MBI/TEC Private Debt Opportunities Fund holds 3rd close

Photo of author

By Ted Liu

MBI/TEC Private Debt Opportunities Fund I, LP has recently held a third close, bringing total capital commitment to $[mepr-active rule=”374″ ifallowed=”hide”]Subscriber ONLY content: read our research and get insight on this and other deals. We offer monthly or yearly recurring or one-time trial subscriptions. Subscribe today and see what you have been missing! [/mepr-active][mepr-active rule=”374″]296.5 million from 18 institutional investors from Quebec and Newfoundland and Labrador. [/mepr-active]

MBI/TEC Private Debt is a partnership between Montrusco Bolton Inc. (MBI) and Third Eye Capital (TEC), offering “an absolute return solution with low correlation to markets” to institutional investors.

MBI/TEC Private Debt overview

  • Unique approach: Expertise in private debt and corporate management/operations
  • Portfolio of private loans to middle-market companies
  • Advice to businesses helps increase returns by participating in their growth
  • Closed-end fund (6 years): Captures the illiquidity premium and reduces negative carry from cash drag to increase returns
  • High yield within a secured loan portfolio

Founded in 2005, Third Eye Capital specializes in providing innovative debt financing solutions to primarily middle-market Canadian companies that are overlooked or underappreciated by conventional sources of capital.