Genstar Capital Completes Majority Investment in First Eagle Investments 

First Eagle Investments announced the closing of a majority investment by private equity funds managed by Genstar Capital, following the deal’s initial announcement in March. The closing also represents the successful exit of previous majority owners Blackstone and Corsair, which acquired their stakes in 2015. During their nearly 10-year partnership, First Eagle significantly diversified its product suite—most notably through the addition of alternative credit strategies—and broadened its distribution channels across institutional and wealth markets. 

“Genstar’s partnership will accelerate the pace at which we expand our investment capabilities and client reach, both organically and through acquisitions, without compromising our independence and autonomy,” said Mehdi Mahmud, president and CEO of First Eagle. 

The firm’s leadership team will continue to guide day-to-day operations and strategic direction, while retaining a meaningful ownership stake in the company. As of June 30, 2025, First Eagle managed approximately $161 billion in assets across equity, fixed income, alternative credit, and multi-asset strategies, with a benchmark-agnostic, downside-aware philosophy.