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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.
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