First Eagle Alternative Credit, LLC

Fee-Only (% of Portfolio)

First Eagle Alternative Credit (FEAC) manages investments in direct lending, asset-based lending, and broadly syndicated investments for private funds, institutional clients, collateralized loan obligations, and registered funds. FEAC's investment teams operate independently, focusing on capital preservation and building relationships with portfolio companies.

Assets Under Management$17B
Clients89
AdvisorsN/A
Avg. per Client$190M
Avg. per AdvisorN/A

Fee Structure

Investment management only (planning not offered)

FEAC manages investments for various types of clients, including private funds and institutional accounts. The fees vary depending on the type of investment strategy:

  • Direct Lending and Asset-Based Lending: Management fees typically range from 0.45% to 1.25%, potentially based on gross assets, capital contributions, or invested capital.
  • Tradable Credit: Management fees generally range from 0.20% to 0.75% per year, with lower rates for non-discretionary accounts. Breakpoints may be offered for larger accounts.

FEAC may also receive performance-based fees from certain clients.

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First Eagle Alternative Credit, LLC | TrueAdvisor