Genstar Capital to Take Over First Eagle Investments

On August 18, 2025, First Eagle Investments announced the closing of a majority investment in the company by private equity funds managed by Genstar Capital, a San Francisco-based private equity firm focused on targeted segments of the financial services, software, healthcare and industrials sectors. First announced in March 2025, the deal bolsters First Eagle’s ongoing strategy of investing in its core business while also thoughtfully expanding the range of high-quality, differentiated investment solutions available to clients globally. With approximately $161 billion in assets under management as of June 30, 2025, First Eagle manages equity, fixed income, alternative credit and multi-asset strategies grounded in a benchmark-agnostic, downside-aware approach. The closing also marks the successful exit of previous majority owners Blackstone Group and Corsair, which first invested in First Eagle in 2015. Over nearly a decade of partnership, First Eagle broadly diversified its product suite, most notably through the acquisition of alternative credit capabilities. They also expanded its distribution footprint across institutional and wealth channels.