Seller Details:
FCP is a privately held U.S. real estate investment manager based in Chevy Chase, Maryland. FCP specializes in investing across the U.S. Multifamily asset class deploying capital through predominantly equity and several debt vehicles. The Company has invested in, operated and/or financed more than $14.6 billion in gross asset value since inception, including more than 75,000 multifamily apartment units. They have six regional U.S. offices and deep local coverage of 19 priority U.S. markets that provide meaningful local knowledge and capability in high-growth areas of the country.
Buyer Details:
Federated Hermes, Inc. (“FHI”) is a global leader in active investment management, with $845.7 billion in assets under management, as of June 30, 2025. They deliver investment solutions that help investors target a broad range of outcomes and provide equity, fixed-income, alternative/private markets, multi-asset and liquidity management strategies to more than 10,000 institutions and intermediaries worldwide. Their clients include corporations, government entities, insurance companies, foundations and endowments, banks and broker/dealers. Headquartered in Pittsburgh, Federated Hermes has more than 2,000 employees in London, New York, Boston and offices worldwide.
Transaction Summary:
FHI reached a definitive agreement to acquire 80% of FCP. The transaction will introduce additional expertise as Federated Hermes seeks to develop product solutions for its clients at a time of increasing demand for the private markets asset class. Additionally, this transaction will:
• Reinforces Federated Hermes’ publicly stated commitment to expand its private markets/alternatives investment capabilities, particularly in the United States
• Expands Federated Hermes’ real estate capabilities into major U.S. markets, complementing its U.K. business
• Boosts FCP’s institutional strength to support its growth