TORONTO--(BUSINESS WIRE)--Third Eye Capital (“TEC” or the “Company”), Canada’s leading provider of asset-based financing solutions to underserved or overlooked companies, is pleased to announce the appointment of David Steele as President and Chief Operating Officer, effective August 15, 2023.
Previously, David served as the Canadian President and CEO of Russell Investments, a leading global investment firm, where he successfully led and executed the strategic direction of the Canadian business. During his tenure, David spearheaded the significant growth and expansion of the Canadian business through new distribution partners and product growth, including new alternative investment solutions. At Russell Investments since 2003, David brings deep knowledge of the investment management industry, having held several leadership roles in sales, finance, administration, operations, and client services.
“As an industry veteran and proven leader, we are delighted to welcome David to Third Eye Capital,” said Arif Bhalwani, Chief Executive Officer of Third Eye Capital. “David’s career has been nothing short of impressive, successfully delivering strong results and expanding investment capabilities, all while effectively cultivating a culture built on trust, engagement, and inclusion. He was instrumental in the transformation and enhancement of all the business units he has led, and I am confident that David has the skills and vision to allow us to continue to scale and grow.”
In his new role at TEC, David will be responsible for overseeing the Company’s operational and administrative functions including strategic planning, finance and accounting, performance and risk management, and compliance. The role will also encompass fostering stakeholder relationships, mentoring the team, overseeing financial performance, identifying business growth opportunities, and promoting the Company’s best in class ethical and client-centric corporate culture.
“I am thrilled to join Third Eye Capital and eager to build upon the strong foundation laid by Arif and his team over the past two decades,” said Steele. “It is a pivotal time in the alternative asset industry, and Third Eye’s compelling track record and edge in navigating complex situations, make it ideally positioned to meet the evolving needs of sophisticated investors.”
David will be investing alongside existing TEC insiders who are committing an aggregate of at least $20 Million to TEC’s latest fund launch in its flagship series that is expected to have an initial close later this year. TEC insiders are among the top three investors of the Company’s total private debt assets under management.
David holds a Bachelor of Mathematics (Honours) and a Master of Accounting from the University of Waterloo and is a designated Chartered Accountant and CFA Charterholder.
About Third Eye Capital
Founded in 2005, Third Eye Capital is Canada’s leading provider of asset-based financing solutions to companies that are underserved or overlooked by traditional sources of capital. With a proven track record of nearly $5 billion in lending commitments across more than 125 portfolio investments, Third Eye Capital is one of the most experienced private debt firms in Canada. From navigating through periods of extreme distress to embracing moments of extraordinary change, Third Eye Capital excels at executing opportunities that other lenders simply cannot or will not pursue. Third Eye Capital actively engages with a company’s key assets to bridge the gap between their perceived value and actual worth and provides access to capital and expertise that enables portfolio companies to flourish.