Mehdi Asif Mahmud First Eagle Investment Management, LLC President, CEO

We see a persistent need in the market for meaningful and sustainable sources of income. Alternative credit strategies that invest in tradable credit and directly originated middle-market loans help address this need, offering investors the potential for material income streams and compelling risk-adjusted total returns across business cycles and interest rate environments. With best-in-class credit expertise and a creative, fiduciary-minded approach to developing investment solutions, THL Credit has built an excellent reputation in this structurally attractive space.

THL Credit Chief Executive Officer Chris Flynn will oversee the combined alternative credit platform as President, reporting to First Eagle President and CEO Mehdi Mahmud. THL Credit Chief Investment Officer Jim Fellows will become CIO of the new platform and serve on the investment committees for both tradable credit and middle-market direct lending. Tim Conway, Head of Private Credit at First Eagle, will become Vice Chairman, charged with helping to ensure the smooth integration of the two platforms and continuity for all stakeholders.