Sidley Fund Client Launches Two Interval Funds

Sidley is acting as fund counsel to two closed-end interval funds: First Eagle Real Estate Debt Fund, focused on real estate and real estate-related investments, including public and private real estate-related debt; and First Eagle Tactical Municipal Opportunities Fund, which invests in municipal bonds paying interest that is exempt from regular federal personal income tax.

First Eagle Investment Management, LLC, a New York-based investment management firm with approximately US$152 billion in assets under management, is the investment adviser to both funds. Sidley will continue to serve as counsel to both funds following their respective launches.

The Sidley team was led by Nathan Greene (Investment Funds), and included Jerry Cummins, Matt Kutner, Andrew Friedman, John Ekblad, Azad Assadipour, and Rachel Mejias-Thompson (Investment Funds); and Christian Brause, Robert Kreitman, Dustin Anderson, and Michael Sliskovich (Tax).