Fortress Investment Group related stories
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Moelis hires ex-Fortress executive ahead of fund closeThe boutique investment bank founded by UBS veteran Ken Moelis has added Fortress managing director Greg Share to its private equity team. The firm’s debut fund, which held a first close on $1.8bn last September, will complete fundraising in ‘the next few months’.
- Fortress holds $500m first close on sixth buyout fund
The publicly listed investment firm also disclosed in its second quarter earnings call that it is nearing its $2.5bn target on a private equity-style credit fund – yet its fundraising pace has dropped more than 70 percent compared to the same period last year.
- KKR to float on NYSE
A year after registering for a $1.25bn IPO, Henry Kravis has unveiled his firm's revised plan for a public float, which includes taking over KKR Private Equity Investors and which values the combined firm at up to an estimated $18bn.
- $6bn Penn National takeover collapses
Casino operator Penn National will receive $225m in cash and $1.25bn in preferred shares after the Fortress- and Centerbridge-led deal was terminated. Penn said a ‘re-negotiated, reduced purchase price was not a viable option.’
- Carlyle shopping for hedge fund platform
As the firm looks for ways to further bulk up and diversify its assets under management, Carlyle is also seeking to strengthen economic ties with energy firm Riverstone.
- Fortress first quarter profits drop, assets grow
The firm's private equity funds generated $50m in pre-tax distributable earnings, 64 percent less than the first quarter of 2007, while private equity assets grew 55 percent to $13bn.
- LP PROFILE - Washington State Investment Board
LP PROFILE 2007-03-01 Staff Writer Head office Tel: +1 360 956 46002100 Evergreen Park DriveFax: +1 360 956 4780P.O. Box 40916www.sib.wa.govOlympia, WA 98502USAASSETS / FUNDS UNDER MANAGEMENT$63 billionYEAR FIRST INVESTED IN PRIVATE EQUITY1981ALLOCATION TO PRIVATE EQUITY / ALTERNA
- Fifty finest
Private Equity International is proud to present its selection of markettransforming individuals who give shape and character to private equity today. The list, which is not a ranking, is ordered alphabetically.
- Apollo files $418m IPO, private shares down 42%
Apollo will debut on the NYSE, despite co-founder Leon Black's reservations about being in the public 'fish bowl'.
- Fortress escapes subprime write-downs(4)
Fortress reported a loss of $38 million for the third quarter, though it managed to avoid subprime-related losses, raised revenue by 80 percent and grew private equity assets under management by 60 percent.