First Eagle Alternative Capital BDC, Inc. (NASDAQ: FCRD) is a closed-end management investment company that has elected to be treated as a business development company under the 1940 Act. The Company’s investment objective is to generate both current income and capital appreciation, primarily through investments in privately negotiated debt and equity securities of middle market companies. The Company is a direct lender to middle market companies and invests primarily in directly originated first lien senior secured loans, including unitranche investments. In certain instances, the Company also makes second lien secured loans and subordinated or mezzanine, debt investments, which may include an associated equity component such as warrants, preferred stock or other similar securities and direct equity co-investments. The Company targets investments primarily in middle market companies with annual EBITDA generally between $5 million and $25 million. The Company is headquartered in Boston, with additional origination teams in Chicago, Dallas, Los Angeles and New York. The Company’s investment activities are managed by First Eagle Alternative Credit, LLC (the “Advisor” or the “Adviser”), an investment adviser registered under the Investment Advisers Act of 1940. For more information, please visit www.feac.com.

Company profile
Ticker
FCRD, FCRX
Exchange
Website
CEO
Christopher Flynn
Employees
Incorporated
Location
Fiscal year end
Former names
THL Credit, Inc.
SEC CIK
Corporate docs
Subsidiaries
First Eagle Alternative Capital Holdings ...
SEC advisor number
801-73374
FINRA CRD number
161293
AUM ?
$3.12 mm
(as of 30 Aug 22)
Accounts
2
(as of 30 Aug 22)
Employees
128
(63 investment advisory or research)
Address
First Eagle Alternative Capital BDC
500 BOYLSTON STREET
SUITE 1250
BOSTON
MA 02116
500 BOYLSTON STREET
SUITE 1250
BOSTON
MA 02116
Phone
(800) 450-4424
FCRD stock data
Ownership
Fund structure | AUM | Fund type |
---|---|---|
First Eagle Alternative Capital BDC, Inc. | $3.12 mm | |
First Eagle Greenway Fund II LLC | $2.94 mm | Other Private Fund |
Latest filings (excl ownership)
DEFM14A
Proxy related to merger
20 Jan 23
425
Business combination disclosure
14 Nov 22
10-Q
2022 Q3
Quarterly report
8 Nov 22
8-K
First Eagle Alternative Capital BDC Reports Third Quarter 2022 Financial Results and Declares a Dividend of $0.11 Per Share
8 Nov 22
425
Business combination disclosure
5 Oct 22
425
Business combination disclosure
4 Oct 22
425
Business combination disclosure
4 Oct 22
425
Business combination disclosure
4 Oct 22
8-K
Entry into a Material Definitive Agreement
4 Oct 22
10-Q
2022 Q2
Quarterly report
9 Aug 22
Transcripts
FCRD
Earnings call transcript
2022 Q3
9 Nov 22
FCRD
Earnings call transcript
2022 Q2
10 Aug 22
FCRD
Earnings call transcript
2022 Q1
14 May 22
FCRD
Earnings call transcript
2021 Q4
4 Mar 22
FCRD
Earnings call transcript
2021 Q3
5 Nov 21
FCRD
Earnings call transcript
2021 Q2
6 Aug 21
FCRD
Earnings call transcript
2021 Q1
7 May 21
FCRD
Earnings call transcript
2020 Q4
5 Mar 21
FCRD
Earnings call transcript
2020 Q2
7 Aug 20
Latest ownership filings
SC 13G/A
Fiera Capital Corp
17 Jan 23
SC 13D/A
First Eagle Holdings, Inc.
5 Oct 22
4
Robert J. Hickey
17 Mar 22
SC 13G/A
COOPERMAN LEON G
14 Feb 22
SC 13G
RIVERNORTH CAPITAL MANAGEMENT, LLC
14 Feb 22
SC 13G/A
Fiera Capital Corp
4 Feb 22
4
Christopher J. Flynn
6 Dec 21
3
Robert J. Hickey
1 Dec 21
3
Edward J. Giordano
27 Sep 21
4
Sabrina Rusnak-Carlson
11 Aug 21
Financial summary
Quarter (USD) | Sep 22 | Jun 22 | Mar 22 | Dec 21 | |
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Diluted EPS |
Annual (USD) | Dec 21 | Dec 20 | Dec 19 | Dec 18 | |
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Institutional ownership, Q3 2022
23.0% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 37 |
Opened positions | 8 |
Closed positions | 4 |
Increased positions | 4 |
Reduced positions | 13 |
13F shares | Current |
---|---|
Total value | 19.72 mm |
Total shares | 6.89 mm |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
Rivernorth Capital Management | 1.98 mm | $5.67 mm |
Fiera Capital | 764.95 k | $2.19 mm |
Pettinga Financial Advisors | 610.12 k | $1.75 mm |
Skandinaviska Enskilda Banken AB | 559.58 k | $1.60 mm |
Wealthcare Advisory Partners | 479.34 k | $1.37 mm |
MS Morgan Stanley | 353.12 k | $1.01 mm |
Fort Washington Investment Advisors | 346.95 k | $992.00 k |
BEN Franklin Resources | 318.42 k | $911.00 k |
Almitas Capital | 237.10 k | $678.00 k |
United Capital Financial Advisers | 208.79 k | $597.00 k |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
16 Mar 22 | Hickey Robert J. | Common Stock | Buy | Acquire P | No | No | 4.29 | 1,814 | 7.78 k | 72,470 |
3 Dec 21 | Flynn Christopher J. | Common Stock | Buy | Acquire P | No | No | 4.74 | 12,500 | 59.25 k | 166,748 |
2 Dec 21 | Flynn Christopher J. | Common Stock | Buy | Acquire P | No | No | 4.74 | 12,500 | 59.25 k | 153,978 |
10 Aug 21 | Rusnak-Carlson Sabrina | Common Stock | Sell | Dispose S | No | No | 4.73 | 8,200 | 38.79 k | 13,090 |
Press releases
SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates SAFE, LBAI, FCRD, MYOV
26 Jan 23
FIRST EAGLE ALTERNATIVE INVESTOR ALERT BY THE FORMER ATTORNEY GENERAL OF LOUISIANA: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of First Eagle Alternative Capital BDC, Inc. - FCRD
25 Jan 23
SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates FCRD, KNBE, IMRA
6 Dec 22
ALERT: The M&A Class Action Firm Launches Legal Inquire Regarding the Merger – ELVT, FCRD, MNRL, IMRA
5 Dec 22
SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates KNBE, ELVT, APEN, FCRD
1 Dec 22