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Leadership & Governance

Publicly identified ownership, governance, investment leadership and executive structure.

How to read this structure

Ownership answers who controls Opus. The Management Committee provides governance oversight. Investment leadership and the Investment Committee address applicable Opus investment decisions. Legal/compliance and finance/reporting are distinct functional verticals. Historical facts are labeled separately from current roles.

  • FBE Limited LLC owns 100% of Opus Investment Management LLC
  • Fruchthandler Descendants Partnership holds more than 25% of FBE Limited LLC
  • Individual family ownership percentages are not publicly disclosed
  • Management Committee is distinct from the Investment Committee
  • Regulatory AUM of $331.85M is as of March 31, 2026 and is not family net worth

Leadership & Governance

Opus Investment Management LLC

Publicly identified ownership, governance, investment leadership and executive structure.

Parent
FBE Limited LLC
Regulatory AUM
$331.85M
As of
March 31, 2026
Reported employees
8
Investment-advisory
6 · Regulatory filing data
  • Family controlled
  • Private investment platform
  • Alternative investments
  • Publicly identified leadership
  • Solid line indicates ownership. Ownership
  • Dashed line indicates governance or oversight. Governance / Oversight
  • Dotted pattern indicates association. Association
  • Muted line indicates historical relationship. Historical

Highest priority · Ownership & control

Ownership structure

Who owns Opus is distinct from who manages investments day to day.

>25% disclosed interest
100%

Public records identify the Fruchthandler family as the ultimate family ownership group. Individual family ownership percentages are not publicly disclosed.

Governance body — not a board of directors

Management Committee

Governance and executive oversight

Fruchthandler Family
Current

Abraham H. Fruchthandler

Chairman

  • Chairman of the Opus Management Committee
  • Managing Member of FBE Limited
  • Senior family investment decision-making
  • Strategic oversight of FBE investment activities
Fruchthandler Family
Current

Yehoshua Leib Fruchthandler

Management Committee Member

  • Family investment management
  • Real-estate investment and development
  • Participation in Opus management oversight
  • Participation in FBE investment activities
Professional Executive
Current

Alan H. Schechter

CFO / Management Committee Member

  • Finance
  • Accounting
  • Financial reporting
  • Tax planning / reporting

Investment Leadership

Portfolio, sourcing and investment-management responsibilities

Fruchthandler Family
Current

Isaac Philip Fruchthandler

Managing Member, Opus Capital

COO, Fund-of-Funds Division

Investment Committee Member

  • Fund-of-funds operations
  • Portfolio construction
  • Hedge-fund investment oversight
  • Manager due diligence
Professional Executive
Current

M. Jake Arjang

COO, Opus Capital

Chief Portfolio Officer

Investment Committee Member

  • Portfolio oversight
  • Fund-of-funds operations
  • Investment analysis
  • Portfolio monitoring
Professional Executive
Current

Gabe Judah Feder

Chief Sourcing Officer

Investment Committee Member

  • Investment sourcing
  • Manager sourcing
  • Private-equity opportunities
  • Due diligence

Distinct from Management Committee

Investment Committee

Fund-of-funds investment decision architecture

Investment committee responsibilities relate to applicable Opus investment activities and operate subject to the overall governance and supervision of the Management Committee.

Fruchthandler Family
Current

Isaac Philip Fruchthandler

COO, Fund-of-Funds Division

Investment Committee Member

  • Fund-of-funds operations
  • Portfolio construction
  • Hedge-fund investment oversight
  • Manager due diligence
Professional Executive
Current

M. Jake Arjang

Chief Portfolio Officer

Investment Committee Member

  • Portfolio oversight
  • Fund-of-funds operations
  • Investment analysis
  • Portfolio monitoring
Professional Executive
Current

Gabe Judah Feder

Chief Sourcing Officer

Investment Committee Member

  • Investment sourcing
  • Manager sourcing
  • Private-equity opportunities
  • Due diligence

Functional Leadership

Legal, compliance, finance and reporting operate as distinct verticals.

Legal & Compliance

Professional Executive
Current

Neil Avery Simon

Chief Compliance Officer / General Counsel

  • Regulatory compliance
  • Legal oversight
  • Investment structuring
  • Transaction support
  • Governance

Finance & Reporting

Professional Executive
Current

Alan H. Schechter

CFO / Management Committee Member

  • Finance
  • Accounting
  • Reporting
  • Tax
  • Financial controls
Professional Executive
Current

Josh Raphael Spierer

Chief Accounting & Reporting Officer

  • Finance
  • Accounting
  • Reporting
  • Tax
  • Financial controls

Additional Publicly Associated Leadership

Public association is shown with explicit status qualification where current regulatory roster confirmation differs from public materials.

Professional Executive
Publicly associated

Lindsey Sichel Rubinstein

Chief Marketing & Investor Relations Officer

  • Investor relations
  • Capital formation
  • Strategic relationships
  • Product development

Association is not claimed as direct ownership unless the public record establishes it.

Core entities

Property / investment entities

Shown with lower visual priority. Association does not imply wholly owned subsidiary status.

EntityRelationshipStatusEvidence
Emerald Hollywood Manager LLCManager LLC associated with the FBE network (association ≠ proven 100% ownership)Current / historicalFlorida records
4000 North 56th Owner LLCProperty-level entity associated with the FBE networkCurrent / historicalFlorida records
Emerald Waters G Owner LLCProperty-level entity associated with the FBE networkCurrent / historicalFlorida records

Institutional timeline

  1. 1973

    Historical

    Predecessor FBE Limited

    Abraham Fruchthandler identified as a general partner of the predecessor FBE Limited.

  2. 1977–1986

    Historical

    Olympia & York associations

    FBE partnership relationship with Olympia & York (historical association; not ownership of Olympia & York).

  3. 2003

    Historical

    Opus Fund activity

    Opus Fund investment activity begins.

  4. 2007

    Historical

    Current FBE Limited LLC

    Current Delaware FBE Limited LLC formed.

  5. 2015

    Historical

    New York registration

    FBE registers in New York.

  6. 2017

    Historical

    Upper Manhattan multifamily

    Upper Manhattan multifamily acquisition.

  7. 2019

    Historical

    Story Avenue Bronx

    Story Avenue Bronx acquisition.

  8. 2021

    Historical

    SEC adviser registration

    Current SEC investment-adviser registration effective.

  9. 2022

    Historical

    Florida multifamily expansion

    FBE expands Florida multifamily activity.

  10. 2024

    Historical

    Private Equity Opportunity Fund

    Opus Private Equity Opportunity Fund.

  11. 2026

    Current

    Regulatory AUM & leadership

    Current regulatory AUM / leadership data (as of March 31, 2026).

Family Economic Profile

Personal Net Worth

Not publicly verifiable

FBE Net Worth

Not publicly disclosed

Documented Economic Scale

Substantial real-estate and alternative-investment activity documented through public records.

Portfolio transaction values and reported investment interests should not be interpreted as consolidated family net worth.

$331.85M

Regulatory AUM

March 31, 2026

Regulatory assets under management reported for Opus Investment Management LLC. This is not a measure of FBE Limited’s assets or the Fruchthandler family’s net worth.

8 reported employees · 6 investment-advisory employees · Regulatory filing data

Leadership information is drawn from regulatory filings and official firm materials. Conflicts between public biographies and current related-person rosters are disclosed where identified. Unsupported ownership percentages and net-worth estimates are omitted.

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