# EDGAR Filing Document

**Accession Number:** 0002006189
**File Stem:** 0000930413-25-002505
**Filing Date:** 2025-8
**Character Count:** 3649
**Document Hash:** 0025885ec2adc402a2db4eb4c8a55259
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000930413-25-002505.hdr.sgml**: 20250818

**ACCESSION NUMBER**: 0000930413-25-002505

**CONFORMED SUBMISSION TYPE**: 497

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20250818

**DATE AS OF CHANGE**: 20250818

**EFFECTIVENESS DATE**: 20250818

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** First Eagle Real Estate Debt Fund
- **CENTRAL INDEX KEY:** 0002006189

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 497
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-276328
- **FILM NUMBER:** 251226433

**BUSINESS ADDRESS:**
- **STREET 1:** 1345 AVENUE OF AMERICAS
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10105
- **BUSINESS PHONE:** (212) 698-3300

**MAIL ADDRESS:**
- **STREET 1:** 1345 AVENUE OF AMERICAS
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10105

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** First Eagle Real Estate DebtFund
- **DATE OF NAME CHANGE:** 20241226

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** First Eagle Real Estate Lending Fund
- **DATE OF NAME CHANGE:** 20231227

NO SERIES-AND-CLASSES-CONTRACTS-DATA BLOCK FOUND

**FIRST EAGLE REAL ESTATE DEBT FUND**

**1345 AVENUE OF THE AMERICAS<br>NEW YORK, NEW YORK 10105<br>(800) 334-2143**

**SUPPLEMENT DATED AUGUST 18, 2025<br>TO PROSPECTUS DATED MARCH 27, 2025 AND<br>TO STATEMENT OF ADDITIONAL INFORMATION DATED MARCH 27, 2025**

As of August 15, 2025, private equity funds managed by Genstar Capital have acquired a majority investment in First Eagle Holdings, Inc. ("FE Holdings"), the parent company of First Eagle Investment Management, LLC ("FEIM") and Napier Park Global Capital (US) LP ("Napier Park"), the investment adviser and investment sub-adviser to the First Eagle Real Estate Debt Fund (the "Fund").

The transaction is not expected to result in any change in the portfolio management of the Fund or in the Fund's investment objectives or policies. A new investment advisory agreement with FEIM and a new sub-advisory agreement with Napier Park, which are substantially similar to the prior agreements and were approved by the Fund's initial shareholder and the Board of Trustees of the Fund to take effect upon closing of the transaction, are now in effect and will provide for continuation of the Fund's investment program without interruption.

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The information in this Supplement modifies the First Eagle Real Estate Debt Fund's Prospectus dated March 27, 2025 and the First Eagle Real Estate Fund's Statement of Additional Information dated March 27, 2025. In particular, and without limitation, the information contained in this Supplement modifies (and if inconsistent, replaces) information contained in the sections of the Prospectus entitled "Conflicts of Interest Relating to Affiliates," "Principal Risks of the Fund – Conflicts of Interest Relating to Affiliates" and "Management of the Fund" and the sections of the Statement of Additional Information entitled "Investment Advisory and Other Services" and "Conflicts of Interest." Any references to the continuing ownership of FE Holdings by Blackstone Inc. ("Blackstone") and Corsair Capital LLC ("Corsair") are superseded and removed. The discussions of conflicts of interest relating to FEIM's affiliates are also amended to remove references to Blackstone and Corsair and should now be understood to describe similar and corresponding conflicts of interest that will exist, to the extent applicable, with regard to Genstar Capital.

\* \* \* \*

**<u>Investors Should Retain this Supplement for Future Reference</u>**

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