Fremont Group Explained

Fremont Group
Type:Private
Industry:Financial services
Hq Location City:San Francisco, California
Hq Location Country:United States
Area Served:United States
Owners:-->
Website:Fremont Group

Fremont Group is a private investment group based in San Francisco, California, United States. It was formerly known as Bechtel Investments up until 1993, reflecting its ownership by the Bechtel family.[1] In 1993, its name was officially changed to Fremont Investors, Inc.[2]

Organizations

The firm consists of three business areas:

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.[3]

The Fremont Group also distinguishing itself from Fremont General Corp, a financial services company and Fremont Investment & Loan, a retail bank.

Controversy

On May 5, 2003, The New Yorker ran an article revealing that the bin Laden family had invested $10 million in The Fremont Group.[4] [5] The investments represented a small fraction of the assets managed by Fremont.[6]

See also

External links

Notes and References

  1. Web site: HISTORY. www.fremontgroup.com.
  2. Web site: History.
  3. http://www.caleracapital.com/pdf/20070222.pdf www.caleracapital.com/pdf/20070222.pdf
  4. http://www.newyorker.com/archive/2003/05/05/030505ta_talk_mayer?printable=true The Contractors
  5. https://money.cnn.com/2003/05/05/news/companies/war_bechtel/ The Bechtel-bin Laden connection
  6. https://query.nytimes.com/gst/fullpage.html?res=9F01E6D61F31F93BA15753C1A9679C8B63&sec=&spon=&pagewanted=2 Bin Laden Family, With Deep Western Ties, Strives to Re-establish a Name