Fortress Investment Group related stories
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CalPERS buys $600m stake in ApolloThe US' largest pension fund purchased a $600 million, 8.6 percent stake in Apollo, prior to the private equity firm's listing on Goldman Sachs' private exchange.
- Cerberus sells German residential portfolio for €1.6bn(2)
Pirelli RE and Deutsche Bank have agreed to buy German property group BauBeCon from Cerberus, in a transaction valued at €1.6bn.
- Senators urge caution on carry tax change
Increasing the tax applied to carried interest could damage entrepreneurship and stifle America’s capital markets and competitiveness, according to the majority of witnesses and Senators at the US Senate Finance Committee’s first hearing on carried interest.
- Cerberus sells German residential portfolio for €1.6bn
Pirelli RE and Deutsche Bank have agreed to buy German property group BauBeCon from Cerberus, in a transaction valued at €1.6bn.
- Apollo to list on Goldman exchange(2)
Apollo will reportedly become the second major alternative asset manager to list a portion of its management company on Goldman’s private exchange. The private float is expected to follow sales of minority stakes to Abu Dhabi and possibly CalPERS.
- Clinton: taxing carry as capital gains is offensive(2)
Hillary Clinton has become the latest Democratic presidential candidate to speak out in favour of carried interest tax reform. Earlier this week ex-Fortress advisor John Edwards slammed a tax code that lets GPs ‘pay taxes at a lower rate than their secretaries’.
- Centerbridge to pump $500m into bankrupt auto parts maker(3)
Centerbridge will buy $500 million-worth of convertible stock in bankrupt auto parts company Dana, which has reached an agreement with the United Auto Workers and the United Steel Workers unions to replace the company’s health care plans with tax-deductible trusts.
- Clinton: taxing carry as capital gains is offensive
Hillary Clinton has become the latest Democratic presidential candidate to speak out in favour of carried interest tax reform. Earlier this week ex-Fortress advisor John Edwards slammed a tax code that lets GPs ‘pay taxes at a lower rate than their secretaries’.
- Apollo and Abu Dhabi disagree about 10% stake’s $1.5bn value(3)
Apollo Management is reportedly in a dispute over the valuation of the firm in its attempt to sell a 10 percent stake to the Abu Dhabi Investment Authority.
- Centerbridge to pump $500m into bankrupt auto parts maker(2)
Centerbridge will buy $500 million-worth of convertible stock in bankrupt auto parts company Dana, which has reached an agreement with the United Auto Workers and the United Steel Workers unions to replace the company’s health care plans with tax-deductible trusts.