Fremont Group

Fremont Group was established in 1986 as the formal investment arm of the Bechtel family to manage their long-term capital across diverse asset classes and separate these activities from the Bechtel Corporation's engineering and construction operations. Formerly known as Bechtel Investments, the firm rebranded to Fremont Investors, Inc. in 1993 and later adopted the name Fremont Group.

During the late 1980s and 1990s, the firm expanded its mandate from passive holdings to direct private equity transactions and control investments. The organization evolved to include dedicated teams for various strategies, including hedge funds, real estate, and venture capital, emphasizing long-term partnership-based strategies over short-term financial engineering.

The firm operates through three primary business areas: FPR Partners (hedge fund), Fremont Realty Capital (real estate), and Fremont Ventures (venture capital). Notable historical activity includes the spin-out of its private equity arm, Fremont Partners, which rebranded as Calera Capital in 2007.