Federated Hermes, Inc. · NYSE:FHI
Federated Hermes — Merger or Acquisition (October 2025)
10 slides from Federated Hermes's merger presentation, Oct 24, 2025
Slide 1: Acquisition of FCP Fund Manager, L.P.
Federated Hermes, Inc. Acquisition of FCP Fund Manager, L.P. October 24, 2025 1
Slide 2: Forward-looking information
Forward-looking information This presentation contains certain forward-looking statements within the meaning of Section 21E of the Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended. Forward-looking statements can include statements that do not relate strictl
Slide 3: Strategic Rationale
Strategic Rationale FHI’s acquisition of 80% of FCP Fund Manager, L.P. (FCP) significantly enhances its private markets footprint ▪ Significantly expands FHI’s U.S. based private markets investment presence Expansion ▪ Expands FHI’s private markets real estate business into North America, a market r
Slide 4: FHI's Private Markets / Alternatives Capabilities
FHI’s Private Markets / Alternatives Capabilities ▪ Private markets / alternatives AUM: $19.0 billion as of September 30, 2025 ▪ Track record spans four decades and approach built on longstanding partnerships ▪ In 1983, made first private markets investment in real estate ▪ Specialist private market
Slide 5: Overview of FCP
Overview of FCP FCP is a market-leading real estate investment and property management firm ▪ FCP: Founded in 1999, FCP is focused on multifamily real estate with $3.8bn of AUM as of June 30, 2025. Since inception, has invested in or financed more than $14.6 billion of residential and commercial rea
Slide 6: Experienced Team Poised for Growth
Experienced Team Poised for Growth ▪ FCP is led by an experienced executive management team with a track record that spans multiple cycles; next level of leadership is firmly in place and committed to leading the business for the long-term ▪ FCP’s seven-member investment committee has an average of
Slide 7: FCP Highlights
FCP Highlights 1 Balanced Investment Platform 2 Dynamic Investment Strategy • FCP: a residential-focused investment manager with a leading position in • Capabilities across multifamily space and throughout capital stack result in U.S. multifamily real estate real-time, comprehensive understanding of
Slide 8: AUM by Investment Vehicle Type
AUM by Investment Vehicle Type FCP has firmly established itself as a preeminent multifamily investment platform in the U.S. FCP AUM (as of 6/30/2025) Flagship Value- Capital Vintage Status ·,D~ 1 1B Housing Preservation Add Fund Series Raise $0,.5 B Open-End Fund M ul1:ifamily 1 Focused Fund I $240
Slide 9: Transaction Detail
Transaction Detail Transaction is landmark event for FHI as it further develops its strategic vision of becoming a global private markets enterprise ▪ Acquisition of an 80% interest in FCP for $239mm in upfront consideration ($215.8mm in cash and $23.2mm in FHI shares, subject to a two-year lockup f
Slide 10: Important Information Regarding Non-GAAP Financial Measures
Important Information Regarding Non-GAAP Financial Measures As used in this presentation, FCP projected EBITDA refers to FCP’s projected earnings before deducting interest, taxes, depreciation and amortization, as provided by FCP to FHI as part of its March 2025 Confidential Information Memorandum,
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