First Eagle Alternative Credit

Flexible, customized finance solutions for middle market companies

First Eagle Alternative Credit

Flexible, customized finance solutions for middle market companies

First Eagle Alternative Credit is an experienced alternative credit investment manager with approximately $21.7 billion of assets under management1. Headquartered in Boston, with personnel located in Chicago, Dallas, Los Angeles, and New York, we pride ourselves on having a national presence with a strong regional focus.
Our Direct Lending and Tradable Credit investment strategies are predominantly focused on making senior secured loans to US companies via both the private and traditional syndicated markets. Our reputation in the market as a collaborative, responsible lender is a reflection of our people. We strive to be close to our borrowers, partners, and investors building trusted relationships over time.

1. As of December 31, 2023

    A Measured Approach to Growth

    • 2007

      THL Credit was formed as a credit affiliate of Thomas H. Lee Partners L.P., one of the world’s oldest and most experienced private equity firms.

    • 2009

      Launch of our total return strategies managed by our Tradable Credit Team.

    • 2010

      THL Credit, Inc. (NASDAQ: TCRD) went public as an externally managed direct lending fund, structured as a business development company (BDC). Now known as First Eagle Alternative Capital BDC, Inc. (NASDAQ: FCRD).

    • 2011

      Launch of our first direct lending private fund.

    • 2012

      Diversified our credit platform by acquiring Chicago-based McDonnell Investment Management, LLC’s Alternative Credit Strategies group. Many of whom continue to work together on our Tradable Credit Team.

    • 2019

      Launch of our middle market CLO strategy.

    • January 2020

      First Eagle Investment Management acquired THL Credit, complementing its private credit platform first established through the acquisition of NewStar Financial in December 2017. The combined private credit platform is named First Eagle Alternative Credit.*

    • 2021

      Direct Lending platform AUM crosses $5 billion.

    1. *

      First Eagle Alternative Credit is the brand name for First Eagle Alternative Credit, LLC.

    Responsible Investing

    Seeking to provide opportunistic, innovative investment solutions in the private credit and broadly syndicated loans markets.

    FEAC-Our Businesses-Responsible Investing

    A global transition is now underway to finance a more resilient, transparent and sustainable economy. First Eagle Alternative Credit strives to demonstrate leadership in responsible investing in the credit management sector.

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    Leadership

    Our reputation in the market as a collaborative, responsible lender reflects our leadership and our entire professional staff. We strive to be close to our investors and partners, building trusted relationships over time.

    Ed Giordano Headshot

    Ed Giordano

    Chief Operating Officer and Chief Financial Officer of FEAC
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    Careers

    First Eagle Alternative Credit is a leading manager of direct lending and tradable credit investments.

    Our professionals tend to have long careers at our organization because of its private and independent ownership structure and its collegial, small-team environment. We are always seeking talented, motivated and accomplished individuals to join our team.

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    If that sounds like you, we invite you to send us your resume at HumanResources@feim.com or visit our career opportunities page to learn more about our open roles.

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