Third Eye Capital appointed David Steele president and chief operating officer, effective Aug. 15.
Previously, Steele served as the Canadian president and CEO of Russell Investments, a global investment firm, where he led and executed the strategic direction of the Canadian business. During his tenure, Steele spearheaded the growth and expansion of the Canadian business through new distribution partners and product growth, including new alternative investment solutions.
“As an industry veteran and proven leader, we are delighted to welcome David to Third Eye Capital,” Arif Bhalwani, CEO of Third Eye Capital, said. “David’s career has been nothing short of impressive, successfully delivering strong results and expanding investment capabilities, all while effectively cultivating a culture built on trust, engagement and inclusion. He was instrumental in the transformation and enhancement of all the business units he has led, and I am confident that David has the skills and vision to allow us to continue to scale and grow.”
In his new role at Third Eye Capital, Steele will be responsible for overseeing the company’s operational and administrative functions, including strategic planning, finance and accounting, performance and risk management, and compliance. The role will also encompass fostering stakeholder relationships, mentoring the team, overseeing financial performance, identifying business growth opportunities and promoting the company’s corporate culture.
“I am thrilled to join Third Eye Capital and eager to build upon the strong foundation laid by Arif and his team over the past two decades,” Steele said. “It is a pivotal time in the alternative asset industry, and Third Eye’s compelling track record and edge in navigating complex situations make it ideally positioned to meet the evolving needs of sophisticated investors.”
Steele will be investing alongside existing Third Eye Capital insiders in committing an aggregate of at least $20 million to the firm’s latest fund launch, which is expected to close later this year. Third Eye Capital insiders are among the top three investors of the company’s total private debt assets under management.
