With a heritage dating back to 1864, First Eagle has helped its clients avoid permanent impairment of capital and earn attractive returns through widely varied economic cycles—a tradition that is central to its mission today. The First Eagle Credit Opportunities fund is one of only three interval funds offered to RIAs on the Schwab Institutional No Transaction Fee (iNTF) platform, and the only interval fund in this program that provides access to private credit. The yield represents a distribution and does not represent the total return of the Fund. First Eagle Investment Management, LLC. For a more complete discussion of the risks of investing in the Fund, see the Fund's prospectus under the heading, "Principal Risks of the Fund.
The closed-end interval fund structure provides access to an institutional-quality alternative credit portfolio, with quarterly liquidity, no accredited investor or qualified purchaser requirements, no sub docs, or K1s and offers ease of use and scalability across an advisor's entire book of business. Join us for this 3 hour, interactive program which will cover topics such as: - Maximizing Private Credit Access & Portfolio Benefits. Pursuant to the requirements of the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. We hear his thoughts on the current market volatility and his insight into potential future... March 30, 2022First Eagle Investments ("First Eagle") today announced a definitive agreement to acquire Napier Park Global Capital ("Napier Park"), a leading alternative credit manager with approximately $18. A link to the Fitch Ratings presale report can be found... March 30, 2017London, March 30th 2017 - Investors Choice Awards 2017 for the EMEA & APAC region has announced its... October 20, 2016Regatta VII Funding Ltd, a cash flow collateralized loan obligation managed by Regatta Loan Management, and for which Napier Park Global Capital acts as staff and services provider as well as structuring and advisory services provider, was launched on October 20, 2016. "But they are growing now because the need for yield is alive and well. Investment Strategy. Qualified Purchaser is defined within the meaning of Section 2(a)(51) of the Investment Company Act of 1940, as amended. According to Jack Snyder, First Eagle's head of retail alternative sales, interval funds overall raised about $9. Investment in private and middle market companies is highly speculative and involves a high degree of risk of credit loss, and therefore the Fund's securities may not be suitable for someone with a low tolerance for risk. Beta / Standard Deviation. "Investors have realized 100% of fixed income doesn't need to be 100% liquid, " Snyder said.
446% Series B Fixed Rate Notes ("Series B Notes", and together with the Series A Notes, the "Notes"). For more information you can review our Terms of Service and Cookie Policy. The Private Credit course aims to provide a practical playbook specifically for financial advisors. Total Net Assets N/A. Investors should consider investment objectives, risks, charges and expenses carefully before investing. These bonds have a higher risk of default or other adverse credit events, but offer higher yields than investment-grade bonds in order to compensate for the increased risk. The fund is part of the lineup from First Eagle Investments, a $109 billion asset management firm. The distributions might not be made in equal amounts, and one month's distribution may be larger than another. The Fidelity Advantage. The pro forma results reflect a business combination that had not yet taken place and may differ materially from actual performance results. "We have helped folks for many years with the accumulation phase of their investment journey, and we felt it was an appropriate time to get into the private credit markets and help them with the distribution phase, " says Snyder. Dedicated to providing prudent stewardship of client assets, the firm focuses on active, fundamental and benchmark-agnostic investing, with a strong emphasis on downside mitigation. A link to the Fitch Ratings report can be found... May 17, 2014Napier Park European Credit Opportunities Fund was ranked #7 in Barron's Top 100 Hedge Funds.
Senior security is one that ranks higher in terms of payout ranking, ahead of more junior or subordinate debt. Latest News All Times Eastern. Please read our prospectus carefully before investing. Distribution yield indicates the annual yield received if the most recent composite Fund monthly distribution paid was the same for an entire year. FOR PERIOD JULY 1, 2021 TO JUNE 30, 2022. "The volatile, uncertain investment environment since the Fund's launch has created numerous opportunities in the public and private credit markets for disciplined, research-driven managers, " said Chris Flynn, President of First Eagle Alternative Credit. 3 CFP / IWI / CFA CE credits.
2023 Oscars: A list of all the winners, as 'Everything Everywhere' dominates. The Fund is required to rely on the ability of the First Eagle Alternative Credit's investment professionals to obtain adequate information to evaluate the potential returns from investing in these companies. First Eagle Investments is the brand name for First Eagle Investment Management, LLC and its subsidiary investment advisers. Fixed Income, Bonds & CDs. The yield is calculated by annualizing the most recent composite monthly distribution paid by the Fund and dividing it by the Fund's average month-to-date NAV from the as-of date. The strategy also does not use leverage and was not under any pressure to sell assets at any time, instead it had ample liquidity... March 05, 2021Credit hedge fund managers which were able to assess rapid fluctuations across markets and react accordingly performed best last year.
We are pleased to see the Fund continue to build momentum within the retail space. Registrant's telephone number, including area code: (212) 698-3300. We provide a platform for our authors to report on investments fairly, accurately, and from the investor's point of view. If you have an ad-blocker enabled you may be blocked from proceeding. Investments are not FDIC insured or bank guaranteed and may lose value. New York NY - 10105.
Data Link's cloud-based technology platform allows you to search, discover and access data and analytics for seamless integration via cloud APIs. These materials are provided for informational purposes only. To continue, please click the box below to let us know you're not a robot. Maintaining independence and editorial freedom is essential to our mission of empowering investor success. "By focusing on senior-secured assets and investing across multiple sectors and risk profiles, we look to generate this current income alongside attractive downside protection compared to other higher-yielding fixed income strategies. Returns quoted represent past performance which is no guarantee of future results. Is this happening to you frequently?
Company Information. AUM as of October 31, 2022.