First Eagle Investments to acquire Napier Park Global Capital

First Eagle Investments to acquire Napier Park Global Capital
Napier, which will operate as a wholly-owned unit, will broaden First Eagle’s capabilities in the alternative credit market.
MAR 31, 2022

First Eagle Investments, a New York-based investment manager with $110 billion in assets, has agreed to acquire Napier Park Global Capital, a New York-based institutional alternative credit manager with approximately $18.7 billion in assets under management.

The firm will operate as an autonomous, wholly-owned unit of First Eagle Investments and use the name “Napier Park, a First Eagle Investments Company.” It will maintain its investment approach, business focus and client service, First Eagle said in a release, and will have no impact on First Eagle Alternative Credit, which will continue under its current leadership and operate independently from Napier Park.

Jim O’Brien and Jon Dorfman — who serve as chief executive officer and chief investment officer, respectively — will continue to run Napier Park as managing principals. Key Napier Park employees will sign long-term agreements and continue in their current roles.  

Latest News

Married retirees could be in for an $18,100 Social Security cut by 2032, CRFB says
Married retirees could be in for an $18,100 Social Security cut by 2032, CRFB says

A new analysis finds long-running fiscal woes coupled with impacts from the One Big Beautiful Bill Act stand to erode the major pillar for retirement income planning.

SEC bars New Jersey advisor after $9.9M fraud against Gold Star families
SEC bars New Jersey advisor after $9.9M fraud against Gold Star families

Caz Craffy, whom the Department of Justice hit with a 12-year prison term last year for defrauding grieving military families, has been officially exiled from the securities agency.

Navigating the great wealth transfer: Are advisors ready for both waves?
Navigating the great wealth transfer: Are advisors ready for both waves?

After years or decades spent building deep relationships with clients, experienced advisors' attention and intention must turn toward their spouses, children, and future generations.

UBS Financial loses another investor lawsuit involving Tesla stock
UBS Financial loses another investor lawsuit involving Tesla stock

The customer’s UBS financial advisor allegedly mishandled an options strategy called a collar, according to the client’s attorney.

Trump's one big beautiful bill reshapes charitable giving for donors and advisors
Trump's one big beautiful bill reshapes charitable giving for donors and advisors

An expansion to a 2017 TCJA provision, a permanent increase to the standard deduction, and additional incentives for non-itemizers add new twists to the donate-or-wait decision.

SPONSORED How advisors can build for high-net-worth complexity

Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.

SPONSORED RILAs bring stability, growth during volatile markets

Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.