Fortress Investment Group related stories
All articles and analysis
PE stocks keep tumbling in USShares in Blackstone and Fortress hit new lows today following analyst downgrades, while American Capital announced a $500m programme to repurchase shares trading below net asset value.
- Guggenheim Aviation closes second fund on $737m(4)
Guggenheim Aviation Partners has closed its second fund on $737 million, more than twice the size of its 2005 debut vehicle.
- Fortress escapes subprime write-downs
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.
- Guggenheim Aviation closes second fund on $737m(3)
Guggenheim Aviation Partners has closed its second fund on $737 million, more than twice the size of its 2005 debut vehicle.
- Boxclever fallout comes to court
Separately to a criminal prosecution of ex-West LB executive Jürgen Sengera, the collapse of Boxclever has resulted in various civil cases disputing information provided to French bank Natixis during the television rental business’ refinancing in 2002.
- Guggenheim Aviation closes second fund on $737m(2)
Guggenheim Aviation Partners has closed its second fund on $737 million, more than twice the size of its 2005 debut vehicle.
- Blackstone, Fortress stocks hit new lows
Bleak economic data has sent US stock markets tumbling – taking Blackstone and Fortress along with – one day before markets close for the Thanksgiving holiday.
- Ethos and Goldman place bets on South African gaming company(4)
Ethos Private Equity, one of South Africa’s largest domestic buyout firms, and Goldman Sachs are heading a consortium to buy local casino Gold Reef Resorts, in the US investment bank’s first deal in the country.
- Carlyle sells stake to Abu Dhabi government fund(4)
The US alternative assets group has sold a further 7.5 percent stake in itself to a strategic investor, valuing David Rubenstein's firm at $20 billion. It sold 5.5 percent to CalPERS in 2000.
- PE stocks hit all-time low(3)
Blackstone and Fortress are taking a beating on Wall Street today.