First Eagle Funds

First Eagle Investments traces its origins to 1864 when the family owned bank, Arnhold Brothers, was established in Dresden, Germany. In 1928, it purchased Adler Bank in Switzerland, which would contribute to its future name, as "Adler" was German for "Eagle". In 1931, the firm merged with S. Bleichröder to form Arnhold and S. Bleichroeder. The company’s leadership emigrated to New York City and resumed operations on Wall Street in 1937, followed by launching its first offshore fund, First Eagle Fund N.V., in 1967 and its first U.S.-registered mutual fund, the First Eagle Fund of America, in 1987.

In 1999, Arnhold and S. Bleichroeder acquired a majority stake in Société Générale Asset Management, the asset management arm of the French bank Société Générale. The transaction positioned the firm to advise the First Eagle Funds, including the SocGen International Fund, later renamed the First Eagle Global Fund. The team managing these strategies became First Eagle's Global Value Team.

In 2002, the firm exited its investment banking operations and global businesses to focus solely on investment management. In 2007, private equity firm TA Associates purchased a minority interest in the company. Two years later in 2009, the firm was renamed First Eagle Investment Management.

In 2015, Blackstone Inc. and Corsair Capital acquired a majority stake in the firm.

First Eagle expanded its alternative credit capabilities through the acquisition of NewStar Financial in 2017, followed by the acquisition of THL Credit Advisors in 2020, later renamed First Eagle Alternative Credit.

In 2021 the firm established a new Small Cap team under the leadership of Bill Hench who had previously managed key small cap strategies and funds at Royce Investment Partners. The same year, the firm changed its name into First Eagle Investments.

In 2022, First Eagle Investments completed the acquisition of Napier Park Global Capital, an alternative credit manager with approximately $19.5 billion in assets under management. The deal expanded First Eagle’s alternative credit platform and allowed the firm to diversify its investment offerings.

In 2023, the firm establish a new High Yield Municipal Credit team under the leadership of John Miller, who had previously spent almost three decades leading a municipal team at Nuveen Investments.