Terry Olson, COO and CFO of First Eagle Alternative, will retire on June 30, 2021. The company will seek a replacement CFO to transition Olson’s operating responsibilities.
“On behalf of everyone at First Eagle, I extend our heartfelt gratitude to Terry for his many years of service and important contributions to our growth and success,” Chris Flynn, president of First Eagle Alternative Credit, said. “He has helped make us a better business, a more cohesive team, and played a vital role as we joined forces with First Eagle over the last year. We appreciate his commitment to assuring a seamless transition to his successor and wish him well in the future.”
Olson began his career at PricewaterhouseCoopers, providing services to public and private companies in the financial services and technology sectors for nearly 10 years. He then served for 10 years at Highland Capital Partners, a Cambridge, MA-based venture capital firm, where he was responsible for the financial, tax and operational matters of Highland’s funds.
Olson joined THL Credit Advisors in February 2008, leading financial and operations teams as well as guiding initiatives of the firm. He serves on the investment committee of the firm’s direct lending platform and as the CFO for First Eagle Alternative Capital. First Eagle Investment Management completed the acquisition of THL Credit Advisors in January 2020, subsequently changing the name of the new credit business to First Eagle Alternative Credit.
“We are extremely proud of the accomplishments over the years as we have grown this business organically and through acquisition, and the work we do every day to deliver results for our investors,” Olson said. “I’m grateful for the opportunity to have been part of a terrific executive team and am confident First Eagle Alternative Credit will continue to grow and thrive as a leading global credit platform under Chris’ leadership.”
First Eagle Alternative Credit is an alternative credit investment manager for both direct lending and broadly syndicated investments through public and private vehicles, collateralized loan obligations, separately managed accounts and co-mingled funds.
