Fremont Group
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Fremont Group is a private investment group based in San Francisco, California, USA. It was formerly known as Bechtel Investments, reflecting its ownership by the Bechtel family.
The firm is comprised of three business areas:
- FPR Partners - a hedge fund
- Fremont Realty Capital - a real estate investment firm
- Fremont Ventures - a venture capital investment firm
[edit] Other Organizations
In 2007, Calera Capital, a San Francisco based private equity firm that spun out of the Fremont Group (its first institutional investor), changed its name from Fremont Partners as part of a rebranding effort in advance of raising its fourth private equity fund.[1]
The Fremont Group also makes a note of distinguishing itself from Fremont General Corp, a financial services company and Fremont Investment & Loan, a retail bank.
[edit] Controversy
On May 5, 2003, The New Yorker ran an article revealing that the bin Laden family has invested $10 million in The Fremont Group.[2] [3]
The investments represent a small fraction of the assets managed by Fremont, which has counted former Secretary of State George P. Shultz as a director.[4]
[edit] References
- Fremont Group (official website)
- ^ www.caleracapital.com/pdf/20070222.pdf (Reprint from TheDeal.com, February 2007)
- ^ The Contractors (by Jane Mayer. The New Yorker, May 5, 2003)
- ^ The Bechtel-bin Laden connection (CNNMoney.com)
- ^ Bin Laden Family, With Deep Western Ties, Strives to Re-establish a Name (New York Times, 2001)
