Federated Hermes, Inc. has completed its $331-million acquisition of an 80% majority
majority interest in FCP Fund Manager, L.P., a privately held US real estate investment
manager based in Chevy Chase, MD. In connection with the closing, FCP Fund Manager, L.P.
converted to a Delaware limited liability company named Federated Hermes FCP Manager, LLC.
Founded as a specialist in the US multifamily sector, FCP invests across the US multifamily asset
class through predominantly equity and several debt vehicles. Since its inception in 1999, the firm has
invested in, operated and/or financed more than $14.8 billion in gross asset value, including more
than 75,000 multifamily units. FCP’s 75-plus-member team will continue operating from its
existing locations.
First announced last October, the acquisition aligns with Federated Hermes’ strategy to expand its private markets and alternatives capabilities globally. It also complements Federated Hermes’ longstanding
UK real estate operations, which had $5.3 billion in assets under management as of Dec. 31, 2025.
Dec. 31, 2025.
J. Christopher Donahue, president and CEO, Federated Hermes, said, “FCP’s longstanding track record of delivering attractive risk-adjusted returns, together with its deep local market knowledge, provides an exceptional platform for long-term growth.”
Pictured: Mira and Ador, an apartment project in Arlington, VA for which FCP provided $47.1 million financing.
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