First Eagle Investments (First Eagle) is to acquire Napier Park Global Capital (Napier Park), an alternative credit manager with approximately USD18.7 billion in assets under management as of 31 December, 2021, predominantly for institutions through credit funds, US and European collateralised loan obligations, and real assets.
As an autonomous, wholly owned unit of First Eagle Investments, Napier Park will go to market as “Napier Park, a First Eagle Investments Company” and maintain its investment approach, business focus and client service.
First Eagle Investments is an independent, privately owned investment firm with approximately USD110.5 billion in assets under management as of 31 December, 2021. The acquisition of Napier Park significantly broadens First Eagle’s capabilities in the large and diverse alternative credit market, enabling it to offer clients exposure to opportunistic US and European credit, US mortgages and consumer debt, US municipal debt and equipment leasing. It also enhances the size and scope of the firm’s CLO footprint, including the addition of European CLO management.
