Third Eye Capital
Has anyone heard of third eye capital in Toronto? How are they regarded? The background of the folks there seems impressive for a Canadian special situations shop. Please kindly share input.
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Bucket shop
I suppose that means it's terrible. Could you pls elaborate ? Yes, I've googled them and some law suits come up, but any special sitautions firm is bound to have a few lawsuits, given the nature of the investing they do, no?
Large for a private lender in Canada. I know they get involved in very hairy situations. But the firm is plenty sketchy. I would love to speak with an ex-employee for a hour or two so let me know if you end up joining.See a (pretty wild) story below.
https://opmwire.com/third-eye-arif-bhalwani-prime-bank-fraudsters/
Avoid, very sketchy.
This thread showed up as a related thread, which is how I stumbled across it. I am a Canadian on the buyside, so I consider myself in good stead to be able to comment on this. I can't really speak to their investments in detail, but they have solid people there. You can just check the website. A couple of folks from Catalyst Capital Group, which despite the fact it failed (due to the CEO really), was Canada's leading #1 distressed firm. Also, the president / CEO of Russell Investments recently joined them as COO. I think they (Third Eye Capital) are in the process of fund raising.
Not sure what's a good barometer of people's background. Were you looking for folks with MBAs from M7 business schools? You won't find many of those in Canada and that's also a shallow way to look at it.
They supposedly work very work hard there...
PE/PC/VC scene in Canada is very small and the regulators are not as stringent as the SEC. Canada unfortunately has a variety of bucket shops.
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Backgrounds of these folks seem aggressively fine. Not worth the potential reputation damage to you from what’s going on with them right now.
Not the OP but what does aggressively fine even mean lol
Whelming. Mid. Ohio.
Sounds like if Farrakhan got into lending
Why not just call it butthole capital at that point “third eye capital” bro wtf hahaha
hahahahaha
First time poster but I invest in the firm and know the people who work there. Check references and speak to current and former employees. Not a bucket shop - they have very little turnover and everyone that's worked there before says great things. Read the CEO's quarterly letters, which are impressive and give you insight into how they think. Been around for a long time, about $5B in deals, made a ton of money for their investors but get into really challenging and risky deals, and can be ruthless when companies don't payback their loans. For sure have made enemies. Big institutions backing them who don't advertise that likely for reputational reasons. Do your own DD.
Well the OP is doing his DD if he/she is asking a third party like wso. How openly would the alums of a small shop be speaking if he/she did approach them, knowing that word could pass. Also if they were that good with making returns, why wouldn't their institutional investors be advertising their relationship
They raised some real money so they aren't a bucket shop, but at the same time they haven't done very good investments and have a poor reputation in the industry. In terms of exits, one of their associates now works in business development for a commercial bank...opening lines of credit for small Canadian businesses LOL. That should indicate to you the power (or lack thereof) that their brand has.
There isn't anyone showing up on linkedin who is doing this...
This is not true.
This thread showed up as a related thread, which is how I stumbled across it. I am a Canadian on the buyside, so I consider myself in good stead to be able to comment on this. I can't really speak to their investments in detail, but they have solid people there. You can just check the website. A couple of folks from Catalyst Capital Group, which despite the fact it failed (due to the CEO really), was Canada's leading #1 distressed firm. Also, the president / CEO of Russell Investments recently joined them as COO. I think they (Third Eye Capital) are in the process of fund raising.
Not sure what's a good barometer of people's background. Were you looking for folks with MBAs from M7 business schools? You won't find many of those in Canada and that's also a shallow way to look at it.
They supposedly work very work hard there...
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