First Eagle Credit Opportunities Fund

Jon Dorfman is one of the smartest people in the business. "Investors have realized 100% of fixed income doesn't need to be 100% liquid, " Snyder said. The fund seeks to raise $2 billion to invest primarily in private and public credit assets—including direct lending, middle-market "club" loans, syndicated bank loans and high yield bonds. First Eagle Alternative Credit is the brand name for one of the subsidiary investment advisers engaged in the alternative credit business. SVB collapse means more stock-market volatility: What investors need to know as U. rescues depositors. Private credit involves an investment in non-publicly traded securities which are subject to illiquidity risk. Name and address of agent for service). The private credit market, which represents the least liquid side of the portfolio, is part of a $1. Net proceeds from the issuance of notes will be used to purchase a €400m portfolio of predominately first lien European senior secured... February 19, 2019Napier Park Global Capital ("Napier Park") today announced that Joseph Lane has been named Vice Chairman of the Napier Park and was appointed to the firm's leadership team as a member of the Management Committee. Before you invest, you should be aware of various risks, including those described below. First Eagle Investments announced that the First Eagle Credit Opportunities Fund had recently eclipsed $500 million in managed assets. 1 billion as of that same date. ) 50 percent distribution fee, and 0. We also respect individual opinions––they represent the unvarnished thinking of our people and exacting analysis of our research processes.

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First Eagle Credit Opportunities

First Republic Bank gets funding boost from Fed, JPMorgan. "We have helped folks for many years with the accumulation phase of their investment journey, and we felt it was an appropriate time to get into the private credit markets and help them with the distribution phase, " says Snyder. We are pleased to see the Fund continue to build momentum within the retail space. 52 Week Avg Return N/A. Registrant's telephone number, including area code: (212) 698-3300. Interval funds offer quarterly liquidity of up to 5% of the outstanding shares, meaning it would be difficult to redeem a client's entire investment all at once, especially if there are a lot of investors seeking liquidity. 42 years, First Eagle is betting on the growing appeal of the interval fund wrapper. On a pro forma basis to include the recent acquisition of Napier Park Global Capital, First Eagle's total assets under management are approximately $121. 529 College Savings. "I have not encountered anyone who sees rates going anywhere but up in next 12 to 18 months, " Hickey said. The First Eagle Credit Opportunities Fund seeks current income with an emphasis on risk-adjusted returns, and is roughly 50% opportunistic and 50% direct-lending and private credit focused. Report it on our feedback forum. With a 2021 total return of nearly 11%, including a 7% income yield, the First Eagle Credit Opportunities Fund is likely to continue gaining appeal among financial advisers working with clients hungry for strategies that fit the income side of the portfolio.

First Eagle Credit Opportunities Fund Fact

There is no assurance that First Eagle Alternative Credit will correctly evaluate the value of the assets collateralizing the Fund's investments or the prospects for a successful reorganization or similar action in respect of any company. All investments involve the risk of loss of principal. Friday, May 6, 2022 • 12:00pm ET. Principal Executive Officer). The management fee for both Class A and Class I shares is 1. FEF Distributors, LLC (Member SIPC) distributes First Eagle products; it does not provide services to investors. Registrant First Eagle Credit Opportunities Fund. Robert Hickey, one of six managers working on the fund, said a hypothetical example of an investment on the opportunistic side would be a bank like JPMorgan lending $1 billion to company like Boeing and then spreading its risk exposure by syndicating off most of the loan to other investors. Direct lending is a form of corporate debt provision in which lenders other than banks make loans to companies without intermediaries such as an investment bank, a broker or a private equity firm. 8 billion hedge fund spun out of Citigroup Inc., is investing $362 million in a railcar leasing venture, betting on an industry favored... March 01, 2013NEW YORK – March 1, 2013 – Napier Park Global Capital, a global alternative asset management firm,... March 22, 2022Napier Park Global Capital, a global alternative credit management firm, announced today that its European Credit Strategy was named winner in the category "Credit - Over USD 500mln" at the With Intelligence EuroHedge Awards 2021. Silicon Valley Bank depositors will get 'all of their money, ' regulators say.

First Eagle Funds Website

Fidelity Alternative Investments Program. Retirement Distributions. Any statistics contained herein have been obtained from sources believed to be reliable, but the accuracy of this information cannot be guaranteed. Investors should consider Common Shares of the Fund to be an illiquid investment. 1345 Avenue of the Americas. Investors searching for a source of income could look to credit funds with attractive yields. Investments are not FDIC insured or bank guaranteed and may lose value. Please read our prospectus carefully before investing. First Eagle Investments is an independent, privately owned investment management firm headquartered in New York with approximately $101. "Through the Credit Opportunities Fund, we are pleased to leverage our team's extensive experience across market cycles to capitalize on these opportunities as they emerge. There was no proxy voting activity for First Eagle Credit Opportunities Fund (the "Fund") because the Fund did not hold any votable positions during the reporting period.

First Eagle Credit Opportunities Fund Lp

"The volatile, uncertain investment environment since the Fund's launch has created numerous opportunities in the public and private credit markets for disciplined, research-driven managers, " said Chris Flynn, President of First Eagle Alternative Credit. ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED. 446% Series B Fixed Rate Notes ("Series B Notes", and together with the Series A Notes, the "Notes").

First Eagle Credit Opportunities Fund Ticker

First Eagle interval fund offers healthy income in exchange for liquidity. Copies of Communications to: Nathan J. Greene, Esq. After 3 years, Japan lifts COVID mask rules — but most people are still wearing them. The Fund's ability to receive payments in connection with the loan depends primarily on the financial condition of the borrower. A syndicated loan is financing offered by a group of lenders called a syndicate who work together to provide funds for a borrower. Mehdi Mahmud, President. 5 billion through credit funds, US and European collateralized loan obligations (CLOs), and real assets, predominantly for... July 25, 2022Lynher Energy ("Lynher") today announced it has acquired rights to build two solar battery farms, in aggregate of 96MW, and two independent battery facilities, in aggregate of 100MWh, at adjacent sites in the UK.

First Eagle Small Cap Opportunity Fund

Date of reporting period: July 1, 2021 – June 30, 2022. 25 percent shareholder servicing fee. Current performance may be higher or lower than the performance shown. In the world of interval funds, which are named for their reduced liquidity compared to mutual funds, this one is relatively straight forward, and is accessible to retail class investors with a $2, 500 minimum investment. Maintaining independence and editorial freedom is essential to our mission of empowering investor success. As a closed-end interval fund registered under the Investment Company Act of 1940, as amended, the Credit Opportunities Fund offers investors quarterly liquidity, giving the portfolio managers greater flexibility to invest in alternative income-generating assets like private credit and syndicated loans that historically have provided higher yields relative to traditional securities in exchange for reduced liquidity. The Cayman Issuer also issued a Series E Note representing the equity interest in BBIRD Cayman, which was acquired by... March 05, 2021Napier Park's credit strategy claimed the top spot in the Creditflux 2020 HF rankings. Capital Gain (YTD)|. Net proceeds from the issuance of notes will be used to purchase a $475 million portfolio of predominately first lien senior secured loans. The firm's investment capabilities include equity, fixed income, alternative credit and multi-asset strategies. Washington, D. C. 20549.

These bonds have a higher risk of default or other adverse credit events, but offer higher yields than investment-grade bonds in order to compensate for the increased risk. Class I shares have an initial offering price of $25. Bitcoin, ether rally as Fed announces new emergency loan program for banks. Secured and senior debt is paid first, in the event a company runs into financial trouble. An investment in the Fund is not suitable for investors who need certainty about their ability to access all of the money they invest in the short term. Officials at the pension fund have informed Creditflux that Napier Park has been awarded $300 million for what they describe as a "specialised and complex" credit strategy to invest in "hedged credit". These opinions are not intended to be a forecast of future events, a guarantee of future results, or investment advice. "Any floating-rate coupon in the portfolio will go up in response to the Fed, and everything in the portfolio is floating, with the exception of a small percentage of high yield and cash. Build Your Free Plan. The level of analytical sophistication, both financial and legal, necessary for successful investment in distressed assets is unusually high.

Managers were desperately trying to cut losses and... November 06, 2014Regatta V Funding Ltd, a cash flow collateralized loan obligation managed by Napier Park Global Capital, was launched on November 6, 2014. Date of fiscal year end: December 31. Sustainable Investing. Qualified Purchaser is defined within the meaning of Section 2(a)(51) of the Investment Company Act of 1940, as amended. There are no holdings to display. Net proceeds from the issuance of notes will be used to purchase a €200m portfolio of predominately first lien European senior secured... January 14, 2020Napier Park Global Capital ("Napier Park"), an alternative asset management platform with more than $14 billion in assets under management, today announced that Nadja Marcoz was named a Partner of the firm. 5 billion per year from 2018 through 2020, but last year that total jumped to $19 billion.

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