Founded in 2007, First Eagle Alternative Credit, LLC. (FEAC) is an alternative credit investment manager with over $17 billion in assets under management as of December 31, 2024. FEAC manages private credit and broadly syndicated investments across two platforms, Direct Lending and Tradable Credit.

Our over $11 billion Tradable Credit platform invests in non-investment grade credit, notably secured bank loans, structured credit, and high-yield securities. Utilizing intensive credit research combined with a dynamic trading approach, we are one of the longest tenured and most experienced loan managers in the leveraged loan space.

With over a decade of investing in private credit, our over $5 billion Direct Lending platform provides bespoke financing solutions to the traditional US middle market through directly originated and privately negotiated cash-flow and asset-based loans. With an emphasis on sponsor-backed businesses the team invests in first lien, senior secured loans leveraging diverse deal networks and deep industry and underwriting expertise.