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.
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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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.