Hermes GPE

What Hermes GPE does

Hermes GPE LLP, doing business as Federated Hermes Private Equity, is a London-headquartered private markets investment platform and wholly owned subsidiary of Federated Hermes Limited, which sits within publicly listed Federated Hermes, Inc. (NYSE: FHI). Founded as a fund-investing franchise in 1992 and headquartered at Sixth Floor, 150 Cheapside, London, the firm operates from additional offices in New York and Singapore, serving institutional clients including pension funds, sovereign wealth funds, and insurance companies seeking exposure to private equity, growth equity, and infrastructure.

The platform is built around four integrated strategies: co-investments alongside leading GPs in lower mid-market companies with enterprise values of $500 million or less, primary fund commitments with a focus on next-generation managers globally, secondaries covering both buy-side and sell-side opportunities, and bespoke strategies developed in collaboration with clients for specific mandates. Investment activities are supported by a 30-plus-year track record in fund investments and 20-plus-year co-investment track record, leveraging a global GP network and a longitudinal dataset of deal flow and performance. The firm holds no disclosed proprietary technology stack; its differentiation rests on relationships, track record, and investment judgment.

Hermes GPE earns revenue through two streams: asset management fees on committed capital in primary funds, co-investments, secondaries, and bespoke mandates, and performance fees or carried interest aligned with investment returns. Distribution is entirely direct-to-institution via a relationship-based sales model, with a dedicated investor relations team including a Head of Private Markets Sales ex US, marketing content via newsletters, insights portals, events, and EOS stewardship services. As of January 2026, the firm faces legal claims in the English High Court of Justice from a UK pension fund over a 2019 £90 million investment in Swedish onshore wind farms; Federated Hermes has stated it intends to defend the action.

Name

Hermes GPE

Legal name

Hermes GPE LLP

Website

https://hermesgpe.com

Company type

Private

Founded year

1992

Operating status

Operating

Headcount range

11–50 employees

Short description

Hermes GPE LLP, operating as Federated Hermes Private Equity, is a London-based private markets investment platform offering co-investments, primary funds, secondaries, and bespoke strategies to institutional investors including pension funds, sovereign wealth funds, and insurers.

Ownership category

akta.pro rank

Product category

Private Equity Fund Management

NAICS

Portfolio Management and Investment Advice (523940), Portfolio Management and Investment Advice (52394), Other Investment Pools and Funds (5259)

SIC

Investment Advice (6282)

akta.pro primary industry

Private Markets Fund of Funds (PE / VC / Private Credit FoF) (FSAHAKAF)

akta.pro secondary industries

GP-led Secondaries — Fund Restructurings / Tender Offers / Recaps (FSAHALAK), Advisory Portfolio Management (Non-Discretionary) (FSAAABAD), Portfolio Construction & Asset Allocation Advisory (FSAEAAAC)

Keywords

• Private equity funds
• Co-investment management
• Institutional asset management
• Private markets investing
• Secondary fund transactions

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D

Revenue model

1. Management fees: Asset management fees charged on committed investments in primary funds and co-investments managed by Hermes GPE for institutional clients.
2. Performance fees / Carried interest: Performance-based fees aligned with investment returns delivered to clients, typical structure for private equity fund managers.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

Hermes GPE is an institutional private markets investment platform managing investments across Private Equity, Growth Equity, and Infrastructure. The firm offers four integrated strategies: Co-investment (investing alongside leading GPs in lower mid-market companies), Primary Funds (focusing on next-generation managers globally), Secondaries (sell-side and buy-side market access), and Bespoke Strategies (customized solutions for specific client objectives). Target investments focus on companies with enterprise value of $500m or less.

Product overview

Federated Hermes Private Equity is a private markets investment platform offering a unified suite of private equity investment solutions. The core offering comprises four integrated strategies: (1) Co-investment, which actively invests alongside leading GPs directly in fast-growing lower mid-market companies; (2) Primary Funds, focusing on 'next-generation' managers globally; (3) Secondaries, providing liquidity through both sell-side and buy-side market access; and (4) Bespoke Strategies, offering customized investment approaches for specific client objectives. The platform targets companies with enterprise value of $500m or less, emphasizing growth buyouts and small/mid-sized high-growth companies. The four strategies work together to build diversified portfolios across theme, sector, vintage, and region, enabling clients to access hard-to-reach, high-growth private equity opportunities through a single partnership relationship.

Differentiator

Problem solved

Functional benefit

Products and services

• Private Equity Co-investment An investment strategy that actively invests alongside leading General Partners directly in fast-growing companies in the lower mid-market, forming an integral part of the Private Equity offering for institutional clients.
• Private Equity Primary Funds Active investment in primary funds with a particular focus on next-generation managers around the globe, targeting early vintage primary funds led by experienced executives who have spun out from larger organisations.
• Private Equity Secondaries Access to the secondary market through a dedicated team covering sell-side opportunities to proactively support liquidity needs of existing clients, as well as buy-side opportunities through a dedicated secondaries programme.
• Private Equity Bespoke Strategies Bespoke investment strategies developed in close collaboration with clients to meet specific investment objectives, including selectively managed separately managed discretionary and non-discretionary accounts.

Named customers2 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators3 records

Recent moves4 records

Expansion highlights5 records

Direct peers

• LGT Capital Partners: Swiss-based alternative investment manager with leading primary fund, secondary, and co-investment programs. Comparable to Hermes GPE on multi-strategy private equity solutions for institutional and family-office clients.
• Pantheon Ventures: Global private markets investor offering primary fund investments, co-investments, and secondaries. Closely comparable to Hermes GPE on the integrated primary/co-invest/secondaries platform targeting institutional LPs.
• StepStone Group: Publicly listed private markets investment firm focused on fund investments, co-investments, and secondaries. Comparable to Hermes GPE across strategies, client base (pensions, SWFs, insurers), and emphasis on customized solutions.
• HarbourVest Partners: Large global private markets manager offering primary, secondary, and co-investment solutions to institutional clients. Comparable to Hermes GPE on multi-strategy PE platform, institutional LP base, and secondary market activity.
• Lexington Partners: One of the largest dedicated secondary private equity and co-investment managers globally. Directly comparable to Hermes GPE's secondaries and co-investment capabilities and similar institutional client base.
• Adams Street Partners: Long-established global private markets fund-of-funds, co-investment, and secondaries manager. Directly comparable to Hermes GPE on multi-strategy private equity solutions, primary fund commitments, co-investments, and secondary purchases for institutional LPs.
• Mesírow Financial Private Equity Solutions: Mid-sized US private markets manager offering primary fund, co-investment, and secondary solutions to institutional investors. Closely comparable to Hermes GPE on multi-strategy, mid-sized PE fund-of-funds positioning.

Broad incumbents

• Goldman Sachs Asset Management Private Equity: Large incumbent offering primary, co-investment, secondary, and bespoke PE solutions to institutional LPs. Comparable to Hermes GPE in strategy mix but at materially greater scale and brand.
• Blackstone Private Equity (Blackstone Strategic Partners): Global alternatives giant with a large secondary, co-investment, and primary PE business via Strategic Partners. Overlaps with Hermes GPE in institutional secondaries and co-invests but operates across a much broader alternatives platform.
• BlackRock Private Equity: Incumbent alternatives platform offering private equity fund investments and secondaries alongside a broader multi-asset offering. Comparable to Hermes GPE in primary PE and secondaries but with a much larger balance sheet and distribution reach.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xtwitter.com/FedHermesLtd
• LinkedInlinkedin.com/company/federatedhermeslimited

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments25 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Hermes GPE