M&A - First Eagle Private Credit Fund
Form Type: 8-K
Filing Date: 2025-03-07
Corporate Action: Acquisition
Type: New
Accession Number: 000119312525049922
Filing Summary: On March 3, 2025, First Eagle Holdings, Inc. announced a definitive agreement for funds managed by Genstar Capital to make a majority investment in First Eagle Holdings, Inc. This investment involves the buyout of interests currently held by funds indirectly controlled by Blackstone Inc. and Corsair Capital LLC, alongside certain related co-investors. The completion of the transaction is anticipated in the second half of 2025, contingent on customary closing conditions including necessary client consents and regulatory approvals. The transaction is classified as an 'assignment' of the current investment advisory agreements, leading to their automatic termination, with a proposal for new advisory agreements planned for Board and shareholder approval. The transaction is not expected to change the portfolio management or investment objectives of the Fund.
Document Link: View Document
Additional details:
Date Of Earliest Event Reported: 2025-03-03
Company Name: First Eagle Holdings, Inc.
Investor Name: Genstar Capital
Current Investor Blackstone: Blackstone Inc.
Current Investor Corsair: Corsair Capital LLC
Transaction Completion Period: second half of 2025
New Investment Advisory Agreements: New Advisory Agreements
Fund Name: First Eagle Private Credit Fund
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