First Eagle Alternative Credit General Information

Description

First Eagle Alternative Credit is an experienced alternative credit investment manager for both direct lending and tradable credit investments through public and private vehicles, commingled funds including collateralized loan obligations, and separately managed accounts. Founded in 2007, FEAC's Direct Lending strategy invests primarily in directly originated first lien secured loans to private equity sponsor-backed companies. In June 2012, FEAC expanded its credit platform to include Tradable Credit strategies when it acquired Chicago-based McDonnell Investment Management, LLC's Alternative Credit Strategies group. FEAC's Tradable Credit platform invests in syndicated bank loans, structured credit, and high-yield securities through CLOs, separate accounts, and various fund formats. On January 31, 2020, First Eagle Investment Management, LLC ("First Eagle") completed the acquisition of THL Credit. First Eagle originally established a private credit group (First Eagle Private Credit) in connection with its acquisition of NewStar Financial, Inc. in 2017. The combined businesses are integrated as First Eagle Alternative Credit.