Jack Snyder, National Sales Manager at First Eagle Investment Management joins Julie Cooling, Founder & CEO, RIA Channel to discuss the firm’s Credit Opportunities Fund and the key benefits of accessing the asset class via an interval fund structure.
Founded in 1864, First Eagle has a strong heritage as a global value manager and well over a century of experience delivering long-term capital appreciation to investors. In 2020, First Eagle expanded its offering through the acquisition of THL, which is the private credit arm of Thomas H.D. Partners. “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.
The First Eagle Credit Opportunities Fund seeks current income with an emphasis on risk-adjusted returns, and is roughly 50% opportunistic and 50% direct-lending and private credit focused. 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.
To learn more, register and watch First Eagle’s upcoming presentation:
Private Markets Playbook: Private Credit
Friday, May 6, 2022 • 12:00pm ET
3 CFP / IWI / CFA CE credits
The Private Credit course aims to provide a practical playbook specifically for financial advisors. Join us for this 3 hour, interactive program which will cover topics such as:
- Maximizing Private Credit Access & Portfolio Benefits
- Trends, Opportunities, Risks & Asset Allocation Considerations
- BDCs, Direct Lending, Fixed, Alternative Income, Middle Market Opportunities & More