Crescent Capital to acquire First Eagle Alternative Capital for $145.6m.

Crescent Capital, a global credit investment manager, agreed to acquire First Eagle Alternative Capital, a closed-end management investment company, for $146m. “For over 30 years, we have differentiated ourselves in the marketplace, strategically growing our asset base across multiple economic and business cycles to be more effective and relevant to our clients, both our investors and the private equity community whose companies we finance. The growing demand for capital from middle market borrowers has created an even greater need for flexible capital providers like us, and we believe the addition of First Eagle BDC further augments our relevance in the market," Jean-Marc Chapus and Mark Attanasio, Crescent Co-Founders and Managing Partners.