Blackstone and Corsair Capital, investment companies has invested $4bn in First Eagle Investment, asset management company. Additionally, as a result of the transaction, First Eagle employees will have an opportunity to meaningfully increase their equity ownership in the Firm. “Through this agreement with Blackstone and Corsair, two successful long-term investors with whom First Eagle shares many cultural and philosophical beliefs, we have achieved our primary goals of remaining independent, preserving our investment-centric culture, and increasing employee ownership, while addressing the liquidity needs of current shareholders.” Bridget Macaskill, First Eagle Investment President and Chief Executive Officer.