is an opportunistic investor focused on lower middle market credit situations often overlooked by market participants.

Our broad capabilities allows for diverse investment types including loan acquisitions, direct lending and special situations.

Three Line’s principals have sourced, and invested over $3 billion in credit focused assets during the course of their careers.

- Thousands of transactions
- Hundreds of counterparties
- Multiple structures

The seasoned principals have more than 60 years of collective experience in alternative credit investing, and the team has jointly managed assets since 2009 across three separate investment vehicles.

Three Line’s primary investment tenet is to protect our capital against downside loss in order to enhance upside returns.


Bicycle kilometres


Cups of coffee


Bicycle kilometres




private debt

High Yield

special situations

Orphaned Assets
Structured Finance
Secondary Interests

target inv. size

$1mm to $25mm


United States


Real Estate
Commercial C&I
Equity Interests




Benjamin Bornstein
Mr. Bornstein has over 30 years of commercial investment experience, including more than two decades in asset-based lending, and more than 13 years’ experience as an investment fund portfolio manager. Since 2005, Bornstein has acquired and managed over $300 million in commercial loan investments. Prior to his fund management experience, he worked at GE Capital from 1995-2005, first as corporate counsel, then as a mergers and acquisitions executive, and finally as the head of the US non-performing loan acquisition operations within GE’s Global Financial Restructuring business. While at GE Capital, Bornstein acquired over $300 million in NPL investments, and over $1.2 billion in performing loan portfolios. Prior to his employment at GE, he practiced law in the corporate restructuring groups at Mayer Brown and Fried Frank in Chicago and New York.
Robert China
Mr. China has over 22 years of commercial investment experience, which include 20 years at the Fortress Investment Group (“Fortress”). During his tenure at Fortress Mr. China was responsible for sourcing, underwriting or managing more than $3 billion of credit-focused investments within the Fortress Credit business line. While a member of the credit team, he was exposed to various investment products including loan originations, non-performing loans, secondary LP interests in corporate and real estate partnerships as well as distressed debt and various other orphaned assets. From 2012-2016, and through various economic cycles, Mr. China co-headed Fortress’s joint ventures and orphaned assets group, sourcing, underwriting, structuring and asset managing numerous types and manner of illiquid investments.  Prior to working at Fortress, Mr. China was a senior accountant with Deloitte & Touche in their New York office.
Reed Gillis
Mr. Gillis has over 20 years of real estate investment and lower middle market special situation experience. During his career Mr. Gillis has provided full-service, customized capital solutions to community, regional, and money center banks as a principal purchaser of performing, distressed, and real estate owned assets completing over $1 billion in transactions. Mr. Gillis has also been involved in multiple transactions in the lower middle market space focusing on companies in need of senior debt restructuring or operational turnaround across the United States. Mr. Gillis is an active member of the Turnaround Management Association and past Rocky Mountain Chapter President in 2017.
Vincent Thompson
Mr. Thompson is a veteran of the hedge fund and alternative investments business, having held senior business development and investor relations roles for both emerging and blue chip managers. Mr. Thompson was Director of Marketing for JP Morgan Incubator Strategies, a private equity vehicle that seeded hedge fund managers.  Following JPMorgan, he was a Senior Relationship Manager for Brevan Howard, a large global macro hedge fund that also managed a significant credit investment business. There he managed the firm’s largest US and Canadian investor relationships and helped the firm grow from $20 to $40 billion in assets under management. Most recently, he was Director of Investor Relations and Marketing for Parplus Partners, a NY based volatility arbitrage hedge fund. Mr. Thompson has an MBA from Columbia Business School and received his BA from the University of Vermont.