Blackreef
Capital Partners

Technology Focused Boutique Merchant Bank, Debt and Capital Advisory Firm For M&A, Private Equity and Venture Capital

Proficient Execution

Leveraging unmatched value through profound domain expertise and a vast network of global relationships.

Capital Formation

Empowering businesses through strategic capital allocation and expert banking services. We invest in your company's future, providing not just funds but also comprehensive financial management, enabling growth and long-term success.

Debt Advisory

Tailored financing solutions for businesses. Our expertise spans Purchase Order Financing, Asset-Based Lending (ABL), Cash Flow-Based Lending, Project Financing, and Venture Debt.

Growth Advisory & Equity

Our applied expertise helps leadership teams execute optimal growth strategies via capital raising, M&A, joint ventures, strategic partnerships, and add-on transactions. We also provide transaction execution, due diligence analysis, and market positioning to drive business expansion and success.

Merchant Banking

Empowering businesses through strategic capital allocation and expert banking services. We invest in your company's future, providing not just funds but also comprehensive financial management, enabling growth and long-term success.

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Mergers & Acquisitions

Our senior bankers leverage extensive industry relationships and strategic expertise to guide clients through both buy-side and sell-side transactions. We deliver premium valuations, tailored solutions, and seamless execution to ensure successful outcomes.

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Recent Track Record

Summary of recent transactions completed in the private and public sectors, equity raises, debt raises, M&A advisory.

BlackRock
$3B; Capital formation for Canadian spin-off Fund (IA Capital)
AIP Realty (Public)
$128M equity; Merchant Banking
Gresham
€575M; Fund III & IV financing and capital strategy
Palio
$250M; Capital formation for Fund II
Volt Lithium (Public)
$10M equity raise; Merchant Banking
New Stratus Energy (Public)
$10M growth equity
Signature Dividend Corp.
$19.5M acquisition capital, M&A advisory
Athabasca Oil Sands
$20M early stage
Bulldog Energy
$20M early stage
Futerwell & Subsidiaries
$10M allocation; Merchant Banking
C21 Cannabis
$30M growth equity; Merchant Banking
America’s Petrogas
$20M allocation & growth equity
Renegade Petroleum
$50M early stage

About BlackReef

Blackreef  is a premier merchant bank, debt and capital advisory firm with over $15 billion in aggregate transaction volume. With 20+ years of capital markets experience combined and more than 2,000 investor relationships, we specialize in delivering bespoke financial solutions, including capital formation, debt advisory, growth equity, merchant banking, venture capital and mergers & acquisitions. Our team’s deep expertise and global relationships enable us to guide businesses through complex financial landscapes, ensuring strategic growth and long-term success.

Led by Surf Thomas, Blackreef, stands out for its ability to seamlessly integrate advanced technology to deploy marketing strategies into capital markets. Our innovative approach ensures that every transaction is supported by compelling investor narratives and strategic positioning, helping clients elevate their market presence while securing capital. We pride ourselves on delivering exceptional outcomes with integrity, transparency, and precision across every transaction.

Surf Thomas

Managing Partner

Surf is a recognized leader in software development and venture backed startup space. Helping raise over $10 million in venture for multiple technology start ups, Surf has mastered the art of driving growth through raising funds and advising companies. He pioneered the innovative Organic Outbound methodology that Blackreef employs to structure transactions, leveraging his deep expertise to deliver successful outcomes.

Toni Campbell

General Partner

Oluwatoni "Toni" Campbell leads early-stage investing in technology companies that are transforming Africa’s economic landscape. With a proven track record of structuring and executing strategic investments, he is an expert in capital deployment and advisory. His deep expertise in managing over $550M in credit and fixed income portfolios at Arcadia Funds, LLC has equipped him with the skills to structure complex financial strategies, including the co-development of a $1.3B specialty credit fund focused on technology-enabled finance lenders. This experience, along with his successful investments in high-growth African companies like TradeDepot, positions Toni as a trusted capital advisor who can optimize financial performance and deliver value to businesses and investors alike.

Toni’s strategic approach to capital advisory is further evidenced by his early career at Bessemer Venture Partners, where he sourced deals and built a network of over 3,000 companies and CEOs. His work led to multiple venture capital transactions and improved financial and operational metrics across portfolio companies.
Toni holds a BA in Social Studies from Harvard College and an MBA from Harvard Business School. Passionate about African art, culture, and cuisine, he enjoys collecting artwork and exploring how technology can drive economic growth across the continent.

Louis Garoz

Strategic Advisor

Louis Garoz, an entrepreneur with deep expertise in marketing and advertising, is a partner at Savvy Capital where he generated $13 billion in transactions. He works across industries, including large-scale finance deals helping raise over $200M for lower-mid market clients. He created the innovative strategy that Blackreef uses to conduct transactions, leveraging his unique insights to drive successful outcomes.

Kyle Asman

Strategic Advisor

Kyle has extensive experience helping clients raise capital and develop effective go-to-market strategies. Following his tenure as a banker with Goldman Sachs and Duff & Phelps, Kyle co-founded BX3, a boutique investment bank focused on capital raises and financial planning for firms at the beginning of their life cycles. Kyle is currently a managing partner of Backswing Ventures. He also assists numerous companies with valuing their businesses and financing transactions.

Liam Howe

Strategic Advisor

Liam has extensive experience leading capital advisory firms that represents over $1B in consummated transactions. He brings deal making experience and a deep network of investors across industries, verticals and geographies

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