First Eagle Private Credit Fund 8K

Victory Capital is acquiring First Eagle Investments for about $7.0 billion plus assumed debt, forming a $571 billion AUM asset manager with significant expected earnings accretion and governance and financing changes, pending approvals and closing by Q1 2027.

On August 26, 2026, Victory Capital Holdings, Inc. announced it entered into a definitive agreement to acquire 100% of First Eagle Investments from Genstar Capital and First Eagle employees for approximately $7.0 billion in cash and newly issued Victory Capital equity, and will assume $575 million of First Eagle’s 7.25% senior secured notes due 2032, creating a combined asset management firm with about $571 billion in client assets, expected 2027 adjusted EPS accretion of roughly 35% driven by $280 million of anticipated net expense synergies, expanded global distribution and product capabilities, and giving Genstar a roughly 14.6% fully diluted, as-converted economic stake (with voting capped at 4.9%) and the right to designate two directors, subject to regulatory approvals, shareholder approval of the equity issuance, client consents, and other customary closing conditions, with closing targeted by the end of the first quarter of 2027 and fully committed debt financing arranged by BofA Securities and RBC Capital Markets.

Filing Facts

CIK

1890107

Ticker

-

Form

8K

Source Type

sec

Accession

0001193125-26-378072

Alert Tier

8