First Eagle Investments completed the acquisition of alternative credit manager Napier Park Global Capital. The acquisition of Napier Park has significantly broadened First Eagle’s capabilities in the large and diverse alternative credit market.
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 Investments reported that the total assets under management in its First Eagle Credit Opportunities Fund eclipsed the $350 million threshold approximately 18 months since its launch. As of Dec. 31, 2021, the fund’s distribution yield was 7.09%.
First Eagle Investments entered into a definitive agreement to acquire Napier Park Global Capital, an alternative credit manager.