First Eagle Plans Acquisition Spree in Quest for $500 Billion

Genstar Capital-backed First Eagle Investments is planning an acquisition spree as the investment manager looks to grow its assets to $500 billion in the next five years.

The New York-based firm aims to acquire as many as four other firms or teams a year for the next five years to expand into new asset classes, Chief Executive Officer Mehdi Mahmud said in an interview. Those will include emerging markets, secondaries and real estate.