TCRD THL Credit Inc

CUSIP No. 26943B100

1) Names of Reporting Persons I.R.S. Identification Nos. of Above Persons
    (Entities Only)

       Fiera Capital Corporation

2) Check The Appropriate Box If a Member of a Group (See Instructions)

(A) [ ]
(B) [ ]

3) SEC Use Only


4) Citizenship or Place of Organization

        Canada

Number of Shares Beneficially Owned by Each Reporting Person With:

5) Sole Voting Power 1,737,981

6) Shared Voting Power 0

7) Sole Dispositive Power 1,737,981

8) Shared Dispositive Power 0


9) Aggregate Amount Beneficially Owned by Each Reporting Person

        1,737,981


10) Check If the Aggregate Amount in Row (9) Excludes Certain Shares
(See Instructions)

        [ ]

11) Percent of Class Represented by Amount in Row (9)

        5.8%

12) Type of Reporting Person (See Instructions)

        FI


Item 1.
(a) Name of Issuer:

       First Eagle Alternative Capital BDC, Inc.

(b) Address of Issuer's Principal Executive Offices:

       500 Boylston Street
       Suite 1200
       Boston MA
       02116, US


Item 2.
(a) Name of Person Filing:

       Fiera Capital Corporation

(b) Address of Principal Business Office or, if none, Residence:

       1981, avenue McGill College Suite 1500,
       Montreal, Quebec,
       Canada, H3A 0H5

(c) Citizenship:

        Canada

(d) Title of Class of Securities:

       Common Shares

(e) CUSIP Number:

       26943B100

Item 3. If this statement is being filed pursuant to Rule 13d-1(b), or
13d-2(b) or (c), check whether the person filing is:

(a) [ ] Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b) [ ] Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c) [ ] Insurance company as defined in section 3(a)(19) of the Act
        (15 U.S.C. 78c);
(d) [ ] Investment company registered under section 8 of the Investment
         Company Act of 1940 (15 U.S.C 80a 8);
(e) [ ] An investment adviser in accordance with 240.13d 1(b)(1)(ii)(E);
(f) [ ] An employee benefit plan or endowment fund in accordance with
        240.13d 1(b)(1)(ii)(F);
(g) [ ] A parent holding company or control person in accordance with
        240.13d 1(b)(1)(ii)(G);
(h) [ ] A savings associations as defined in Section 3(b) of the Federal
        Deposit Insurance Act (12 U.S.C. 1813);
(i) [ ] A church plan that is excluded from the definition of an investment
        company under section 3(c)(14) of the Investment Company Act
        of 1940 (15 U.S.C. 80a 3);
(j) [X] A non-U.S. institution in accordance with 240.13d 1(b)(1)(ii)(J);
(k) [ ] Group, in accordance with 240.13d 1(b)(1)(ii)(K).
If filing as a non-U.S. institution in accordance with 240.13d 1(b)(1)(ii)(J),
please specify the type of institution: equivalent to an investment advisor.
         [ ] If this statement is filed pursuant to 13d 1(c), check this box


Item 4. Ownership:

   (a) Amount Beneficially Owned: 1,737,981

   (b) Percent of Class: 5.8%

   (c) Number of Shares as to which such person has:

   (i)   Sole power to vote or direct the vote: 1,737,981

   (ii)  Shared power to vote or direct the vote: 0

   (iii) Sole power to dispose or direct the disposition of: 1,737,981

(iv) Shared power to dispose or direct the disposition of: 0

Item 5. Ownership of Five Percent or Less of a Class:

If this statement is being filed to report the fact that as of the date hereof
the reporting person has ceased to be the beneficial owner of more
than five percent of the class of securities check the following        [ ]

Item 6. Ownership of More than Five Percent on Behalf of Another Person:

Fiera Capital Corporation and its wholly-owned affiliates act as an investment
adviser on behalf of clients who are known to have the right to receive or the
power to direct the receipt of dividends from, or the proceeds from the sale
of, the Common Shares of First Eagle Alternative Capital BDC, Inc. Other than
Fiera Capital Corporation and its wholly-owned affiliates, no one other
person's interest in the Common Shares of First Eagle Alternative Capital BDC,
Inc. is more than five percent of the total outstanding Common Shares.

Item 7. Identification and Classification of the Subsidiary which Acquired the
Security Being Reported on By the Parent Holding Company

        n/a

Item 8. Identification and Classification of Members of the Group

        n/a

Item 9. Notice of Dissolution of Group

        n/a

Item 10. Certification

By signing below I certify that, to the best of my knowledge and belief, the
securities referred to above were not acquired and are not held for the purpose
of or with the effect of changing or influencing the control of the issuer of
the securities and were not acquired and are not held in connection with or as
a participant in any transaction having that purpose or effect.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify
that the information set forth in this statement is true, complete and correct.


        Fiera Capital Corporation

        By: /s/ Thomas Di Stefano
Title: Interim Chief Compliance Officer

Date: February 9, 2021