SCHEDULE 13D

First Eagle Real Estate Debt Fund

Class I Common Shares of Beneficial Interest, $0.001 par value · CUSIP: 32009F100

Event date: 2025-03-31

Reporting persons may disclose overlapping interests. Their amounts are shown individually and are not added into a filing total.

Filing-level shares

Unavailable

Percent of class

Unavailable

• Bleichroeder LPReported CIK 0001781002

  Shares: 380,000 · Class: 99%

• Bleichroeder Holdings LLC

  Shares: 380,000 · Class: 99%

• Andrew Gundlach

  Shares: 380,000 · Class: 99%

Amounts are as disclosed in this filing. Schedule type alone does not establish investment intent.