Leading Canadian Private Credit Firm Third Eye Capital Receives Significant Support from Kudu Investment Management

Sep 17, 2021 1:08 PM ET


Third Eye Capital (Third Eye), a leading Canadian private credit firm, partners with Kudu Investment Management, LLC (Kudu), an independent provider of permanent capital solutions to global asset and wealth managers whole. Kudu acquires a minority stake in Third Eye and its subsidiaries. The terms were not disclosed.

Through a unique combination of flexible capital and strategic and operational information, Third Eye empowers growing businesses that are underserved and underestimated by other sources of capital. Founded in 2005 by Arif Bhalwani and David alexandre, Third Eye currently manages approximately 2.8 billion Canadian dollars for a diversified clientele composed mainly of institutional and high net worth Canadian investors.

“Kudu’s investment allows us to enhance our already important alignment with clients and helps us launch new funds in Canada’s evolving private credit markets,” said Bhalwani, CEO of Third Eye. “With our solid track record of helping portfolio companies successfully manage complex change events ranging from extreme distress to hyper growth, Third Eye has become a preferred alternative capital provider for Canadian management teams. . “

“We chose to partner with Kudu for several reasons, including its permanent capital structure, its shared vision and a cultural alignment that was clear from our meeting,” added Bhalwani. “Kudu’s preference for minority positions aligns fully with Third Eye’s growth ambitions, without altering our processes, timelines or continued independence and majority shareholding.”

“There is so much to admire in Third Eye,” said Rob jakacki, CEO of Kudu. “Our mission has always been to support extraordinary leadership teams and provide them with the capital and support they need to grow. Third Eye has a world-class team and a distinctive business model that gives it a unique advantage in the growing alternative credit markets. Canada. We are honored to partner with them. “

With the addition of Third Eye as a first investment in Canada, Kudu now holds investments in 16 partner companies (including two managed on behalf of third parties) domiciled in the United States, Canada, the United Kingdom and Australia. Kudu-affiliated asset and wealth managers invest collectively 91 billion US dollars (115 billion Canadian dollars) on behalf of individual and institutional investors around the world in traditional and alternative strategies, from June 30, 2021. Founded in 2015, Kudu has more than 650 million US dollars (823 million Canadian dollars) in the capital commitments to date.

RBC Capital Markets acted as financial advisor and Bennett Jones, LLP was legal counsel to Third Eye. Osler, Hoskin & Harcourt, LLP and Seward & Kissel LLP served as legal advisers to Kudu.

About Third Eye Capital
Situated at Toronto, Third Eye Capital is a leading Canadian private credit company that provides tailor-made financing and value-added operational expertise to its portfolio companies. Since 2005, Third Eye Capital has directly invested more than CAN $ 3.5 billion in over 100 financings for unsponsored companies operating in a diverse set of industries including sustainability, natural resources, technology, finance, healthcare, media, food and hospitality, transport and construction services. For more information, please visit www.thirdeyecapital.com.

Url: http://www.thirdeyecapital.com.

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