First Eagle Investments

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 2015, Blackstone Inc. and Corsair Capital acquired a majority stake in the firm. In February 2025, Blackstone Group initiated a sale of its majority stake in the firm, seeking to capitalize on growth in the asset management sector. First Eagle’s assets had grown by approximately 50% since Blackstone’s 2015 investment. In August 2025, First Eagle announced that leading private equity firm Genstar Capital had made a majority investment in the firm. ==Funds==

As of 2025, First Eagle Investments has five investment teams: Global Value, Small Cap, Municipal Credit, First Eagle Alternative Credit, and Napier Park. Prominent funds managed by First Eagle Investments include: First Eagle Global Fund, the firm’s flagship offering, First Eagle Overseas Fund focused on non-U.S. companies, First Eagle U.S. Fund investing primarily in U.S. equities, and First Eagle Gold Fund providing exposure to gold and gold-mining stocks. In fixed income, the First Eagle High Yield Municipal Fund targets below-investment-grade bonds, and the firm’s credit-oriented offering is the First Eagle Credit Opportunities Fund. In the ETF space, First Eagle launched the First Eagle Global Equity ETF and the First Eagle Overseas Equity ETF, which seek long-term capital appreciation by investing primarily in a diversified portfolio of equity securities issued by companies located throughout the world. Two additional active equity ETFs were launched in January 2026. ==References==