Bleichroeder LP 4
4 · First Eagle Real Estate Debt Fund · Filed Jul 9, 2026
Research Summary
AI-generated summary of this filing
FERLX — Bleichroeder LP (10% Owner) Sells 118,665 Shares
What Happened
Bleichroeder LP, reported as a 10% owner of First Eagle Real Estate Debt Fund (FERLX), disposed of 118,665.44 common shares on July 7, 2026. The shares were tendered for repurchase by the fund at $25.45 per share, for aggregate proceeds of $3,020,035. This was a disposition (sale) — not a purchase — and reflects participation in the issuer’s quarterly repurchase offer.
Key Details
- Transaction date: 2026-07-07; Price: $25.45 per share; Shares: 118,665.44; Proceeds: $3,020,035.
- Report filed: 2026-07-09 (appears timely; not flagged as late).
- Shares owned after transaction: not specified in the provided filing.
- Footnote F1: Shares were tendered in the issuer’s quarterly repurchase offer that ended July 7, 2026.
- Footnote F2: Bleichroeder LP is an investment adviser that indirectly holds these shares for managed accounts/funds and disclaims beneficial ownership except to the extent of its pecuniary interest.
Context
This filing involves a 10% institutional holder (an investment adviser and fund manager), not an individual officer or director. The disposition was executed via the fund’s repurchase program (a routine liquidity mechanism) rather than an open-market sale; such institutional tenders typically reflect portfolio management or liquidity needs rather than a simple signal about the issuer’s prospects.
Insider Transaction Report
- Other
Shares of Beneficial Interest, Class I Shares
[F1][F2]2026-07-07$25.45/sh−118,665.44$3,020,035→ 1,249,141.59 total(indirect: See footnote)
Footnotes (2)
- [F1]Represents shares tendered for repurchase during the Issuer's quarterly repurchase offer which ended on July 7, 2026.
- [F2]The common shares reported herein are indirectly beneficially owned by Bleichroeder LP, a Delaware limited partnership, an investment adviser registered under the Investment Advisers Act of 1940. Bleichroeder LP serves as registered investment adviser to managed accounts and investment funds that directly hold these securities. Bleichroeder LP disclaims beneficial ownership of these securities except to the extent of its pecuniary interest therein, and this report shall not be deemed an admission that Bleichroeder LP is the beneficial owner of the securities for purposes of Section 16 or for any other purposes.