Fremont Group is a private investment group based in
San Francisco, California
San Francisco, officially the City and County of San Francisco, is a commercial, Financial District, San Francisco, financial, and Culture of San Francisco, cultural center of Northern California. With a population of 827,526 residents as of ...
, United States. It was formerly known as Bechtel Investments up until 1993, reflecting its ownership by the
Bechtel
Bechtel Corporation () is an American engineering, procurement, construction, and project management company founded in San Francisco, California in 1898, and headquartered in Reston, Virginia in the Washington metropolitan area. , the '' E ...
family. In 1993, its name was officially changed to Fremont Investors, Inc.
Organizations
The firm consists of three business areas:
* FPR Partners – a
hedge fund
A hedge fund is a Pooling (resource management), pooled investment fund that holds Market liquidity, liquid assets and that makes use of complex trader (finance), trading and risk management techniques to aim to improve investment performance and ...
* Fremont Realty Capital – a
real estate investment firm
* Fremont Ventures – a
venture capital
Venture capital (VC) is a form of private equity financing provided by firms or funds to start-up company, startup, early-stage, and emerging companies, that have been deemed to have high growth potential or that have demonstrated high growth in ...
investment firm
In 2007,
Calera Capital, a San Francisco-based
private equity
Private equity (PE) is stock in a private company that does not offer stock to the general public; instead it is offered to specialized investment funds and limited partnerships that take an active role in the management and structuring of the co ...
firm that spun out of the Fremont Group (its first
institutional investor
An institutional investor is an entity that pools money to purchase securities, real property, and other investment assets or originate loans. Institutional investors include commercial banks, central banks, credit unions, government-linked ...
), changed its name from Fremont Partners as part of a rebranding effort in advance of raising its fourth
private equity fund
A private equity fund (abbreviated as PE fund) is a collective investment scheme used for making investments in various equity (and to a lesser extent debt) securities according to one of the investment strategies associated with private equity.
...
.
The Fremont Group also distinguishing itself from Fremont General Corp, a
financial services
Financial services are service (economics), economic services tied to finance provided by financial institutions. Financial services encompass a broad range of tertiary sector of the economy, service sector activities, especially as concerns finan ...
company and Fremont Investment & Loan, a
retail bank
Retail banking, also known as consumer banking or personal banking, is the provision of services by a bank to the general public, rather than to companies, corporations or other banks, which are often described as wholesale banking (corporate ba ...
.
Controversy
On May 5, 2003, ''
The New Yorker
''The New Yorker'' is an American magazine featuring journalism, commentary, criticism, essays, fiction, satire, cartoons, and poetry. It was founded on February 21, 1925, by Harold Ross and his wife Jane Grant, a reporter for ''The New York T ...
'' ran an article revealing that the
bin Laden family
The bin Laden family (), also spelled bin Ladin, is a wealthy Hadharem, Hadhrami family intimately connected with the innermost circles of the House of Saud, Saudi royal family. It is the namesake and controlling shareholder of the Saudi Binladi ...
had invested $10 million in The Fremont Group. The investments represented a small fraction of the assets managed by Fremont.
Bin Laden Family, With Deep Western Ties, Strives to Re-establish a Name
(New York Times, 2001)
See also
* Calera Capital
References
External links
Fremont Group
(official website)
Bechtel
Companies based in San Francisco
Investment management companies of the United States
Hedge fund firms in California
Private equity firms of the United States
{{US-finance-company-stub