04:16 AM EDT, 10/24/2025 (MT Newswires) -- Federated Hermes ( FHI ) said late Thursday it has agreed to acquire an 80% stake in real estate investment manager FCP Fund Manager for up to $331 million.

The deal expands Federated Hermes' ( FHI ) real estate capabilities in major US markets, the company said.

The consideration consists of $215.8 million in cash, $23.2 million in Federated Hermes ( FHI ) class B shares, and up to $92 million in contingent payments.

Closing of the deal is expected in H1 2026, subject to certain conditions.