TORONTO, June 17, 2013 /CNW/ - Third Eye Capital Management Inc. (together with its affiliates, "Third Eye Capital") is very pleased to announce the launch of Third Eye Capital Alternative Credit Trust (the "ACT Fund"), an open-ended unincorporated investment trust established under the laws of the Province of Ontario. The ACT Fund will be managed by Third Eye Capital with the principal investment objective to achieve superior risk-adjusted returns with minimal volatility and low correlation to most other asset classes through direct investments in private secured loans of primarily Canadian companies.
Third Eye Capital has generated exceptional returns for its investors since pioneering the alternative credit market in 2005. Third Eye Capital currently sub-advises the Third Eye Capital Credit Opportunities Fund in Luxembourg and the Sprott Private Credit Trust in Canada. Similar to these portfolios, the ACT Fund will invest in privately-negotiated senior, secured loans of primarily Canadian companies that are ignored or misunderstood by traditional financing sources. By looking through multiple lenses, Third Eye Capital has a proven ability to see quality in companies that other lenders do not see or appreciate. This has resulted in several businesses being able to free up hidden asset values and broaden their credit availability in order to solve their financing problems.
"We are excited to be launching the ACT Fund for Canadian investors, an offering unlike any other in Canada," commented Arif N. Bhalwani, Third Eye Capital's co-founder and CEO. "Against a backdrop of historically low interest rates and equity market volatility, the ACT Fund is an ideal investment for investors seeking yield, portfolio diversification, and unique total returns that are not available in the public markets."
Units of the Act Fund will initially be offered at a price per unit of $10.00 until June 28, 2013, with a minimum initial subscription amount of $150,000 or $10,000 for subscribers who qualify as "accredited investors". The ACT Fund is only available to Canadian investors.
Third Eye Capital is a leading special situations investor that provides innovative financing to promising companies that are often misunderstood or in out-of-favor industries. Through extensive due diligence and rigorous analysis, the firm has a long track record of successfully identifying companies with compelling stories and valuable assets that other investors ignore or lack the expertise or willingness to analyze. Third Eye Capital has committed more than $500 million to private financing transactions across a wide array of industries including energy, alternative energy, mining, technology, media, healthcare, construction services, and financials. The firm was founded in 2005 by renowned entrepreneurs and private investors Arif N. Bhalwani and Dr. David G. Alexander. Together with an expert team of investment and credit professionals, they have led Third Eye Capital to consistent investment outperformance. Third Eye Capital is headquartered in Toronto, Canada. For more information on Third Eye Capital, please visit www.thirdeyecapital.com.
SOURCE: Third Eye Capital
For further information:
Christopher Vokes, Head of Investor Relations
Third Eye Capital
161 Bay Street, Suite 3930
Toronto, ON M5J 2S1