AcquisitionsApr 9, 2026, 04:31 PM
Federated Hermes Closes Acquisition of 80% Stake in FCP Fund Manager for Up to $331 Million
AI Summary
Federated Hermes, Inc. (FHI) has completed its previously announced acquisition of an 80% interest in FCP Fund Manager, L.P., a privately held U.S. real estate investment manager. The aggregate purchase price for the transaction is valued at up to $331 million, comprising $215.8 million in cash, $23.2 million in Federated Hermes Class B common stock, and potential contingent consideration of up to $92 million. This strategic acquisition is expected to significantly expand FHI's private market offerings and leverage FCP's established leadership in the real estate sector, enhancing FHI's diversified investment capabilities.
Key Highlights
- Federated Hermes, Inc. (FHI) completed the acquisition of an 80% interest in FCP Fund Manager, L.P.
- The aggregate purchase price for the acquisition is up to $331 million.
- The payment structure includes $215.8 million in cash and $23.2 million in Federated Hermes Class B common stock.
- An additional potential contingent consideration of up to $92 million is payable over multiple periods.
- FCP Fund Manager, a Chevy Chase, Maryland-based U.S. real estate investment manager, has been renamed Federated Hermes FCP Manager, LLC.
- The acquisition is expected to expand FHI’s private market offerings and leverage FCP’s leadership position.