THREE LINE CAPITAL

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.

44

Bicycle kilometres

41

Cups of coffee

44

Bicycle kilometres

INVESTMENT CRITERIA

LOAN ACQUISITIONS

Performing
Sub-Performing
Non-Performing

private debt

High Yield
Bridge
DIP
Exit
Rescue
Rediscount

special situations

Orphaned Assets
Structured Finance
Secondary Interests

target inv. size

$1mm to $25mm

GEOGRAPHY

United States
Canada
Select
Jurisdictions

collateral

Real Estate
Commercial C&I
Equity Interests

structure

Senior
Subordinate
Mezzanine
Preferred

PARTNERS

Benjamin Bornstein
Partner
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
Partner
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.
Peter Tobin
Partner
Mr. Tobin has over 20 years of real estate investment experience. Mr. Tobin was a founding member of Mission Capital Advisors, LLC in 2002, where he served as the exclusive advisor to banks, special servicers, government agencies and other financial institutions in the valuation, sale and portfolio management of non-performing loans and REO assets. At Mission, Mr. Tobin was responsible for management of all commercial loan sale activities, as well the procurement and management of FDIC/FHLB portfolio valuation, loan sale and structured sale advisory contracts. While at Mission Capital, Tobin led his team in over $4 billion in loan sale mandates, and $20 billion in valuation mandates. As part of the Indigo and Three Line Capital investment management teams, Tobin has sourced and managed over $75 million in commercial loan investments.