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Federated Hermes to buy majority stake in real estate investment manager for $331M

Federated Hermes (NYSE:FHI) agreed to acquire an 80% stake in FCP Fund Manager, a privately held U.S. real estate investment manager with $3.8B of client assets, for up to $331M in cash and stock, the ...
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Federated Hermes, Inc. agrees to acquire a majority interest in FCP Fund Manager, L.P., a privately held real estate investment manager with client assets of $3.8 billion as of ...

PITTSBURGH, Oct. 23, 2025 /PRNewswire/ -- Federated Hermes, Inc., a global leader in active investing, has reached a definitive agreement to acquire 80% of FCP Fund Manager, L.P. (FCP), a privately ...