround consultants are frequent origination channels. Trendhaven does not participate in broad auction processes, preferring bilateral restructuring situations.

The firm concentrates on premium consumer brands, luxury apparel, and entertainment royalty assets. Confirmed positions include denim label True Religion and Betsey Johnson. Trendhaven has also extended credit against music publishing rights, where it treats royalty streams as asset-backed securities.

Trendhaven generally takes minority equity stakes alongside its credit facilities rather than pursuing majority buyouts. The firm does not act as a day-to-day operator but inserts covenants tied to inventory management, licensing strategy, and cost structure. In restructurings like True Religion, it has played a steering-committee role without assuming full control.

Conventional ABL lenders advance against accounts receivable and inventory at conservative advance rates with no equity component. Trendhaven underwrites the going-concern value of trademarks and licenses, often providing covenant-light structures in exchange for minority equity or warrants. The firm will also lend against royalty streams from music and media catalogs, a collateral class most commercial banks avoid.