First Eagle Alternative Credit Archives

First Eagle Alternative Credit Closes Fifth Direct Lending Fund at More than $1B

First Eagle Alternative Credit, the $21 billion credit platform of First Eagle Investments, closed its fifth direct lending fund at more than $1 billion in total available capital, including leverage.

July 28, 2022 Chris Flynn | direct lending fund V | First Eagle Alternative Credit Ian Koplin

First Eagle Alternative Credit Provides $20MM Term Loan to Nicole Miller

First Eagle Alternative Credit, the alternative credit platform of First Eagle Investments, provided a $20 million term loan to Nicole Miller, a global fashion and lifestyle brand.

First Eagle and WhiteHawk Provide Funding for Jessica Simpson Collection Repurchase

Jessica Simpson and her business partner/mother, Tina Simpson, repurchased and now fully own the Jessica Simpson Collection. Jessica Simpson and Tina Simpson self-financed the purchase, with First Eagle Alternative Credit and WhiteHawk Capital providing additional funds.

Giordano Joins First Eagle Alternative Credit as CFO

First Eagle Alternative Credit (FEAC), an alternative credit manager, appointed Edward Giordano as chief financial officer overseeing FEAC’s finance, accounting and operations functions. He succeeds Terry Olson, who retired on June 30, 2021.

September 10, 2021 Chris Flynn | Edward Giordano | First Eagle Alternative Credit | Terry Olson Ian Koplin

BHI and First Eagle Provide $100MM Refinancing for Xcel Brands

BHI and First Eagle Alternative Credit refinanced Xcel Brands’ existing credit facility with a $25 million term loan as well as an additional $25 million for acquisitions. First Eagle Alternative Credit also provided an additional $50 million acquisition facility.

Olson to Retire as CFO/COO of First Eagle Alternative Credit

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.

January 21, 2021 Chris Flynn | First Eagle Alternative Credit | Highland Capital Partners | PricewaterhouseCoopers | Terry Olson Phil Neuffer

First Eagle Investment Management Launches Alternative Credit Interval Fund

First Eagle Investment Management launched First Eagle Credit Opportunities Fund, a multi-sector portfolio investing primarily in private and public credit assets, including direct lending, middle market “club” loans, syndicated bank loans and high yield bonds.

December 3, 2020 Christopher J. Flynn | First Eagle Alternative Credit | First Eagle Credit Opportunities Fund | First Eagle Investment Management | Robert Bruno Ellie Delany

First Eagle Closes Lake Shore MM CLO III at $318MM

First Eagle Alternative Credit, an alternative credit manager, closed Lake Shore MM CLO III at $318 million, marking the company’s third collateralized loan obligation that includes middle market leveraged loans. Citi served as lead manager, structuring agent and bookrunner.

October 19, 2020 Chris Flynn | Citi | First Eagle Alternative Credit | Michael A. Herzig Ellie Delany

First Eagle Alternative Credit Gets ‘A’ from UN PRI on ESG Strategy and Governance

First Eagle Alternative Credit received ‘A’ grades from the UN Principles for Responsible Investment (PRI) for its overarching approach to ESG strategy and governance and for ESG integration across all modules relevant to its investment activities.

August 26, 2020 Brian Good | Chris Flynn | First Eagle Alternative Credit | UN Principles for Responsible Investment Phil Neuffer

First Eagle Alternative Credit Appoints Handy to Direct Lending Investment Committee

First Eagle Alternative Credit appointed Michelle Handy, a managing director and head of portfolio and underwriting for the firm’s direct lending platform, to its direct lending investment committee.

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