Investment Strategies

Investment Capabilities

Disciplined, unconventional thinking and a global perspective drive First Eagle to seek attractive real returns across economic cycles while maintaining a strong emphasis on mitigating downside risk.

Investment Strategies

Investment Capabilities

Disciplined, unconventional thinking and a global perspective drive First Eagle to seek attractive real returns across economic cycles while maintaining a strong emphasis on mitigating downside risk.

  • Equities

    AUM: $65.1B

    Adopting a business-owner mindset in an effort to build resilient portfolios of stocks across geographies and market capitalizations.

    • Global
    • US Small Cap
  • Fixed Income & Currencies

    AUM: $6.9B

    Applying vigorous underwriting discipline to income-oriented opportunities in investment grade and non-investment grade securities.

    • Currency Management
    • High Yield
    • Investment Grade
    • Short-Term Liquidity
    • Sovereign Debt
  • Alternative Credit

    AUM: $39.3B*

    Searching for differentiated  sources of risk and return, income and hedging potential in less traditional credit markets.

    • Asset Based Lending
    • CLO Equity & Debt
    • European Bank Loans
    • European CLO Management
    • European Credit
    • Global Credit Derivatives
    • US Leveraged Loans
    • US CLO Management
    • US Direct Lending
    • US Mortgage & Consumer
    • US Municipals
  • Real Assets

    AUM: $10.0B*

    Leveraging the scarcity inherent in essential long-duration physical assets in an effort to grow capital over time.

    • Aviation
    • Gold
    • Industrial Equipment
    • Listed Real Assets
    • Railcar
    • Renewable Energy
  1. *The total pro forma AUM represents the combined AUM of First Eagle Investments and Napier Park Global Capital as of June 30, 2022. It includes $1.5 billion of committed and other non-fee-paying capital from First Eagle Alternative Credit and $0.9 billion of committed and other non-fee-paying capital from Napier Park, inclusive of assets managed by Regatta Loan Management LLC. Pro forma results are for illustrative purposes only and are not actual performance results. The pro forma results reflect a business combination that had not yet taken place and may differ materially from actual performance results.

First Eagle’s investment strategies are offered through a variety of structures to accommodate a broad range of client mandates, including:

  • Mutual funds
  • Managed accounts
  • Private funds
  • Separate accounts
  • Interval funds
  • Collective investment trusts (CITs)
  • Collateralized loan obligations (CLOs)
  • UCITS funds

Investment Culture

Differentiated investment approaches; an undivided commitment to long-term client outcomes.

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First Eagle Investments over time has deliberately sought to nurture an investment-led culture supported by a set of core investment tenets that encourages philosophical autonomy among our portfolio management teams in pursuit of client goals. 

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