Federated Hermes Expands Private Markets Reach with FCP Fund Manager Acquisition

October 24, 2025 - 12:41

In a strategic move to bolster its private markets and alternatives investment capabilities, Federated Hermes has announced its agreement to acquire a majority interest in FCP Fund Manager, L.P. This privately held real estate investment manager currently oversees client assets totaling $3.8 billion as of June 30, 2025.

This acquisition underscores Federated Hermes' commitment to enhancing its investment offerings in the United States, particularly in the real estate sector. The integration of FCP Fund Manager is expected to provide Federated Hermes with a robust platform to expand its presence in the growing alternative investment landscape.

The decision to acquire a majority stake aligns with the firm’s broader strategy to diversify its investment portfolio and cater to the evolving needs of its clients. By leveraging FCP's expertise and established client base, Federated Hermes aims to strengthen its position as a leader in the private markets arena, ultimately driving growth and delivering value to its stakeholders.