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Does the fact the First Eagle was bought in 2025 concern you? Years ago I had a good run with Sogen international,,, recall the manager was Evilard, I think.
PE firm Genstar Capital acquired First Eagle stakes held by Blackstone, Corsair, and their co-investors. Key First Eagle employees reportedly rolled over a sizable part of their economic interests into the new ownership structure. The firm remains privately owned. Also, First Eagle will aquire Diamond Hill—a publicly traded investment manager—by Q3 2026.
What could possibly go wrong? The great manager might well take their talents elsewhere. PE firms are buying everything from Vet practices to care homes.
...First Eagle’s investment capabilities span equity, fixed income, alternative credit, and multi-asset strategies. The acquisition would markedly increase First Eagle’s footprint in traditional fixed income, which has been an area of significant growth for Diamond Hill in recent years. Diamond Hill’s US-focused multi-cap equity platform represents a strong complement to First Eagle’s existing Global Value and Small Cap teams. Following the close of the transaction, Diamond Hill will maintain its headquarters in Columbus and operate under its existing brand, with no changes to its investment philosophy or process.
Comments
Key First Eagle employees reportedly rolled over a sizable part of their economic interests
into the new ownership structure. The firm remains privately owned.
Also, First Eagle will aquire Diamond Hill—a publicly traded investment manager—by Q3 2026.
2015-25 Blackstone/BX and Corsair Capital
2025- Genstar Capital
So, the firm and its people have gotten used to private-equity ownership.
https://en.wikipedia.org/wiki/First_Eagle_Investments
https://www.sec.gov/ix?doc=/Archives/edgar/data/2083193/000093041326000146/c114719_497-ixbrl.htm
https://www.diamond-hill.com/news/a-872/articles/diamond-hill-to-be-acquired-by-first-eagle-investments/
Excerpt:
...First Eagle’s investment capabilities span equity, fixed income, alternative credit, and multi-asset strategies. The acquisition would markedly increase First Eagle’s footprint in traditional fixed income, which has been an area of significant growth for Diamond Hill in recent years. Diamond Hill’s US-focused multi-cap equity platform represents a strong complement to First Eagle’s existing Global Value and Small Cap teams. Following the close of the transaction, Diamond Hill will maintain its headquarters in Columbus and operate under its existing brand, with no changes to its investment philosophy or process.