NovantigoEvergreen Funds & ELTIF Database

Non-ELTIF · Private Debt · Domiciled in Luxembourg

First Eagle Amundi Private Credit Fund

Managed by First Eagle & Amundi, US. Product design, fees, liquidity terms and AuM development, tracked monthly by Novantigo.

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About this fund

First Eagle Amundi Private Credit Fund is an open-ended vehicle launched by First Eagle & Amundi in 2024 and structured as a SICAV domiciled in Luxembourg under the UCI Part II regime. It is a Non-ELTIF product, so it sits outside the ELTIF framework and is distributed to professional investors across Europe rather than through the ELTIF retail passport. The strategy is direct lending within private debt, denominated in USD, with the portfolio's regional allocation disclosed as . It is classified as Article 6 under SFDR, meaning sustainability is not presented as a binding element of the investment process.

Liquidity is semi-open rather than fully evergreen in practice: subscriptions are accepted monthly at a minimum of 10,000 USD, pricing is struck monthly, and redemptions are available quarterly subject to a notice period of 45 days. Investors should read the dealing calendar together with the soft lock-up applying to early redemptions, since the combination determines how quickly capital can be recalled from an underlying book of privately originated loans that are not themselves traded.

Within the Novantigo coverage universe of 494 vehicles as of 31 Aug 2026, the fund is one of 148 private debt strategies, one of 347 funds domiciled in Luxembourg, and one of 108 that combine both. Its management fee of and performance fee of are benchmarked against that peer set, as is reported assets under management of , which can be compared with the distribution of fund sizes across the same cohort.

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AuM history

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Fees & costs

  • Entry fee
  • Redemption fee
  • Management fee (retail, low)
  • Management fee (retail, high)
  • Management fee (institutional, low)
  • Management fee (institutional, high)
  • Early-investor fee
  • Fee basis
  • Operating expenses
  • Distribution fee
  • Total cost ratio
  • Performance fee
  • Hurdle rate
  • High-water mark

Portfolio construction

  • Fund-of-funds share
  • Primaries share
  • Secondaries share
  • Directs share
  • Co-investments share
  • Liquidity pocket
  • Europe allocation
  • North America allocation
  • Asia-Pacific allocation
  • Latin America allocation
  • Rest-of-world allocation

Terms & scale

  • Latest AuM
  • Target size
  • Target IRR
  • Life span
  • Redemption gate
  • Lock-up penalty
  • Leverage limit
  • Leverage (AIFMD)
  • Share classes
  • Master-feeder setup

Key facts

Structure

Manager
First Eagle & Amundi
Fund type
Non-ELTIF
ISIN
LU2807517409
Legal structure
SICAV
Regulatory regime
UCI Part II
ELTIF version
N/A
Fund structure
Open-End
Inception
29 Nov 2024
Base currency
USD

Strategy

Asset class
Private Debt
Strategy
Direct Lending
Geographic focus
North America

Liquidity

Subscription frequency
Monthly
Redemption frequency
Quarterly
Notice period
45 days
Soft lock-up
12 months
NAV frequency
Monthly

Access & distribution

Investor type
Professional
Distribution scope
Pan-European
Minimum investment
10,000 USD
SFDR
Article 6
›Frequently asked questions
Who manages First Eagle Amundi Private Credit Fund?
First Eagle Amundi Private Credit Fund is managed by First Eagle & Amundi, headquartered in US.
What is the minimum investment for First Eagle Amundi Private Credit Fund?
The minimum investment is 10,000 USD. The binding terms are in the fund documents.
How often can investors redeem?
Redemptions are quarterly, with a notice period of 45 days.
What is an evergreen fund?
An evergreen fund is an open-ended private markets vehicle with no fixed end date: investors subscribe and redeem at recurring intervals instead of committing to a closed fund term.

Sourced from prospectuses, KIDs, factsheets and regulatory registers. Data as of 31 Aug 2026.

Similar funds: AB Carval Global Credit Opportunities Fund · abrdn Private Credit SCSp-RAIF - Global Fund Finance Fund · Alteralia Credit Opportunities ELTIF S.C.A, SICAV-RAIF