US-based private investment firm Federated Investors has acquired a 60% stake in London-based Hermes Fund Managers, the parent of Hermes GPE, for £246m.
Renaud Tourmente will join as partner and be part of Capzanine's executive committee
Hitzinger was undergoing self-administration before the consortium acquired the company
Graftys sells products in 25 countries and plans to penetrate new markets with the funding
US pension has targeted $80m for new private markets commitments through the rest of 2019