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 views expressed herein may change at any time subsequent to the date of issue hereof. The fund's distributor is FEF Distributors LLC. 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. Wealth Management Insights. Date of reporting period: July 1, 2021 – June 30, 2022. The firm's investment capabilities include equity, fixed income, alternative credit and multi-asset strategies. 5 trillion in the next four years. What makes the strategy so appealing now is the floating-rate nature of the underlying loans, which will continue to drive income higher as the Federal Reserve continues to hike interest rates over the next several months. Floating interest rate, also known as a variable or adjustable rate, refers to any type of debt instrument, such as a loan, bond, mortgage, or credit, that does not have a fixed rate of interest over the life of the instrument. Investors should consider investment objectives, risks, charges and expenses carefully before investing. Registrant's telephone number, including area code: (212) 698-3300. 3 CFP / IWI / CFA CE credits. First Eagle Alternative Credit is the brand name for one of the subsidiary investment advisers engaged in the alternative credit business.
446% Series B Fixed Rate Notes ("Series B Notes", and together with the Series A Notes, the "Notes"). Before you invest, you should be aware of various risks, including those described below. Date August 31, 2022. 9 billion of committed and other non-fee-paying capital from Napier Park, inclusive of assets managed by Regatta Loan Management LLC. "Investors have realized 100% of fixed income doesn't need to be 100% liquid, " Snyder said. 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. With a 2021 total return of nearly 11%, including a 7% income yield, the First Eagle Credit Opportunities Fund is likely to continue gaining appeal among financial advisers working with clients hungry for strategies that fit the income side of the portfolio. To date, the distribution yield has only been derived from the Fund's net investment income and has not included borrowed funds or a return of capital. First Eagle Investment Management, LLC.
The total pro forma assets under management (AUM) represents the combined AUM of First Eagle Investments and Napier Park Global Capital as of June 30, 2022. 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. In the world of interval funds, which are named for their reduced liquidity compared to mutual funds, this one is relatively straight forward, and is accessible to retail class investors with a $2, 500 minimum investment. To further protect the integrity of our editorial content, we keep a strict separation between our sales teams and authors to remove any pressure or influence on our analyses and research. "Any floating-rate coupon in the portfolio will go up in response to the Fed, and everything in the portfolio is floating, with the exception of a small percentage of high yield and cash. Fidelity Alternative Investments Program. Skip to Main Content. A link to the Fitch Ratings New Issue report can be found... September 21, 2018Serhan Secmen, Head of US CLO Investments, is featured in the 2019 Securitisation & Structured Finance... September 13, 2018Regatta XIV Funding Ltd, a cash flow collateralized loan obligation managed by Napier Park Global Capital, was launched on September 13, 2018. Current performance may be higher or lower than the performance shown. Investments are not FDIC insured or bank guaranteed and may lose value.
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. Read our editorial policy to learn more about our process. Copies of Communications to: Nathan J. Greene, Esq. Direct lending is a form of corporate debt provision in which lenders other than banks make loans to companies without intermediaries such as an investment bank, a broker or a private equity firm. Oscars recap: The best speeches, biggest snubs and other viral moments from the 2023 Academy Awards. MANAGEMENT INVESTMENT COMPANY. Name and address of agent for service). That level of loan-to-value represents a kind of insurance against default, Hickey said. First Eagle Investments is an independent, privately owned investment management firm headquartered in New York with approximately $101. The information provided is not to be construed as a recommendation or an offer to buy or sell or the solicitation of an offer to buy or sell any security. Total Net Assets N/A.
SVB collapse means more stock-market volatility: What investors need to know as U. rescues depositors. Sustainable Investing. The Cayman Issuer also issued a Series E Note representing the equity interest in BBIRD Cayman, which was acquired by... March 05, 2021Napier Park's credit strategy claimed the top spot in the Creditflux 2020 HF rankings. New York, New York 10105. Tax Forms & Information. Robo Investing Plus Advice. 1345 Avenue of the Americas. 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. Because the distribution yield is annualized from a single month's distribution, no investor actually received the yield in a given year. While the strategy includes regularly moving parts to capture yield, especially in the current rising interest-rate environment, the portfolio is broadly divided into two main categories: opportunistic credit, which often includes purchasing chunks of syndicated loans, and private credit, where First Eagle is the direct lender and underwriter.
PROXY VOTING RECORD. Napier Park partly credits its 2020 high performance to early and active de-risking, raising cash and hedging pre-Covid. These opinions are not intended to be a forecast of future events, a guarantee of future results, or investment advice. Private credit involves an investment in non-publicly traded securities which are subject to illiquidity risk. Officials at the pension fund have informed Creditflux that Napier Park has been awarded $300 million for what they describe as a "specialised and complex" credit strategy to invest in "hedged credit". New York NY - 10105.
We are pleased to see the Fund continue to build momentum within the retail space. Marcoz is based in Napier Park's New York... January 08, 2020Napier Park Global Capital has emerged as the winner for a highly sought-after $500 million illiquid credit mandate for Los Angeles County Employees Association, according to recently released board documentation. The Fund may not be able to pay distributions or may have to reduce distribution levels if the income and/or dividends the Fund receives from its investments decline. U. S., South Korea begin drills after North Korean submarine missile test. Friday, May 6, 2022 • 12:00pm ET. Address of principal executive offices) (Zip code). Principal Executive Officer).
The yield represents a distribution and does not represent the total return of the Fund. Seeking Alpha - Go to Homepage. Silicon Valley Bank depositors will get 'all of their money, ' regulators say. They are senior in the capital structure and have a first claim on the assets of the borrower. Jon Dorfman is one of the smartest people in the business. 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.
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