Its role Investor / Financier
Third Eye Capital Corporation is a privately held Canadian alternative investment firm specializing in private debt and special situation financing. Headquartered in Toronto, Ontario, it was founded in 2005 by Arif Bhalwani and David Alexander to provide customized capital solutions to companies undergoing change, growth, or restructuring that traditional lenders often overlook.
The firm offers senior secured loans, term facilities, revolving credit lines, and equity kickers, typically in the $50-250 million range, with a focus on asset-based lending and operational expertise. It operates across Canada and the United States, targeting sectors including renewable energy, natural resources, technology, healthcare, and construction services. Third Eye Capital emphasizes collateral, active management, and value creation beyond standard financial metrics.
As of recent reports, the firm has deployed more than $5 billion across over 150 investments and manages assets for institutional and high-net-worth clients. It maintains a minority ownership stake from Kudu Investment Management since 2021. In the renewable fuels industry, it has acted as senior lender to Aemetis and facilitated equity investments through affiliates in biogas and RNG projects.
Third Eye Capital positions itself as a leading provider of flexible, relationship-oriented private credit in the Canadian market, distinguishing itself through entrepreneurial decision-making and long-term partnership with portfolio companies.
Also known as TEC.
chemXplore tracks 1 project involving Third Eye Capital, of which one is active.
Provisional LCFS pathways approved for six dairy digesters, effective Oct 1, 2026, with an average carbon intensity of −351.
Dairy RNG output and a September 45Z model revision lifted tax‑credit revenue and profitability while Keyes MVR progress and two new digesters expand capacity.
Two digesters added to a 14-unit network feeding 36 miles of pipeline to a Keyes RNG plant; Keyes fueling station to begin truck deliveries in November 2026.
Revenue rose 20% to $62.7M; operating income turned positive; Adjusted EBITDA $9.7M; Dairy RNG volumes grew 38%; two dairy digesters expected Q3 2026.
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