First Eagle Investments, headquartered in New York City, is a privately held investment management firm with a legacy dating back to 1864. Originally founded as Arnhold and S. Bleichroeder in Dresden, Germany, the firm relocated to New York in the 1930s due to geopolitical upheaval.

Over the years, it has evolved into a global asset manager, offering a range of investment strategies including global value, international value, U.S. value, U.S. dividend equity, global income, gold, high yield, broadly syndicated loans, and direct lending. As of early 2025, First Eagle manages approximately $149 billion in assets across various mutual funds and separately managed accounts.

The firm is recognized for its active, fundamental, and benchmark-agnostic investment approach, emphasizing downside protection and long-term capital preservation. In February 2025, Blackstone and Corsair Capital initiated the sale of First Eagle, seeking to capitalize on the firm’s growth and the robust valuation of asset management firms in the current market.