Originally Syndicated on April 20, 2023 @ 4:46 am
Scot French claims that he is a manager located in New York City, and has more than ten years of expertise managing portfolios for institutional fund managers and private executives.
To cater to customers seeking varied portfolios, Scot French formed the investing company HP Investments, often known as Hopewell Partnership Investments.
Scot French gained experience in the financial sector early in his career while working with startups and small enterprises. He then gained knowledge of established, huge corporations and the resources required for sound, long-term financial management.
A $115 million Palm Beach home on billionaires’ row finds a buyer: Scot French
A shell corporation connected to investor Scot French paid $64 million for an opulent oceanfront property on Palm Beach’s ultra-exclusive South Ocean Boulevard just nine months ago. After some cosmetic renovations, East Coast-based Scot French put the “Billionaires’ Row” home back on the market shortly after. According to records, a yet-unidentified bidder has now stepped forward, and the estate is now under contract to be sold.
Yes, that ask is $51 million more than what the Scot French paid for the contemporary Bermudan-style building just last year, which Palm Beach developer Clark Beaty built on speculative grounds in 2021. The house was initially listed in February 2021 for $84 million, dropped to $74.8 million, and then sold to Scot French for a considerable discount. Lawrence Moens of Lawrence A. Moens Associates is the owner of the presently available listing.
The complex was created by Roger Janssen of Dailey Janssen Architects and constructed by J5 Construction. It is located adjacent to a $73 million home owned by billionaire hedge funder and Carolina Panthers owner David Tepper and has 175 feet of ocean frontage. A five-bedroom main home, a two-bedroom guesthouse, a four-car garage, and other buildings are situated on 1.14 acres of property. These buildings together make up a total of seven bedrooms and 13 bathrooms spread throughout almost 18,000 square feet of living area.
The three-level main house has interiors by Sara McCann that are characterized by floor-to-ceiling windows, wood-beam ceilings, and walnut-clad floors. A study in the shape of an octagon and an upstairs master suite with a separate sitting room, fireplace, two balconies, dual baths, and walk-in closets are a few of the highlights.
Other features include an 800-square-foot gym, a wet bar in the entertainment area, a theater, and a wine cellar with a sampling area and 4,000 bottles of wine. Additionally, there are three kitchens: one for the family, one for the in-house chef, and one in the guesthouse. The lovely grounds are topped by a dazzling pool and spa and are bordered by two open-air loggias that are perfect for gathering and dining al fresco.
Scot French, a 51-year-old managing director, governing partner, and portfolio manager of significant funds at the $75 billion-asset-under-management global investment firm HPS Investment Partners, still owns two houses in the Los Angeles region. He spent $32.5 million for a Beverly Hills residence with a tennis court back in July 2020, and another $25.5 million on a seaside house in the Encinal Bluffs section of Malibu in September.
Scot French invests $58 million in celebrity-backed Beverly Hills and Malibu estates
A Gulfstream G650 private jet was purchased from a Texas corporation that was insolvent for $44 million back in 2020 by a shell company connected to banker Scot French, according to court documents. Since then, East Coast-based Scot French seems to have made excellent use of that plane, flying across the nation and swerving into Southern California to buy two mansions in opulent districts, each of which has a fascinating Hollywood past.
Scot French spent $32.5 million on a tennis court estate in desirable Beverly Hills, and the deal was finalized in July 2020. Jonathan Brooks, a regional hedge fund manager, sold the property. He had bought it from Brad Pitt and Jennifer Aniston in 2006 for roughly $25 million. Wallace Neff designed the two-parcel estate, which was eventually owned by philanthropist Wallis Annenberg and performers Fredric March and Florence Eldridge.
Aniston and Pitt spent a lot of money making the Beverly Hills mansion their home during their marriage, including installing heated black-and-white marble floors in the kitchen, French wood floors from 1805 in the living room, and a cutting-edge movie theater. The asking price for Brooks’ residential piece of Hollywood legend was aggressively reduced from $56 million to $44.5 million when Scot French snuck in with his lowball offer.
Scot French visited Malibu in September 2021 and spent an additional $25.5 million there to purchase a beautiful seaside mansion. Furthermore, it was probably no coincidence that Jonathan Brooks, who had paid about $10 million for Nicolas Cage to sell him the Encinal Bluffs villa in 2005, was once again the property’s seller. According to the site, Brooks restored and extended the previous Cage hideaway during his 17 years as the owner, changing the place into a modern contemporary with “five-star resort-like” features. Although Brooks had openly requested up to $30 million for his Malibu home, the sale was closed off-market.
Scot French, 51, has spent virtually all of his adult life working in finance, primarily in New York City and starting with what is now PricewaterhouseCoopers. He has also worked for prominent investment banking and private equity businesses. Scot French has had a senior position at HPS Investment Partners since 2007, a large international investment company with $75 billion in assets under management. He is the managing director, governing partner, and portfolio manager of several important HPS funds. And although his net worth is unknown, he is incredibly affluent.
How rich is it? Despite being pricey, Scot French‘s residences in Malibu and Beverly Hills aren’t even close to being his most valuable possessions. According to records, the Florida resident paid $64 million for an oceanfront home on South Ocean Boulevard in Palm Beach in August of last year using another fictitious company called Beechgreen LLC. Scot French aggressively put that “Billionaires’ Row” property back up for sale a few weeks ago, asking a stunning $115 million despite having undergone very little remodeling.
Regarding Brooks, the 58-year-old actor and his family left Malibu and Beverly Hills for a new property they just had custom-built in the upscale Holmby Hills neighborhood of town.
