Kirkland Advises First Eagle Alternative Credit on Close of Over $1 Billion Fifth Direct Lending Fund

Kirkland & Ellis advised First Eagle Alternative Credit (“FEAC”), the $21 billion credit platform of First Eagle Investments, on the closing of its fifth direct lending fund at over $1 billion in total available capital, including leverage.  Since its founding as THL Credit in 2007, FEAC has closed over 495 transactions and provided over $6.5 billion in financing solutions to middle market companies primarily in FEAC’s key industry verticals: business and financial services; healthcare; information services & technology; and consumer services.

Read FEAC’s press release here

The Kirkland team was led by investment funds partners Matthew Smith and Sean Hill, tax partner Alec Campbell, investment funds associate Charles Chen and corporate associate Eric Tang.