FIRST EAGLE ALTERNATIVE CREDIT, LLC
Adviser information for FIRST EAGLE ALTERNATIVE CREDIT, LLC last updated from Form ADV on March 28th, 2024. Select data displayed; additional Form ADV, Form D, Form 13F and other data is available from the Fincoded API.
Advisory Business
| Type of Organization | Limited Liability Company |
|---|---|
| Fiscal Year End | DECEMBER |
| Legal Location | Delaware, United States |
Employees
| Total Number of Employees | 123 |
|---|---|
| Investment Advisory/Research | 63 |
| Registered Broker-Dealer Representatives | 8 |
| Registered State Investment Advisers | 0 |
| Licensed Agents of an Insurance Company | 0 |
| No. of Firms/People that Solicit Clients | 0 |
RAUM
| Provides Management of Securities Portfolios | Yes |
|---|
| Type | Accounts | RAUM |
|---|---|---|
| Discretionary | 98 | $19.9B |
| Non-Discretionary | 1 | $3.6M |
| Total | 99 | $19.9B |
Clients
| Type | Number | RAUM |
|---|---|---|
| Individuals | 0 | $0 |
| HNW Individuals | 0 | $0 |
| Banking or thrift institutions | 0 | $0 |
| Investment companies | 2 | $995.1M |
| Business development companies | 1 | $259.9M |
| Pooled investment vehicles | 89 | $17.9B |
| Pension and profit sharing plans | 0 | $0 |
| Charitable organizations | 0 | $0 |
| State or municipal gov entities | <5 | $3.6M |
| Other investment advisers | <5 | $0 |
| Insurance companies | <5 | $67.9M |
| Sovereign wealth funds and foreign official institutions | <5 | $746.5M |
| Corporations or other businesses | 0 | $0 |
| Other | 0 | $0 |
| Type | Number |
|---|---|
| No. of Non-RAUM Clients | 3 |
| No. of Non-U.S. Clients | 75 |
Services
| Advisory Services | Portfolio management for investment companiesPortfolio management for pooled investment vehiclesPortfolio management for businesses or institutional clients |
|---|---|
| Compensation | % of AUMPerformance-based feesSEE SCHEDULE D MISC. |
| Other Business Activities | Registered representative of a broker-dealerCommodity pool operator or commodity trading advisor |
Principal Office
500 BOYLSTON STREETSUITE 1250
BOSTON
MA
United States
Monday - Friday, 9 AM - 5PM
Tel: 800-450-4424, Fax: 617-848-4300
Chief Compliance Officer
TELMO MARTINS
227 W. MONROE STREET
SUITE 3800
CHICAGO
IL
United States
Tel:
312-995-6480
Fax:
312-702-8198
T************@*************M
(Full email address available in API data)
Regulatory Contact
DEBORAH CHIPKIN
COMPLIANCE OFFICER
500 BOYLSTON STREET
SUITE 1250
BOSTON
MA
United States
Tel:
617-790-6040
Fax:
312-702-8198
D**************@*************M
(Full email address available in API data)
Industry Affiliates
| BLACKSTONE LIQUID CREDIT ADVISORS I LLC | Other investment adviser, including financial plannersCommodity pool operator or commodity trading advisor |
| BLACKSTONE MANAGEMENT PARTNERS L.L.C. | Other investment adviser, including financial plannersCommodity pool operator or commodity trading advisor |
| CORSAIR ADVISORS LLC | Broker-dealer, municipal securities dealer, or gov securities broker or dealer |
| CORSAIR INVESTMENTS, L.P. | Other investment adviser, including financial planners |
| CORSAIR PARTNERS MENTOR MANAGEMENT, LTD. | Other investment adviser, including financial plannersSponsor, GP, manager of pooled investment vehicles |
| FEF DISTRIBUTORS, LLC | Broker-dealer, municipal securities dealer, or gov securities broker or dealer |
| FIRST EAGLE DIRECT LENDING FUND I GP LLC | Sponsor, GP, manager of pooled investment vehicles |
| FIRST EAGLE FUND GP, LLC | Other investment adviser, including financial plannersSponsor, GP, manager of pooled investment vehicles |
| FIRST EAGLE INVESTMENT MANAGEMENT, LLC | Other investment adviser, including financial planners |
| FIRST EAGLE SEPARATE ACCOUNT MANAGEMENT, LLC | Other investment adviser, including financial planners |
| LE BREVENT RAILCAR GP LLC | Other investment adviser, including financial plannersSponsor, GP, manager of pooled investment vehicles |
| NAPIER PARK ABS INCOME FUND GP HOLDINGS LLC | Other investment adviser, including financial plannersSponsor, GP, manager of pooled investment vehicles |
| NAPIER PARK ABS INCOME FUND GP LP | Other investment adviser, including financial plannersSponsor, GP, manager of pooled investment vehicles |
| NAPIER PARK DEEP VALUE FUND II GP LLC | Other investment adviser, including financial plannersSponsor, GP, manager of pooled investment vehicles |
| NAPIER PARK DEEP VALUE FUND III GP LLC | Other investment adviser, including financial plannersSponsor, GP, manager of pooled investment vehicles |
| NAPIER PARK GLOBAL CAPITAL DELAWARE LLC | Sponsor, GP, manager of pooled investment vehicles |
| NAPIER PARK GLOBAL CAPITAL GMBH | Other investment adviser, including financial planners |
| NAPIER PARK GLOBAL CAPITAL LLC | Other investment adviser, including financial plannersCommodity pool operator or commodity trading advisor |
| NAPIER PARK GLOBAL CAPITAL LTD | Other investment adviser, including financial plannersCommodity pool operator or commodity trading advisor |
| NAPIER PARK MULTI-ASSET FUND I GP LLC | Other investment adviser, including financial plannersSponsor, GP, manager of pooled investment vehicles |
| NAPIER PARK MUNI GP LLC | Other investment adviser, including financial plannersSponsor, GP, manager of pooled investment vehicles |
| NAPIER PARK RAILCAR INVESTMENTS III GP LLC | Other investment adviser, including financial plannersSponsor, GP, manager of pooled investment vehicles |
| NAPIER PARK SELECT FUND GP HOLDINGS LLC | Other investment adviser, including financial plannersSponsor, GP, manager of pooled investment vehicles |
| NAPIER PARK SELECT FUND GP LP | Other investment adviser, including financial planners |
| NAPIER PARK STRATEGIC CLO FUND GP HOLDINGS LLC | Other investment adviser, including financial plannersSponsor, GP, manager of pooled investment vehicles |
| NAPIER PARK STRATEGIC CLO FUND GP LP | Other investment adviser, including financial plannersSponsor, GP, manager of pooled investment vehicles |
| NAPIER PARK STRATEGIC LOAN FUND GP HOLDINGS LLC | Other investment adviser, including financial plannersSponsor, GP, manager of pooled investment vehicles |
| NAPIER PARK STRATEGIC LOAN FUND GP LLC | Other investment adviser, including financial plannersSponsor, GP, manager of pooled investment vehicles |
| OLD LANE INDIA GP LLC | Other investment adviser, including financial plannersSponsor, GP, manager of pooled investment vehicles |
| REGATTA LOAN MANAGEMENT LLC | Other investment adviser, including financial plannersSponsor, GP, manager of pooled investment vehicles |
Private Funds
| Name | Type | Assets $USD | Min Investment $USD | No. Owners |
|---|---|---|---|---|
| BIGHORN VIII, LTD. | Securitized Asset Fund | $48.1M | $0.3M | 1 |
| CUTWATER 2014-I, LTD. | Securitized Asset Fund | $15.3M | $0.3M | 1 |
| CUTWATER 2015-I, LTD. | Securitized Asset Fund | $166.7M | $0.3M | 1 |
| FEPCF FOUNDERS FUND, L.P. | Private Equity Fund | $152.5M | $0.0M | 4 |
| FIRST EAGLE ALTERNATIVE CREDIT FUNDING, LLC | RISK RETENTION VEHICLE | $16.4M | $0.0M | 5 |
| FIRST EAGLE BANK LOAN SELECT MASTER FUND | UNLEVERED BANK LOAN FUND | $309.4M | $0.1M | 28 |
| FIRST EAGLE BERKELEY FUND CLO LLC | Securitized Asset Fund | $13.2M | $0.3M | 1 |
| FIRST EAGLE BSL CLO 2019-1 LTD. | Securitized Asset Fund | $381.2M | $0.3M | 1 |
| FIRST EAGLE CLARENDON FUND CLO LLC | Securitized Asset Fund | $26.4M | $0.3M | 1 |
| FIRST EAGLE CLO EQUITY FUND I, LP | CLO EQUITY FUND | $10.2M | $5.0M | 13 |
| FIRST EAGLE COMMERCIAL LOAN FUNDING 2016-1 LLC | Securitized Asset Fund | $189.6M | $0.3M | 1 |
| FIRST EAGLE DIRECT LENDING CO-INVEST III (E), LLC | PRIVATE DEBT FUND | $3.7M | $0.0M | 2 |
| FIRST EAGLE DIRECT LENDING CO-INVEST III, LLC | PRIVATE DEBT FUND | $2.3M | $0.0M | 3 |
| FIRST EAGLE DIRECT LENDING FUND III (A), LLC | PRIVATE DEBT FUND | $20.4M | $9.0M | 7 |
| FIRST EAGLE DIRECT LENDING FUND III, LLC | PRIVATE DEBT FUND | $52.6M | $0.5M | 25 |
| FIRST EAGLE DIRECT LENDING FUND IV, LLC | PRIVATE DEBT FUND | $311.9M | $5.0M | 26 |
| FIRST EAGLE DIRECT LENDING LEVERED FUND IV, LLC | Hedge Fund | $203.3M | $5.0M | 12 |
| FIRST EAGLE DIRECT LENDING V-A, LLC | PRIVATE DEBT FUND | $184.2M | $5.0M | 16 |
| FIRST EAGLE DIRECT LENDING V-B, LLC | Hedge Fund | $505.2M | $5.0M | 15 |
| FIRST EAGLE DIRECT LENDING V-C SCSP | PRIVATE DEBT FUND | $72.0M | $5.0M | 4 |
| FIRST EAGLE DIVERSIFIED CREDIT FUND-A, LLC | PRIVATE DEBT FUND | $15.5M | $5.0M | 2 |
| FIRST EAGLE DL FUND I AGGREGATOR LLC | PRIVATE DEBT FUND | $13.1M | $0.0M | 41 |
| FIRST EAGLE DL IV CO-INVEST, LLC | PRIVATE DEBT FUND | $25.4M | $5.0M | 9 |
| FIRST EAGLE LEADERSHIP, LLC | Private Equity Fund | $12.8M | $0.0M | 51 |
| FIRST EAGLE LOAN OPPORTUNITY MASTER FUND | BANK LOAN FUND | $8.9M | $0.0M | 54 |
| FIRST EAGLE PEI FUND (BLOCKER), LLC | PRIVATE DEBT FUND | $103.7M | $0.0M | 2 |
| GANNETT PEAK CLO I, LTD. | Securitized Asset Fund | $0.2M | $0.3M | 1 |
| HULL STREET CLO, LTD | Securitized Asset Fund | $11.9M | $0.3M | 1 |
| KVK CLO 2013-1 LTD. | Securitized Asset Fund | $9.5M | $0.3M | 1 |
| LAKE SHORE MM CLO I, LTD. | Securitized Asset Fund | $370.4M | $0.3M | 1 |
| LAKE SHORE MM CLO II LTD | Securitized Asset Fund | $279.6M | $0.3M | 1 |
| LAKE SHORE MM CLO IV LLC | Securitized Asset Fund | $475.3M | $0.3M | 1 |
| LAKE SHORE MM CLO V, LLC | Securitized Asset Fund | $363.0M | $0.3M | 1 |
| LJV I MM CLO LLC | Securitized Asset Fund | $280.4M | $0.3M | 1 |
| LONGFELLOW PLACE CLO, LTD | Securitized Asset Fund | $80.1M | $0.3M | 1 |
| NEWSTAR ARLINGTON SENIOR LOAN PROGRAM LLC | Securitized Asset Fund | $253.0M | $0.3M | 1 |
| NEWSTAR COMMERCIAL LOAN FUNDING 2017-1 LLC | Securitized Asset Fund | $11.2M | $0.3M | 1 |
| NEWSTAR EXETER FUND CLO LLC | Securitized Asset Fund | $16.8M | $0.3M | 1 |
| NEWSTAR FAIRFIELD FUND CLO, LTD | Securitized Asset Fund | $314.3M | $0.3M | 1 |
| SOUTH SHORE VI LLC | Securitized Asset Fund | $95.4M | $0.3M | 1 |
| SOUTH SHORE VII, LTD. | Securitized Asset Fund | $76.2M | $0.3M | 1 |
| STANIFORD STREET CLO, LTD | Securitized Asset Fund | $0.0M | $0.3M | 1 |
| WIND RIVER 2013-1 CLO, LTD. | Securitized Asset Fund | $241.9M | $0.3M | 1 |
| WIND RIVER 2013-2 CLO LTD. | Securitized Asset Fund | $364.9M | $0.3M | 1 |
| WIND RIVER 2014-1 CLO LTD. | Securitized Asset Fund | $510.8M | $0.3M | 1 |
| WIND RIVER 2014-2 CLO LTD. | Securitized Asset Fund | $481.7M | $0.3M | 1 |
| WIND RIVER 2014-3 CLO LTD. | Securitized Asset Fund | $370.5M | $0.3M | 1 |
| WIND RIVER 2014-3K CLO LTD. | Securitized Asset Fund | $365.8M | $0.3M | 1 |
| WIND RIVER 2015-1 CLO LTD. | Securitized Asset Fund | $574.3M | $0.3M | 1 |
| WIND RIVER 2016-1K CLO LTD. | Securitized Asset Fund | $331.9M | $0.3M | 1 |
| WIND RIVER 2016-2 CLO LTD | Securitized Asset Fund | $615.8M | $0.3M | 1 |
| WIND RIVER 2017-1 CLO LTD. | Securitized Asset Fund | $578.7M | $0.3M | 1 |
| WIND RIVER 2017-3 CLO LTD. | Securitized Asset Fund | $577.9M | $0.3M | 1 |
| WIND RIVER 2017-4 CLO LTD. | Securitized Asset Fund | $450.9M | $0.3M | 1 |
| WIND RIVER 2018-1 CLO LTD. | Securitized Asset Fund | $463.3M | $0.3M | 1 |
| WIND RIVER 2018-2 CLO LTD. | Securitized Asset Fund | $569.2M | $0.3M | 1 |
| WIND RIVER 2018-3 CLO LTD. | Securitized Asset Fund | $484.0M | $0.3M | 1 |
| WIND RIVER 2019-1 CLO LTD. | Securitized Asset Fund | $476.5M | $0.3M | 1 |
| WIND RIVER 2019-2 CLO LTD. | Securitized Asset Fund | $481.8M | $0.3M | 1 |
| WIND RIVER 2019-3 CLO LTD. | Securitized Asset Fund | $565.6M | $0.3M | 1 |
| WIND RIVER 2020-1 CLO LTD. | Securitized Asset Fund | $390.1M | $0.3M | 1 |
| WIND RIVER 2021-1 CLO LTD. | Securitized Asset Fund | $479.9M | $0.3M | 1 |
| WIND RIVER 2021-2 CLO LTD. | Securitized Asset Fund | $385.7M | $0.3M | 1 |
| WIND RIVER 2021-3 CLO LTD. | Securitized Asset Fund | $481.8M | $0.3M | 1 |
| WIND RIVER 2021-4 CLO LTD. | Securitized Asset Fund | $480.3M | $0.3M | 1 |
| WIND RIVER 2022-1 CLO LTD | Securitized Asset Fund | $386.6M | $0.3M | 1 |
| WIND RIVER 2022-2 CLO LTD | Securitized Asset Fund | $383.7M | $0.3M | 1 |
| WIND RIVER 2023-1 CLO LTD | Securitized Asset Fund | $490.7M | $0.3M | 1 |
| WIND RIVER CLO I LTD. | Securitized Asset Fund | $0.2M | $0.3M | 1 |
| WIND RIVER CLO II - TATE INVESTORS, LTD. | Securitized Asset Fund | $0.2M | $0.3M | 1 |
Control Persons
| Name | Type | Entity | Title | Since | Ownership |
|---|---|---|---|---|---|
| Flynn, Christopher, John | Individual | – | CO-PRESIDENT | 02/2024 | < 5% |
| Rusnak-Carlson, Sabrina | Individual | – | GENERAL COUNSEL & SECRETARY | 02/2018 | < 5% |
| FELLOWS, JAMES, RAY | Individual | – | CO-PRESIDENT & CHIEF INVESTMENT OFFICER | 02/2024 | < 5% |
| MAHMUD, MEHDI, ASIF | Individual | – | CHIEF EXECUTIVE OFFICER | 01/2020 | < 5% |
| O'CONNOR, DAVID, PAUL | Individual | – | HEAD OF LEGAL AND COMPLIANCE & CHIEF LEGAL OFFICER | 01/2020 | < 5% |
| DOW, MELANIE | Individual | – | CHIEF ADMINISTRATIVE OFFICER | 01/2020 | < 5% |
| MARGULIES, BRIAN, MICHAEL | Individual | – | HEAD OF FINANCE & TREASURER | 01/2020 | < 5% |
| FIRST EAGLE INVESTMENT MANAGEMENT, LLC | Domestic Entity | – | SOLE AND MANAGING MEMBER | 01/2020 | > 75% |
| FIRST EAGLE HOLDINGS, INC. | Domestic Entity | FIRST EAGLE INVESTMENT MANAGEMENT, LLC | MANAGING MEMBER AND PARENT COMPANY | 01/2020 | > 75% |
| BCP CC HOLDINGS L.P. | Domestic Entity | FIRST EAGLE HOLDINGS, INC. | SHAREHOLDER | 01/2020 | 50-75% |
| BLACKSTONE CAPITAL PARTNERS VI L.P. | Domestic Entity | BCP CC HOLDINGS L.P. | LIMITED PARTNER | 01/2020 | 25-50% |
| CORSAIR MENTOR L.P. | Domestic Entity | BCP CC HOLDINGS L.P. | LIMITED PARTNER | 01/2020 | 25-50% |
| CORSAIR MENTOR INVESTORS L.P. | Foreign Entity | CORSAIR MENTOR L.P. | LIMITED PARTNER | 01/2020 | > 75% |
| CORSAIR MENTOR MANAGEMENT L.P. | Foreign Entity | CORSAIR MENTOR INVESTORS L.P. | GENERAL PARTNER | 01/2020 | |
| CORSAIR CAPITAL LLC | Domestic Entity | CORSAIR MENTOR MANAGEMENT L.P. | GENERAL PARTNER | 01/2020 | |
| BLACKSTONE MANAGEMENT ASSOCIATES VI L.L.C. | Domestic Entity | BLACKSTONE CAPITAL PARTNERS VI L.P. | GENERAL PARTNER | 01/2020 | |
| BMA VI LLC | Domestic Entity | BLACKSTONE MANAGEMENT ASSOCIATES VI L.L.C. | SOLE MEMBER | 01/2020 | > 75% |
| BLACKSTONE HOLDINGS III L.P. | Foreign Entity | BMA VI LLC | MANAGING MEMBER | 01/2020 | 50-75% |
| BLACKSTONE HOLDINGS III GP L.P. | Domestic Entity | BLACKSTONE HOLDINGS III L.P. | GENERAL PARTNER | 01/2020 | |
| BLACKSTONE HOLDINGS III GP MANAGEMENT L.L.C. | Domestic Entity | BLACKSTONE HOLDINGS III GP L.P. | GENERAL PARTNER | 01/2020 | |
| BLACKSTONE INC. | Domestic Entity | BLACKSTONE HOLDINGS III GP MANAGEMENT L.L.C. | SOLE MEMBER | 01/2020 | > 75% |
| BCP CC HOLDINGS GP L.L.C. | Domestic Entity | BCP CC HOLDINGS L.P. | GENERAL PARTNER | 01/2020 | |
| CORSAIR IV FINANCIAL SERVICES CAPITAL PARTNERS L.P. | Foreign Entity | BCP CC HOLDINGS GP L.L.C. | MEMBER | 01/2020 | 50-75% |
| CORSAIR IV MANAGEMENT L.P. | Foreign Entity | CORSAIR IV FINANCIAL SERVICES CAPITAL PARTNERS L.P. | GENERAL PARTNER | 01/2020 | |
| CORSAIR PARTNERS MENTOR MANAGEMENT, L.P. | Foreign Entity | CORSAIR MENTOR L.P. | GENERAL PARTNER | 01/2020 | |
| CORSAIR CAPITAL, L.P. | Foreign Entity | CORSAIR CAPITAL LLC | SOLE MEMBER | 01/2020 | > 75% |
| CORSAIR CAPITAL GROUP, LTD. | Foreign Entity | CORSAIR CAPITAL, L.P. | GENERAL PARTNER | 01/2020 | |
| VAYU INVESTORS LLC | Domestic Entity | CORSAIR CAPITAL FEEDER, L.P. | LIMITED PARTNER | 07/2021 | 25-50% |
| JAYANTI, DHARMA, TEJA IGNACIO | Individual | VAYU INVESTORS LLC | SOLE MEMBER | 01/2020 | > 75% |
| JAYANTI, DHARMA, TEJA IGNACIO | Individual | CORSAIR CAPITAL GROUP, LTD. | MEMBER | 01/2020 | > 75% |
| CORSAIR CAPITAL LLC | Domestic Entity | CORSAIR IV MANAGEMENT L.P. | GENERAL PARTNER | 01/2020 | |
| BLACKSTONE CAPITAL PARTNERS VI L.P. | Domestic Entity | BCP CC HOLDINGS GP L.L.C. | MEMBER | 01/2020 | 50-75% |
| CORSAIR CAPITAL LLC | Domestic Entity | CORSAIR PARTNERS MENTOR MANAGEMENT, L.P. | GENERAL PARTNER | 01/2020 | |
| CORSAIR CAPITAL PARTNERS, L.P. | Foreign Entity | CORSAIR MENTOR MANAGEMENT L.P. | LIMITED PARTNER | 01/2020 | > 75% |
| CORSAIR CAPITAL PARTNERS, L.P. | Foreign Entity | CORSAIR IV MANAGEMENT L.P. | LIMITED PARTNER | 01/2020 | > 75% |
| CORSAIR CAPITAL PARTNERS GROUP, LTD. | Foreign Entity | CORSAIR CAPITAL PARTNERS, L.P. | GENERAL PARTNER | 01/2020 | |
| Giordano, Edward, Joseph | Individual | – | CHIEF FINANCIAL OFFICER | 09/2021 | < 5% |
| CORSAIR CAPITAL FEEDER, L.P. | Domestic Entity | CORSAIR CAPITAL, L.P. | LIMITED PARTNER | 07/2021 | > 75% |
| CORSAIR CAPITAL GROUP, LTD. | Foreign Entity | CORSAIR CAPITAL FEEDER, L.P. | GENERAL PARTNER | 07/2021 | |
| MARTINS, TELMO, RICARDO | Individual | – | CHIEF COMPLIANCE OFFICER | 12/2022 | < 5% |