Blackstone Group and Corsair Capital are in advanced talks to purchase a major stake in First Eagle Investment Management, said sources familiar with the matter.
Negotiations are taking place with First Eagle’s owners, which include TA Associates. Talks are expected to continue for several weeks, and a deal is not certain.
Spokesmen from Blackstone and Corsair declined to comment. Hedda Nadler, a spokeswoman for First Eagle, also declined to comment. TA spokeswoman Pamela B. Harris could not be reached by press time.
First Eagle had about $100 billion in assets under management as of March 31.
