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Sightline Conversations: An Update on Asset-Based Lending with Third Eye Capital

 

For this episode of our Sightline Manager Conversations Part II series, Sightline Wealth Management’s Warren Gerow speaks with Chris Vokes, VP Investor Relations at Third Eye Capital, one of Canada’s leading alternative capital providers to good businesses undergoing change or special situations and the subadvisor to the Ninepoint-TEC Private Credit Fund. During their conversation, Vokes explains to Gerow how the Fund aims to recover assets from non-performing borrowers and why he is optimistic about the future of the asset-based lending space.

Specifically, Gerow and Vokes discuss:

  • The current portfolio construction of Third Eye Capital and the Ninepoint-TEC Private Credit Fund
  • An overview of asset-based loans and what backs these loans
  • The Fund’s recent evolution within the management team and its impact on distributions
  • The Fund’s target gross rate of return for borrowers and how they calculate this figure
  • How many loans are in the United States compared to Canada and how geography impacts the Fund
  • The Fund’s current industry allocation and issuer breakdown
  • The potential impact of Federal Reserve policy, inflation and interest rates on the Fund

You can listen to Gerow and Vokes entire conversation here. As always, please do not hesitate to contact us at (416) 945-6228 with any questions.

 

 

Important Information: 

Warren Gerow is an independent investment wealth consultant at Sightline Wealth Management. 

Sightline Wealth Management LP (“Sightline”) is an investment dealer and is a member of the Investment Industry Regulatory Organization of Canada (IIROC) and the Canadian Investor Protection Fund (CIPF). Sightline provides management and investment advisory services to high-net-worth individuals and institutional investors primarily through fee-based accounts. 

Sightline Wealth Management LP is a wholly owned subsidiary of Ninepoint Financial Group Inc. (“NFG Inc.”). NFG Inc. is also the parent company of Ninepoint Partners LP, it is an investment fund manager and advisor and exempt market dealer. By virtue of the same parent company, Sightline is affiliated with Ninepoint Partners LP. Information and/or materials contained herein is for information purposes only and does not constitute an offer to sell or solicitation to purchase securities of any issuer or any portfolio managed by Sightline Wealth Management or Ninepoint Partners, including Ninepoint managed funds. 

Sightline Wealth Management (“Sightline”) makes every effort to ensure that the information has been derived from sources believed to be reliable and accurate. However, Sightline assumes no responsibility for any losses or damages, whether direct or indirect, which arise out of the use of this information. Sightline is not under any obligation to update or keep current the information contained herein. The information should not be regarded by recipients as a substitute for the exercise of their own judgment. Past performance is not indicative of future performance. Please speak to your Advisor regarding the suitability of information provided in this article for you. The opinions, estimates, projections and/or recommendations contained in this document are those of the author as of the date hereof.

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