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.

August 6, 2020 Chris Flynn | Direct Lending Investment Committee | First Eagle Alternative Credit | Jim Fellows | Michelle Handy | Terry Olson | THL Credit Phil Neuffer

THL Credit Rebrands as First Eagle Alternative Capital BDC

THL Credit will change its name to First Eagle Alternative Capital BDC in connection with the approval of a new advisory agreement between the company and First Eagle Alternative Credit, which was formerly known as THL Credit Advisors.

July 24, 2020 First Eagle Alternative Credit | First Eagle Investment Management | THL Credit Phil Neuffer

First Eagle Adds Asset-Based Lending Unit, Klaff and Galeota to Lead

First Eagle Alternative Credit added asset-based lending solutions to its direct lending platform and appointed industry veterans Larry Klaff and Lisa Galeota to lead the initiative. Klaff and Galeota joined First Eagle from Gordon Brothers Finance Company.

July 13, 2020 Chris Flynn | First Eagle Alternative Credit | Larry Klaff | Lisa Galeota Phil Neuffer

THL Credit Approves Investment Management Agreement with First Eagle

The shareholders of THL Credit, a direct lender to middle market companies, approved entry into an investment management agreement with First Eagle Alternative Credit, formerly known as THL Credit Advisors.

May 29, 2020 Chris Flynn | First Eagle Alternative Credit | THL Credit | THL Credit Advisors Phil Neuffer