Workout as a Service
On your side of the table.
Workout-as-a-Service is a national, credit-focused practice that acts as an experienced extension of a capital provider's portfolio-management and workout function, across stressed and transitional situations. Built for capital providers, not the companies across from them.
One team across the full lifecycle of stress, from early-warning intervention through recovery and exit.
We have invested capital, run companies, sat on boards, and worked through distressed situations ourselves, with real capital at risk. That lived experience gives us a principal-investor perspective on complex value recovery.
Our focus is not process for its own sake. It is value: the practical, often out-of-court path that preserves enterprise value, maximizes recovery, and avoids unnecessary value leakage.
We've been in your seat.
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Direct lenders
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Credit funds
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Secondary buyers and opportunistic credit investors
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Distressed and control-oriented investment firms
One Platform. Three Ways In.
The buyer is always a capital provider. What changes is the situation they walk in with. Deploy any one model, or combine them.
Embedded Workout Team
An extension of your workout desk. Experienced intervention when your team is stretched. We assess risk, lead stakeholder negotiations, manage liquidity, and drive recovery, protecting your recovery and preserving your optionality before a filing is inevitable.
Secondary Portfolio Acquisition Support
Underwrite complexity. Unlock value. We see through the book before you bid and work the book after you close, with portfolio triage, restructuring assessment, sponsor and management evaluation, and a value-realization plan from one team.
Loan-to-Own / Special-Situations Execution
From underwriting to execution. Operating and restructuring leadership for the situations where control is the thesis, delivered by a cross-functional team that moves with you from underwriting to execution. Winning the asset is the easy part.
Why Areté as a Workout Partner
We Sit on Your Side of the Table
Built for capital providers. Most restructuring firms work for the company, we work for the lender and the investor.
Credit + Restructuring + Operations
Underwriting judgment, restructuring expertise, and hands-on operational execution in one team, not three separate firms.
Senior-Led
You work directly with a principal who has more than 25 years in credit and restructuring, and who has sat in the lender's seat and the operator's seat with real capital at risk. The person who sizes up your situation is the person who leads it.
We Flex Across the Lifecycle
Early-warning to exit, the same team moves with the situation. You keep deploying capital, we handle the stress.
The Leader Behind the Work
Adam is a private-credit investor and restructuring executive with 30+ years across middle-market direct lending, distressed investing, and operational turnarounds. He has spent nearly two decades investing and managing credit from the lender side of the table, and has led value-creation and restructuring initiatives across a roughly $3.5 billion middle-market portfolio. He was a founding member of Stellus Capital Management, a leading lower-middle-market direct lender with approximately $3.9 billion in assets under management, and has deployed more than $1 billion of senior secured loans and equity co-investments.