US middle-market direct lending strategy focused on senior secured floating-rate loans to sponsor-backed mid-cap corporates. Diversified portfolio of ~100 performing credits originated by First Eagle Alternative Credit across defensive sectors.
Key figures
Net assets$1M
Target TWR10–11%
Underlying companies90
Average EBITDA$25M
Strategy
Fund typeFund of funds
Asset classPrivate Credit
StrategyDirect Lending
Target geographyNorth America
Market segmentMid-market
Investor eligibilityWealth / Institutional
BenchmarkSOFR+500bps
Fund management team
MH
Michelle Handy
Senior Managing Director, CIO Direct Lending — First Eagle Alternative Credit · Amundi
RO
Robert O'Brien
Managing Director, Portfolio Manager — First Eagle Alternative Credit · Amundi
LK
Larry Klaff
Senior Managing Director, Head of Asset-Based Lending — First Eagle Alternative Credit · Amundi
BM
Brian Murphy
Senior Managing Director, Head of Capital Markets — First Eagle Alternative Credit · Amundi