First Eagle Separate Account Management, Llc
SEC-registered
Investment Adviser · Small ($100M–$1B)
CRD 300359
· SEC file 801-116996
· New York, NY
· www.youtube.com
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ADV data as of Jul 30, 2026
- Regulatory AUM
- $908M
- Discretionary
- $908M
- Clients
- 1,821
- Avg AUM / client
- $498K
- Accounts
- 1,819
- Employees
- 46
AUM over time
$1.0M
$908M
Dec 2020
Jul 2026
Annual snapshots from Form ADV filings · as of Jul 30, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Individuals (non-high net worth) | 204 | $78.0M | 8.6% |
| High net worth individuals | 11 | $70.3M | 7.74% |
| Pension and profit sharing plans | 848 | $234M | 25.8% |
| Charitable organizations | 31 | $72.9M | 8.03% |
| Corporations and other businesses | 103 | $121M | 13.3% |
| Other | 624 | $331M | 36.5% |
People (6)
| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Jayanti, Dharma, Teja Ignacio | Sole Member | Dec 2006 (20y) | 75% or more of Vayu Investors Llc (indirect) | |
| Barling, James, Martin | Chief Compliance Officer | Nov 2020 (6y) | Less than 5% | |
| Dow, Melanie | Chief Administrative Officer | Nov 2020 (6y) | Less than 5% | |
| Mahmud, Mehdi, Asif | President, Chief Executive Officer | Nov 2020 (6y) | Less than 5% | |
| Margulies, Brian, Michael | Chief Financial Officer | Nov 2020 (6y) | Less than 5% | |
| O'connor, David, Paul | General Counsel | Nov 2020 (6y) | Less than 5% |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| First Eagle Investment Management, Llc | Sole And Managing Member | Jan 2019 | A | 75% or more |
| First Eagle Holdings, Inc. | Managing Member And Parent Company | Mar 1987 | B | ≈ 56.25% – 100% via First Eagle Investment Management, Llc |
| Corsair Mentor Investors L.P. | Limited Partner | Dec 2015 | B | ≈ 5.27% – 37.5% via Corsair Mentor L.P. |
| Bma Vi Llc | Sole Member | Dec 2015 | B | 75% or more of Blackstone Management Associates Vi Llc (indirect) |
| Corsair Capital, L.P. | Sole Member | Jan 2018 | B | 75% or more of Corsair Capital Llc (indirect) |
| Blackstone Inc. | Sole Member | Dec 2015 | B | 75% or more of Blackstone Holdings Iii Gp Management Llc (indirect) |
| Corsair Capital Partners, L.P. | Limited Partner | Jun 2015 | B | 75% or more of Corsair Mentor Management L.P. (indirect) |
| Corsair Capital Feeder, L.P. | Limited Partner | Jul 2021 | B | 75% or more of Corsair Capital, L.P. (indirect) |
| Bcp Cc Holdings L.P. | Shareholder | Dec 2015 | B | ≈ 28.13% – 75% via First Eagle Holdings, Inc. |
| Blackstone Holdings Iii L.P. | Managing Member | Dec 2015 | B | 50% – 75% of Bma Vi Llc (indirect) |
| Corsair Iv Financial Services Capital Partners L.P. | Member | Dec 2015 | B | 50% – 75% of Bcp Cc Holdings Gp L.L.C. (indirect) |
| Blackstone Capital Partners Vi L.P. | Limited Partner | Dec 2015 | B | ≈ 7.03% – 37.5% via Bcp Cc Holdings L.P. |
| Corsair Mentor L.P. | Limited Partner | Dec 2015 | B | ≈ 7.03% – 37.5% via Bcp Cc Holdings L.P. |
| Vayu Investors Llc | Limited Partner | Jan 2018 | B | 25% – 50% of Corsair Capital, L.P. (indirect) |
| Corsair Mentor Management L.P. | General Partner | Dec 2015 | B | GP / trustee / elected manager of Corsair Mentor Investors L.P. (indirect) |
| Corsair Capital Llc | General Partner | Dec 2015 | B | GP / trustee / elected manager of Corsair Mentor Management L.P. (indirect) |
| Blackstone Management Associates Vi Llc | General Partner | Dec 2015 | B | GP / trustee / elected manager of Blackstone Capital Partners Vi L.P. (indirect) |
| Blackstone Holdings Iii Gp L.P. | General Partner | Dec 2015 | B | GP / trustee / elected manager of Blackstone Holdings Iii L.P. (indirect) |
| Blackstone Holdings Iii Gp Management Llc | General Partner | Dec 2015 | B | GP / trustee / elected manager of Blackstone Holdings Iii Gp L.P. (indirect) |
| Corsair Capital Group, Ltd. | General Partner | Dec 2010 | B | GP / trustee / elected manager of Corsair Capital, L.P. (indirect) |
| Bcp Cc Holdings Gp L.L.C. | General Partner | Dec 2015 | B | GP / trustee / elected manager of Bcp Cc Holdings L.P. (indirect) |
| Corsair Partners Mentor Management, L.P. | General Partner | Dec 2015 | B | GP / trustee / elected manager of Corsair Mentor L.P. (indirect) |
| Corsair Iv Management L.P. | General Partner | May 2010 | B | GP / trustee / elected manager of Corsair Iv Financial Services Capital Partners L.P. (indirect) |
| Corsair Capital Partners Group, Ltd. | General Partner | Mar 2012 | B | GP / trustee / elected manager of Corsair Capital Partners, L.P. (indirect) |
Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- First Eagle Holdings, Inc.: 75% – 100% of First Eagle Investment Management, Llc × 75% – 100% direct ≈ 56.25% – 100% of the firm
- Corsair Mentor Investors L.P.: 75% – 100% of Corsair Mentor L.P. × 25% – 50% of Bcp Cc Holdings L.P. × 50% – 75% of First Eagle Holdings, Inc. × 75% – 100% of First Eagle Investment Management, Llc × 75% – 100% direct ≈ 5.27% – 37.5% of the firm
- Bcp Cc Holdings L.P.: 50% – 75% of First Eagle Holdings, Inc. × 75% – 100% of First Eagle Investment Management, Llc × 75% – 100% direct ≈ 28.13% – 75% of the firm
- Blackstone Capital Partners Vi L.P.: 25% – 50% of Bcp Cc Holdings L.P. × 50% – 75% of First Eagle Holdings, Inc. × 75% – 100% of First Eagle Investment Management, Llc × 75% – 100% direct ≈ 7.03% – 37.5% of the firm
- Corsair Mentor L.P.: 25% – 50% of Bcp Cc Holdings L.P. × 50% – 75% of First Eagle Holdings, Inc. × 75% – 100% of First Eagle Investment Management, Llc × 75% – 100% direct ≈ 7.03% – 37.5% of the firm
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 06/12/2026 | 1.45 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
Services
- • Portfolio management for individuals/small businesses
- • Portfolio management for pooled investment vehicles
- • Portfolio management for businesses/institutional clients
Custody
Reported custodians
- UBS $864M (95% of AUM) Jun 2026
- J.P. Morgan $1.0M (100% of AUM) Mar 2021
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports it does not have custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Jul 30, 2026.
View current Form ADV (SEC/IAPD) ↗