Home

Articles from First Eagle Investments

First Eagle Investments Announces Closing of Majority Investment by Genstar Capital
First Eagle Investments (“First Eagle”), an independent, privately owned investment management firm, today announced the closing of a majority investment in the company by private equity funds managed by Genstar Capital (“Genstar”), a leading private equity firm focused on targeted segments of the financial services, software, healthcare and industrials sectors. First announced in March, the deal bolsters First Eagle’s ongoing strategy of investing in its core business while also thoughtfully expanding the range of high-quality, differentiated investment solutions available to clients globally.
By First Eagle Investments · Via Business Wire · August 18, 2025
First Eagle Short Duration High Yield Municipal Fund Surpasses $1 Billion in Assets
First Eagle Investments ("First Eagle") today announced that the First Eagle Short Duration High Yield Municipal Fund (I Shares: FDUIX; A Shares: FDUAX; R6 Shares: FDURX) surpassed $1 billion in total assets as of June 30, 2025. Launched in January 2024, the fund’s growth reflects sustained investor interest in short duration, tax-advantaged income strategies in what remains a dynamic interest rate environment.
By First Eagle Investments · Via Business Wire · July 23, 2025
First Eagle Investments Launches Real Estate Debt Fund Offering Access to Private and Public Credit Opportunities
First Eagle Investments (“First Eagle”) is pleased to announce the recent launch of the First Eagle Real Estate Debt Fund (A-2 Shares: FNRLX; A-3 Shares: FIRLX; A-4 Shares: FRRLX; I Shares: FERLX) (the “Fund”),1 managed by Napier Park Global Capital, a First Eagle Investments Company. The Fund seeks to provide attractive risk-adjusted returns and current income by investing across private and public real estate debt markets, with a focus on investment opportunities in residential real estate.2 The Fund is structured as a closed-end interval fund and intends to elect to be taxed as a real estate investment trust (REIT), providing investors with advantaged tax treatment3 in an investor-friendly wrapper.
By First Eagle Investments · Via Business Wire · June 11, 2025
First Eagle Investments Expands Fixed Income Platform with Launch of Tactical Municipal Opportunities Fund
First Eagle Investments ("First Eagle") today announced the launch of the First Eagle Tactical Municipal Opportunities Fund (Class I: FTAIX), the firm’s first municipal bond interval fund. Designed for investors seeking high current income exempt from regular federal income tax, the Fund also pursues capital appreciation as a secondary objective.
By First Eagle Investments · Via Business Wire · June 2, 2025
Rémi Casals Joins First Eagle Investments as Head of International Wealth Solutions
First Eagle Investments ("First Eagle") today announced the appointment of Rémi Casals as Executive Managing Director, Head of International Wealth Solutions (IWS). Casals leads the team responsible for the firm’s international wholesale distribution business, which comprises approximately $10 billion in assets through its partnership with Amundi Asset Management and its Ireland-based ICAV investment offerings. He joins the firm’s Partnership Committee and reports directly to Mehdi Mahmud, President and Chief Executive Officer.
By First Eagle Investments · Via Business Wire · May 27, 2025
First Eagle Investments Appoints Justin Arabadjief as Head of High Grade Trading on Municipal Credit Team
First Eagle Investments ("First Eagle") today announced the appointment of Justin Arabadjief as Head of High Grade Trading on the firm’s Municipal Credit team. Based in New York, he will report to David Blair, Head of the Municipal Core SMA Business, and Bryce Pickering, Head of Municipal Credit Trading.
By First Eagle Investments · Via Business Wire · May 12, 2025
First Eagle Investments Offers Private Credit Fund for Income-Oriented Investors
First Eagle Private Credit Fund (the “Fund”) is pleased to announce the launch of its public offering. Leveraging First Eagle Investments’ long standing alternative credit experience and its disciplined approach to US direct lending, the Fund seeks to provide income-oriented investors with monthly income by investing primarily in directly originated, senior secured first lien loans to US middle-market companies. The Fund is structured as a perpetual, non-exchange-traded BDC, and intends to provide investors with quarterly liquidity through a share repurchase program, at the discretion of the Fund’s board of trustees, alongside the potential to benefit from the illiquidity premia typical of private assets.
By First Eagle Investments · Via Business Wire · April 7, 2025
First Eagle Investments Announces Majority Investment from Genstar Capital
First Eagle Investments (“First Eagle”), an independent, privately owned investment management firm, today announced it has signed a definitive agreement under which private equity funds managed by Genstar Capital (“Genstar”)—a leading private equity firm focused on investments in targeted segments of the financial services, software, healthcare and industrials industries—will make a majority investment in the company.
By First Eagle Investments · Via Business Wire · March 3, 2025
First Eagle Investments Unveils First Active Equity ETFs
First Eagle Investments (“First Eagle”) today announced the launch of its first two active exchange-traded funds (ETFs), the First Eagle Global Equity ETF (FEGE) and the First Eagle Overseas Equity ETF (FEOE), which are now available on the New York Stock Exchange. The First Eagle ETFs leverage rigorous, bottom-up research to invest in high-quality stocks trading at discounts to their “intrinsic value” *, an approach First Eagle’s Global Value team believes could help to avoid the permanent impairment of capital and drive its growth over the long term.
By First Eagle Investments · Via Business Wire · December 20, 2024
First Eagle Investments Ranked First Place in Major Employers Category for Pensions & Investments’ Best Places to Work in Money Management 2024
First Eagle Investments (“First Eagle”) is proud to announce that it has been named among the “Best Places to Work in Money Management” for 2024 by Pensions & Investments (P&I), the global news source for money management, for the second consecutive year. This year, First Eagle earned first place in the Major Employers category (500-999 employees) as part of P&I’s 13th annual survey and recognition program, which identifies the best employers in the money management industry.1
By First Eagle Investments · Via Business Wire · December 9, 2024
First Eagle Investments’ High Yield Municipal Business Hits One-Year Milestone with Record Asset Growth and Performance
First Eagle Investments ("First Eagle") today announced a milestone achievement for its High Yield Municipal Credit business under the leadership of team Head and Chief Investment Officer John Miller. Miller joined the firm on January 2, 2024, and serves as lead portfolio manager for both the First Eagle High Yield Municipal Fund (I Shares: FEHIX; A Shares: FEHAX; C Shares: FEHCX; R6 Shares: FEHRX) and First Eagle Short Duration High Yield Municipal Fund (I Shares: FDUIX; A Shares: FDUAX; R6 Shares: FDURX). Both delivered what the firm considers to be exceptional results in 2024, and significant inflows propelled the First Eagle High Yield Municipal Fund above $5 billion in total assets as of December 31, 2024. The First Eagle High Yield Municipal Fund achieved a total return of 11.95% in 2024 (I Shares: FEHIX), outperforming the S&P Municipal Yield Index* by approximately 632 basis points and ranking in the top 1% of the Morningstar High Yield Muni category. The First Eagle Short Duration High Yield Municipal Fund’s total return of 7.39% (I Shares: FDUIX) beat the S&P Short Duration Municipal Yield Index** by 314 basis points.
By First Eagle Investments · Via Business Wire · January 16, 2025
First Eagle Investments to Offer Active ETFs
First Eagle Investments (“First Eagle”) is pleased to announce the upcoming launch of two active ETFs later this year. First Eagle’s entry into the active ETF space leverages the firm’s time-tested investment approach to meet the evolving needs of clients.
By First Eagle Investments · Via Business Wire · September 25, 2024
First Eagle Investments to Expand Its High Yield Municipal Credit Team as Total Assets Surpass $3.5 Billion
First Eagle Investments (“First Eagle”) is pleased to announce the upcoming additions of three seasoned research professionals to its High Yield Municipal Credit team, whose strong investment performance has attracted significant inflows and driven total assets in the First Eagle High Yield Municipal Fund (A Shares: FEHAX; I Shares: FEHIX; C Shares: FEHCX; R6 Shares: FEHRX) above $3.5 billion. Douglas Johnston and Ryan Rosberg will join the team as Managing Directors and Senior Credit Analysts, effective November 18, 2024, while Bridget Young joins the firm today as a Director and Senior Credit Analyst. Johnston and Rosberg will be based in First Eagle’s Chicago office, with Young in New York. All three will report directly to John Miller, Head and Chief Investment Officer of the High Yield Municipal Credit team.
By First Eagle Investments · Via Business Wire · September 23, 2024
First Eagle Investments Appoints Michael Constantino as Chief Financial Officer
First Eagle Investments (“First Eagle”) is pleased to announce the appointment of Michael Constantino as the firm’s new Chief Financial Officer, effective today. In this role, he will play a pivotal role in helping to drive First Eagle’s performance and growth initiatives, identify opportunities to advance the business and create incremental value. Reporting to Mehdi Mahmud, President and Chief Executive Officer of First Eagle Investments, Constantino will oversee the Corporate Finance, Financial Planning and Analysis, Strategy and Performance Analytics teams, ensuring alignment with the firm’s strategic goals.
By First Eagle Investments · Via Business Wire · September 9, 2024
First Eagle High Yield Municipal Fund Reaches $2 Billion in Total Assets, Reflecting Investor Confidence in the Market and the Team’s Expertise
First Eagle Investments (“First Eagle”) is pleased to announce that the First Eagle High Yield Municipal Fund (A Shares: FEHAX; I Shares: FEHIX; C Shares: FEHCX; R6 Shares: FEHRX) has eclipsed $2 billion in total assets**. The Fund seeks to provide high current income exempt from regular federal income taxes; capital appreciation is a secondary objective when consistent with the Fund’s primary objective. The Fund (I Shares: FEHIX) had a distribution yield of 5.89% as of June 30, 2024, and outperformed its benchmark by 5.14% on a total return basis year to date, placing it in the top 1% of the Morningstar High Yield Muni category. The 30-Day SEC Yield (I Shares) as of June 30, 2024 was 3.44%.*
By First Eagle Investments · Via Business Wire · July 22, 2024
First Eagle High Yield Municipal Fund Surpasses $1 Billion in Total Assets
First Eagle Investments (“First Eagle”) is pleased to announce that the First Eagle High Yield Municipal Fund (A Shares: FEHAX; I Shares: FEHIX; C Shares: FEHCX; R6 Shares: FEHRX) (the “Fund”) recently surpassed $1 billion in total assets. The Fund seeks to provide high current income exempt from regular federal income taxes; capital appreciation is a secondary objective when consistent with the Fund’s primary objective. The Fund had a distribution yield of 5.70%* as of April 30, 2024, and outperformed its benchmark by 3.09% on a total return basis year to date, placing it in the top 1% of the Morningstar High Yield Muni category.
By First Eagle Investments · Via Business Wire · May 13, 2024
First Eagle Small Cap Opportunity Fund Celebrates Three-Year Anniversary
First Eagle Investments (“First Eagle”) is proud to announce the three-year anniversary of its First Eagle Small Cap Opportunity Fund (I-Share Class: FESCX). The Fund seeks long-term growth of capital by investing in small companies the portfolio management team believes to be attractively valued and poised to benefit from catalysts—such as new management, a more favorable business cycle, product innovation or margin improvement—that will drive recovery and earnings growth. With assets under management of approximately $1.9 billion as of March 31, 2024, the Fund’s widespread adoption since its inception on April 27, 2021, underscores the appeal of the team’s disciplined, active approach to opportunities on the smaller end of the capitalization spectrum.
By First Eagle Investments · Via Business Wire · April 29, 2024
First Eagle Continues to Build out High Yield Municipal Credit Team
First Eagle Investments (“First Eagle”) today announced the addition of two credit analysts to its growing High Yield Municipal Credit team. John Suh and Andrew Belsky—based in New York and Chicago, respectively—will join as credit analysts in the coming weeks and will be responsible for multi-sector underwriting, credit monitoring and portfolio analysis. Reporting to John Miller, Head and Chief Investment Officer of the High Yield Municipal Credit Team, Suh and Belsky will be the newest members of the team that also includes Bryce Pickering, Head of Municipal Trading, and Carl Katerndahl, Chief Operating Officer.
By First Eagle Investments · Via Business Wire · January 10, 2024
First Eagle Investments Named in Pensions & Investments Best Places to Work in Money Management
First Eagle Investments (“First Eagle”) today was named among the “Best Places to Work in Money Management” for 2023 by Pensions & Investments (P&I), the global news source of money management and institutional investing.1 The 12th annual survey and recognition program is dedicated to identifying the best employers in the money management industry.
By First Eagle Investments · Via Business Wire · December 11, 2023
Katie Cowan Joins First Eagle as Head of Insurance Client Solutions
First Eagle Investments (“First Eagle”) today announced the hiring of Katie Cowan as Head of Insurance Client Solutions. In this newly created role, Cowan leads First Eagle’s efforts in the insurance channel, partnering closely with the firm’s investment teams and other areas of the organization to deliver strategic solutions customized to the unique needs of these investors. She joined First Eagle on November 3, 2023, and reports to President and Chief Executive Officer Mehdi Mahmud.
By First Eagle Investments · Via Business Wire · November 29, 2023
First Eagle Continues to Build out New High Yield Municipal Credit Team with Key Hire
First Eagle Investments (“First Eagle”) today announced the hiring of Bryce Pickering as Head of High Yield Municipal Credit Trading. Pickering will be responsible for the trading activity across the High Yield Municipal Credit team’s strategies when he joins First Eagle in the coming weeks. Pickering is the newest hire for the team, joining Head and Chief Investment Officer John Miller (who starts on January 2, 2024) and Chief Operating Officer Carl Katerndahl.
By First Eagle Investments · Via Business Wire · November 15, 2023
Frank Riccio to Join First Eagle as Head of Sales and Strategic Relationships—US Wealth Solutions
First Eagle Investments (“First Eagle”) today announced the hiring of Frank Riccio, CFA, in the new role of Head of Sales and Strategic Relationships—US Wealth Solutions. Riccio joins from PIMCO and will lead the day-to-day activities of the firm’s US Wealth Solutions business while also directing its strategic course in collaboration with President and Chief Executive Officer Mehdi Mahmud and Head of US Wealth Solutions Robert Bruno. Riccio will start at First Eagle on November 13, 2023, reporting to both Mahmud and Bruno.
By First Eagle Investments · Via Business Wire · November 6, 2023
First Eagle Credit Opportunities Fund Reaches Three-Year Milestone
First Eagle Investments (“First Eagle”) today announced that the First Eagle Credit Opportunities Fund (I-Share Class: FECRX) has achieved a three-year track record.
By First Eagle Investments · Via Business Wire · September 18, 2023
First Eagle Appoints New Global Head of Consultant Relations
First Eagle Investments (“First Eagle”) today announced the hiring of Allison Shaw as Managing Director and Global Head of Consultant Relations. Based in the firm’s New York headquarters, Shaw is responsible for building and enhancing relationships with consultants globally across all investment strategies in equities and credit and broadly strengthening First Eagle’s institutional business. As one of the leaders on First Eagle’s Global Institutional team, she will also collaborate with relationship management and business development professionals across the entire firm, including First Eagle Alternative Credit and Napier Park, to elevate the profile of First Eagle’s equity-oriented and alternative credit strategies among global institutional consultants and clients. Shaw reports to Matthieu Louanges, Global Head of Institutional and Head of Non-US Wealth Solutions.
By First Eagle Investments · Via Business Wire · September 5, 2023
First Eagle Credit Opportunities Fund Garners More Assets in Wealth Solutions Channel
First Eagle Investments (“First Eagle”) today announced that the First Eagle Credit Opportunities Fund (A-Share Class: FECAX; I-Share Class; FECRX) has approximately $600 million in managed assets. The Fund seeks to provide current income with a focus on delivering attractive risk-adjusted returns over the long term through a multisector portfolio of private and broadly syndicated loans. The Fund’s institutional shares have posted a return of 5.78% since its September 2020 inception, and its distribution yield* was 10.55% as of June 30, 2023.
By First Eagle Investments · Via Business Wire · July 12, 2023
First Eagle Investments to Be Honored by Working in Support of Education (W!se)
In recognition of its ongoing effort to promote economic empowerment through financial literacy, First Eagle Investments (“First Eagle”) will be honored by Working in Support of Education (“W!se”) at its fundraising gala on June 22, 2023.
By First Eagle Investments · Via Business Wire · June 20, 2023
First Eagle Credit Opportunities Fund Continues to See Strong Adoption in Retail Channel
First Eagle Investments (“First Eagle”) today announced that the First Eagle Credit Opportunities Fund (A-Share Class: FECAX; I-Share Class: FECRX) had recently eclipsed $500 million in managed assets. The Fund, which was launched in December 2020, seeks to provide current income with a focus on delivering attractive risk-adjusted returns over the long term through a multisector portfolio that invests primarily in private and public alternative credit assets. As of August 31, 2022, the Fund’s distribution yield was 6.80%.*
By First Eagle Investments · Via Business Wire · September 14, 2022
First Eagle Investments Launches US Smid Cap Opportunity Fund
First Eagle Investments (“First Eagle”) today announced the launch of the First Eagle US Smid Cap Opportunity Fund (A-Share Class: FEMAX; I-Share Class: FESMX; R6-Share Class: FEXRX). The Fund seeks the long-term growth of capital by opportunistically investing in small and midcap companies the portfolio management team believes to be attractively valued and to have the potential to benefit from a catalyst—such as new management, a more favorable business cycle, product innovation and/or margin improvement—that may drive a recovery in earnings growth.
By First Eagle Investments · Via Business Wire · August 17, 2022
First Eagle Credit Opportunities Fund Sees Strong Demand in Retail Channel
First Eagle Investments (“First Eagle”) today announced that total assets under management in the First Eagle Credit Opportunities Fund (A-Share Class: FECAX; I-Share Class: FECRX) had eclipsed the $350 million threshold approximately 18 months since its launch. The Fund seeks to provide current income with a focus on delivering attractive risk-adjusted returns over the long term through a multi-sector portfolio that invests primarily in private and public alternative credit assets. As of December 31, 2021, the Fund’s distribution yield was 7.09%.*
By First Eagle Investments · Via Business Wire · April 13, 2022