Third Eye Capital

Toronto, Ontario

Founded in 2005, Third Eye Capital (TEC) is one of Canada’s largest and most experienced independent providers of alternative capital. Specializing in private, non-bank lending, TEC has deployed over $5 billion of financing to companies undergoing change, challenge, or complexity. The firm has a reputation for innovation, providing customized asset-based financing solutions that unlock value from unconventional sources rather than rigid lending criteria.

History

TEC was co-founded in 2005 by Arif Bhalwani and David Alexander, two seasoned professionals with deep expertise in investing, finance, and entrepreneurship. Their vision was to create a firm that looked beyond traditional credit metrics and into the underlying value of a business. By identifying underutilized or overlooked assets, TEC positioned itself as a partner to businesses often underserved by conventional lenders. Since its inception, TEC has built a reputation for being a strategic and solutions-oriented capital provider that thrives in complex situations.

Recent and Current Operations

Over the past two decades, TEC has invested in over 100 companies across a diverse range of industries and currently manages approximately $3 billion in assets. The firm has evolved into a full-spectrum capital partner, offering not just financial solutions, but also strategic insight and operational support. TEC continues to be a leader in Canada’s private credit industry by continually adapting to shifting market dynamics and by structuring intelligent, situation-specific capital solutions.

Financial Strength

As a privately held firm, TEC does not disclose shareholder equity. However, its strong track record of capital deployment and successful investment realizations underscores its robust financial position. Notably, TEC insiders have invested meaningfully alongside clients, representing approximately 7% of the firm’s assets under management – a testament to their conviction in TEC’s strategy and alignment with investor interests. This alignment, coupled with the firm’s ability to drive value across diverse sectors, reinforces its position as a trusted leader in asset-based and special situation lending.

Key Players

● Arif Bhalwani - CEO and Managing Director
● Dr. David Alexander - Vice Chairman and Managing Director