Third Eye Capital
Tel: (416) 601-2270
Fax: (416) 981-3393
Email Third Eye Capital
Brookfield Place
Bay Wellington Tower
181 Bay Street, Suite 2830
Toronto, Ontario, M5J 2T3
Speculative enthusiasm is as old as markets themselves. Each generation of investors convinces itself that it is witnessing something unprecedented – a technological breakthrough or economic transformation so profound that old rules no longer apply. Today, amid untethered excitement about artificial intelligence, the belief that...
Valuation has become a major area of concern for investors in private debt due to the asset class's opacity, illiquidity, and susceptibility to economic and market uncertainties. Stale valuations, conflicts of interest, and the lack of standardized practices further amplify these concerns, particularly as the...
In asset-based lending, underwriting paramountcy is given to the value of the underlying collateral. The fundamental premise is that the loan is secured against assets, providing a cushion in the event of default. This approach prioritizes the realizable value of inventory, equipment, real estate, or...
A Time for Turn-Arounds (Q1-24) The rise in financing costs over the past two years combined with slowing economic growth have posed severe challenges for many businesses. Since 2022, the debt-servicing costs for publicly listed businesses headquartered in Canada have surged dramatically, following a period of...
