Genstar Capital invests majority in First Eagle Investments, bolstering growth strategy.

First Eagle Investments, a privately owned investment management firm, has closed a majority investment deal with Genstar Capital, a private equity firm. The deal will help First Eagle invest in its core business and expand its offerings to clients globally, while preserving its independence and investment-led culture. The deal's value is approximately $161 billion.

First Eagle Investments, a privately owned investment management firm, has closed a majority investment deal with Genstar Capital, a prominent private equity firm. The transaction, announced on August 18, 2025, will facilitate First Eagle’s ongoing strategy of investing in its core business while expanding its range of high-quality, differentiated investment solutions globally.

With approximately $161 billion in assets under management as of June 30, 2025, First Eagle manages a diverse portfolio of equity, fixed income, alternative credit, and multi-asset strategies. The firm’s benchmark-agnostic, downside-aware approach is a key differentiator in the market.

Genstar Capital, with over $50 billion in assets under management and a focus on the financial services, software, healthcare, and industrials sectors, will now be the majority investor in First Eagle. The investment is expected to accelerate the pace of expansion for First Eagle, both organically and through acquisitions, without compromising its independence and autonomy. The deal also marks the successful exit of previous majority owners, Blackstone and Corsair, who invested in First Eagle in 2015.

First Eagle’s leadership, including President and CEO Mehdi Mahmud, will continue to oversee the firm’s day-to-day operations and set its strategic direction. The firm’s philosophy and culture of investment teams remain unchanged, and the leadership team retains a meaningful ownership stake, underscoring their commitment to the company’s success.

The deal is a significant milestone for First Eagle, which has been expanding its product suite and distribution footprint over the past decade. The partnership with Genstar Capital is expected to enhance the value delivered to clients by leveraging Genstar’s expertise and resources.

References:
[1] https://www.morningstar.com/news/business-wire/20250818104985/first-eagle-investments-announces-closing-of-majority-investment-by-genstar-capital