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Brief background if you need it: Third Eye Capital CEO Arif N. Bhalwani, CFA and I finally got to talk. For an hour and 39 minutes yesterday. In his telling, Arif is a refugee from Uganda turned Bay Street success story. He definitely has the accoutrements of success: a fancy home in Forest Hill, a family foundation making big donations to Upper Canada College and Branksome Hall and even a Hospital thing named after him (the Bhalwani Familial Cancer Clinic at the Princess Margaret Cancer Center). He is now based at that high cathedral of Canadian capitalism, Brookfield Place. The stomping grounds of Gerry Schwartz, CFA and Bruce Flatt, CFA. Arif oversees a more modest $3B AUM though. By the standards set by some on Bay Street (e.g. Michele Romanow), his rise has been more methodical than meteoric. But over more than fifteen years, Arif has built perhaps the most notable private debt operation in the country. Unfortunately, killjoy OPM Wire had to start poking around. Our initial post on the Ninepoint Third Eye Capital Fund raised questions about the status of several loans in the fund. Ninepoint (Arif's partner in the fund and famously, Bridging Finance's former BFF) claims the blog post caused a wave of redemptions forcing them to freeze the $1.5B fund earlier this year. The fund has been in limbo ever since and a vote is pending on a restructuring proposal.