Federated Hermes, Inc. has announced its acquisition of a majority interest in FCP Fund Manager, L.P., a prominent U.S. real estate investment manager. This strategic move aligns with Federated Hermes' commitment to expanding its private markets and alternatives investment capabilities, particularly in the United States. The deal will significantly boost Federated Hermes' real estate presence in major U.S. markets, complementing its existing U.K. operations. FCP, with its $3.8 billion in client assets as of June 30, 2025, brings a strong institutional foundation and a dedicated team of 75+ professionals. This acquisition will enhance FCP's growth trajectory and solidify its position as a leading national real estate firm, benefiting both clients and stakeholders. The transaction, valued at up to $331 million, includes cash consideration, Federated Hermes Class B common stock, and contingent consideration, reinforcing Federated Hermes' commitment to private markets and its strategic expansion in the U.S. real estate sector.
