Fortress closes two funds

Fortress Investment Group today closed a pair of funds with a final total of $5 billion in third-party commitments.
JUL 26, 2007
By  Bloomberg
Fortress Investment Group LLC today closed a pair of funds with a final total of $5 billion in third-party commitments. The funds, Fortress Investment Fund V and Fortress Coinvestment Fund V, are the newest private equity vehicles offered by the New York-based asset manager. Fortress also said that it made a $275 million co-investment into Florida East Coast Industries, a Jacksonville, Fla. railroad and commercial real estate company. A number of Fortress-managed funds will acquire FECI, closing the transaction today.

Latest News

The power of cultivating personal connections
The power of cultivating personal connections

Relationships are key to our business but advisors are often slow to engage in specific activities designed to foster them.

A variety of succession options
A variety of succession options

Whichever path you go down, act now while you're still in control.

'I’ll never recommend bitcoin,' advisor insists
'I’ll never recommend bitcoin,' advisor insists

Pro-bitcoin professionals, however, say the cryptocurrency has ushered in change.

LPL raises target for advisors’ bonuses for first time in a decade
LPL raises target for advisors’ bonuses for first time in a decade

“LPL has evolved significantly over the last decade and still wants to scale up,” says one industry executive.

What do older Americans have to say about long-term care?
What do older Americans have to say about long-term care?

Survey findings from the Nationwide Retirement Institute offers pearls of planning wisdom from 60- to 65-year-olds, as well as insights into concerns.

SPONSORED The future of prospecting: Say goodbye to cold calls and hello to smart connections

Streamline your outreach with Aidentified's AI-driven solutions

SPONSORED A bumpy start to autumn but more positives ahead

This season’s market volatility: Positioning for rate relief, income growth and the AI rebound