First Eagle Investments Completes Acquisition of Diamond Hill Investment Group

First Eagle Investments completed the previously announced acquisition of Diamond Hill Investment Group The acquisition was first announced on December 11, 2025, and approved by Diamond Hill shareholders on March 3. An independent, privately owned, fundamentally driven investment management firm, First Eagle's investment capabilities span equity, fixed income, alternative credit and multi-asset categories. The acquisition of Diamond Hill markedly increases its footprint in traditional fixed income, which has been an area of significant growth for Diamond Hill in recent years. In addition, Diamond Hill's US-focused multi-cap equity platform represents a strong complement to First Eagle's existing Global Value and Small Cap franchises. Pro forma for the transaction, First Eagle's total assets under management and assets under advisement were approximately $213B as of March 31. As a First Eagle Investments company, Diamond Hill will maintain its location in Columbus, Ohio, and there will be no changes to its investment philosophy or process. Heather Brilliant, who had been CEO, will continue to lead Diamond Hill while also assuming the newly created role of COO of First Eagle. In this capacity, Brilliant will work closely with Mahmud to advance the firm's organic and inorganic growth initiatives, and oversee its public markets operations and technology platform, its business optimization and integration efforts, and human resources. As previously announced, under the terms of the merger agreement, Diamond Hill shareholders are entitled to receive $175.00 per share in cash. With the completion of the transaction, Diamond Hill's common shares have ceased trading and will no longer be listed on the Nasdaq exchange.