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First Eagle Investments has announced that its First Eagle Credit Opportunities Fund (A-Share Class: FECAX; I-Share Class: FECRX) has surpassed
First Eagle Investments announced that the First Eagle Credit Opportunities Fund (I-Share Class: FECRX) has surpassed $350 million in assets under management within 18 months of its launch. The fund aims to deliver current income and attractive risk-adjusted returns by investing in private and public alternative credit assets. As of December 31, 2021, it reported a distribution yield of 7.09%. The fund offers quarterly liquidity and is available to a wide range of investors without accredited investor requirements.