Federated Hermes Acquires Majority in FCP Fund Manager

Federated Hermes, Inc. has agreed to acquire a majority interest in FCP Fund Manager, L.P., a privately held real estate investment manager. FCP Fund Manager reported client assets of $3.8 billion as of June 30, 2025.

The transaction is described as expanding Federated Hermes’ U.S. real estate platform. The deal is listed as closed.