Blackstone, Corsair to Acquire Money Manager First Eagle
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Blackstone Group LP and Corsair Capital agreed to buy a majority stake in First Eagle Investment Management, valuing the firm at $4 billion including debt.
The investment in First Eagle, which manages $100 billion in assets, will be made by funds managed by Blackstone and Corsair, according to a statement Monday. First Eagle manages equity, fixed income and multi-asset strategies.