First Eagle to Sell Majority Stake to Genstar Capital

First Eagle Investments, an independent investment management firm, has entered into a definitive agreement with Genstar Capital whereby Genstar will acquire a majority stake in the company. This investment will enable First Eagle to maintain its client-centric focus and operational independence while expanding its investment capabilities and client reach. The transaction comes as a result of changes in ownership by private equity funds managed by Corsair Capital and Blackstone, which have held the majority economic interest in First Eagle since 2015. First Eagle's leadership and investment philosophy will remain intact, ensuring continuity in its strategic growth. As part of this arrangement, Genstar aims to leverage First Eagle's strong market position and investment-led culture to capitalize on growth trends within the investment management industry. With its new partnership with Genstar, First Eagle looks to enhance its suite of services and accelerate growth through acquisitions and organic expansions. The financial and legal support for the transaction is being managed by key advisors, including Morgan Stanley and Moelis & Company, with closure expected in the second half of 2025, contingent upon regulatory approvals.