{"id":37160,"date":"2025-01-08T02:01:00","date_gmt":"2025-01-08T02:01:00","guid":{"rendered":"https:\/\/fundselectorasia.com\/?p=37160"},"modified":"2025-01-10T03:54:51","modified_gmt":"2025-01-10T03:54:51","slug":"amundi-launches-private-credit-fund-with-first-eagle","status":"publish","type":"post","link":"https:\/\/fundselectorasia.com\/amundi-launches-private-credit-fund-with-first-eagle\/","title":{"rendered":"Amundi launches private credit fund with First Eagle"},"content":{"rendered":"\n<p>Amundi and First Eagle have launched a private credit fund to allow non-US investors access to First Eagle\u2019s US private credit strategy.<\/p>\n\n\n\n<p>The private credit sub-fund will be a feeder fund into First Eagle\u2019s main strategy, where it will invest at least 85% of assets. The strategy focuses primarily on US mid-cap companies with an EBITDA between $5m and $50m.<\/p>\n\n\n\n<p>Fannie Wurtz, head of distribution and wealth division for the passive business line at Amundi, said: \u201cThe search for enhanced diversification, current income and additional sources of return is a common trend for a variety of professional investors, from institutions to wealth managers and HNWIs, who are increasingly shifting their allocation models.&nbsp;<\/p>\n\n\n\n<p>\u201cThis is why we believe the launch of the Sub-Fund comes at an opportune time and offers a compelling investment opportunity for a wide range of investors in Europe, the Middle East and Asia.\u201d<\/p>\n\n\n\n<p>Amundi and First Eagle have maintained a partnership for over 25 years. The strategy will be managed by Michelle Handy, CIO of direct lending; Robert Hickey, CIO of tradable credit; Larry Klaff, head of asset-based lending; and Garrett Stephen and Brian Murphy, co-heads of origination.<\/p>\n\n\n\n<p>\u201cWe are excited to partner with Amundi to bring access to First Eagle\u2019s US private credit strategy to the global market,\u201d Handy said.<\/p>\n\n\n\n<p>\u201cBy leveraging our 15-year track record of managing direct lending portfolios across various market environments, 50-plus investment professionals and a unique focus on lower US middle market borrowers, we believe the Sub-Fund should resonate with professional investors globally, in our view.\u201d<\/p>\n\n\n\n<p><a href=\"https:\/\/portfolio-adviser.com\/amundi-launches-private-credit-fund-with-first-eagle\/\"><em>This article first appeared in our sister publication Portfolio Adviser.<\/em><\/a><\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>It will act as a sub-fund for First Eagle\u2019s US private credit strategy.<\/p>\n","protected":false},"author":76136,"featured_media":10635,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_featured_image_position":"","newspack_post_subtitle":"","footnotes":""},"categories":[6916,6908],"tags":[1274,11422,11421,11423,7182],"series":[],"class_list":["post-37160","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-alternatives","category-fund-news","tag-amundi","tag-fanie-wurtz","tag-first-eagle","tag-michelle-handy","tag-private-credit","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.2 - 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