First Eagle expands alt credit with Napier Park acquisition

First Eagle Investments has agreed to acquire Napier Park Global Capital, which is slated to operate as a wholly owned autonomous unit of First Eagle.

With $18.7 billion in assets, Napier Park serves institutional investors through its credit funds, U.S. and European CLOs and real assets. The firm is slated to maintain its investment approach, business focus and client service.

Napier Park CEO Jim O'Brien and CIO Jon Dorfman will continue to run Napier Park as managing principals, reporting to First Eagle President and CEO Mehdi Mahmud. No personnel changes are . . .

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