First Eagle Alternative Capital
FCRZ
New York Stock Exchange25.27
USD
-0.07
- -
First Eagle Alternative Capital
FCRZ
(New York Stock Exchange)
Recent
price
25.27
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Similar Companies
- Business
- First Eagle Alternative Capital (Ticker: FCRZ) is a publicly traded business development company (BDC) that provides flexible financing solutions to lower middle market companies with enterprise values typically between $25 million and $250 million. The company offers customized debt and equity capital, including senior secured loans, unitranche facilities, mezzanine debt, and preferred equity investments, primarily targeting U.S.-based companies in sectors such as manufacturing, business services, consumer products, and healthcare; its portfolio emphasizes asset-backed lending and sponsor-backed transactions to support growth, acquisitions, and recapitalizations. Headquartered in New York, New York, First Eagle Alternative Capital was spun off from First Eagle Investment Management in 2014 as a specialized alternative credit provider, operating exclusively within the North American market with a focus on institutional and high-net-worth investors seeking yield-oriented alternative assets. Recent strategic developments include expanded portfolio diversification through new loan originations and selective equity co-investments in 2024-2025, alongside strengthened liquidity via amended credit facilities to capitalize on market dislocations; the company has pursued opportunistic acquisitions of distressed assets and formed alliances with private equity sponsors to enhance deal flow amid elevated interest rates. No major name changes or reorganizations have occurred in the last 1-2 years, positioning First Eagle Alternative Capital to navigate evolving credit cycles with a conservative leverage profile and experienced management team.