First Eagle Alternative Credit LLC, an alternative credit manager for both direct lending and investments with approximately $21 billion in assets under management, has promoted Robert Hickey to deputy chief investment officer, tradable credit and Michelle Handy to deputy chief investment officer, direct lending.

Hickey will oversee the over $15 billion business unit’s operations and investment decisions. He joined the firm in 2004 and was formerly senior portfolio manager on First Eagle Alternative Credit’s tradable credit team.

Handy will help oversee the firm’s lending operations and investment decisions of the almost $6 billion direct lending platform. Handy joined the firm in 2016 and was previously managing director and the head of portfolio and underwriting on First Eagle’s direct lending platform.