Fortress Investment Group

1345 Avenue of THE Americas
New York, NY 10105

Website: fortress.com

Firm Size

• Assets Under Management (AUM):$99.4 Billion
• Number of Funds:344
• Employees:959
• Firm Type:Hedge Fund

Description

Fortress Investment Group is an investment firm based in New York, NY. Established in 1998, the company focuses on managing alternative assets, including private equity, credit, and real estate. With over $53 billion in assets under management, Fortress has positioned itself as a leading global investment manager. The firm employs a unique investment strategy that combines deep industry knowledge, strong operational expertise, and financial proficiency. This approach allows Fortress to generate stable, long-term returns for its investors. The company operates across different sectors, including transportation, infrastructure, healthcare, real estate, and energy. What sets Fortress apart from its competitors is its ability to adapt to the ever-changing market conditions. The firm is known for its opportunistic investments and has a proven track record of identifying undervalued assets and turning them into profitable ventures. Additionally, Fortress is known for its active approach to investing, engaging in comprehensive due diligence and actively managing its portfolio companies. As of 2021, Fortress Investment Group operates as a subsidiary of SoftBank Group Corp, a multinational conglomerate. Under the umbrella of SoftBank, Fortress continues to pursue its investment strategies and offer comprehensive financial solutions to its global client base. Overall, Fortress Investment Group has established itself as a reputable investment firm, with a strong focus on alternative assets and a history of delivering impressive returns to its investors.

Latest News

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Sep 06, 2023: Pathlight Capital Serves as Documentation Agent for Beyond Finance on $635MM Credit Facility Upsize
Pathlight Capital LP ("Pathlight") announced it is serving as the Documentation Agent on a senior secured delayed-draw term loan facility (the "Credit Facility") for Beyond Finance, LLC ("Beyond" or the "Company"), a provider of success fee-based debt resolution services. The Credit Facility was recently increased from $400 million up to $635 million with proceeds used to support the Company's ongoing operations and enhance their growth initiatives. Comvest Credit Partners, a leading provider of flexible direct financing solutions to middle-market companies, served as Administrative Agent. Funds managed by affiliates of Fortress Investment Group LLC also participated as a lender in the transaction.

Jul 31, 2023: VICE Media Group Completes Sale to Lenders
VICE Media Group today announced the completion of its sale to a consortium of its former lenders (the "Investor Group"), which consists of funds managed by affiliates of Fortress Investment Group LLC ("Fortress"), Soros Fund Management and Monroe Capital.

Jun 23, 2023: Court Approves VICE Media Group Purchase Agreement by Lenders
VICE Media Group today announced that the U.S. Bankruptcy Court for the Southern District of New York (the "Court") has approved the previously announced asset purchase agreement ("APA") with a consortium of its lenders (the "Investor Group"). The Investor Group includes Fortress Investment Group, Soros Fund Management and Monroe Capital. Pursuant to the APA, which has been amended, the Investor Group has agreed to provide total purchase consideration of approximately $350 million in the form of a credit bid for substantially all of the Company's assets, in addition to the assumption of significant liabilities upon closing.

May 15, 2023: VICE Media Group Enters Into Purchase Agreement with Lender Consortium
VICE Media Group today announced that it has agreed to the terms of an asset purchase agreement ("APA") with a consortium of its lenders (the "Lender Consortium"), pursuant to which the Lender Consortium has agreed to purchase the Company, subject to higher and better bids from other parties and to the terms of the APA. The Lender Consortium includes Fortress Investment Group, Soros Fund Management and Monroe Capital, and has agreed to provide total purchase consideration of approximately $225 million in the form of a credit bid for substantially all of the Company's assets, in addition to the assumption of significant liabilities upon closing.

Apr 06, 2023: Turning Rock Partners Hires New Senior Vice President of Investor Relations
Turning Rock Partners ("TRP" or "Turning Rock"), a New York -based private investment firm, has hired Guantong "GT" Sun as its new Senior Vice President of Investor Relations. Mr. Sun has 15 years of experience in building effective teams and robust operational processes enabled by data, analytics, and technology.