Fortress Investment Group related stories
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Fortress doubles on IPO(2)Fortress Investment Group this morning rocketed to roughly a $35 per share debut price, valuing the closely watched alternative investment giant at roughly $12bn, equal to 40 percent of its assets under management.
- Fortress IPO ’25 times over-subscribed’(2)
Some of the world’s biggest alternative asset managers will be watching with interest tomorrow when Fortress Investment Group becomes the first US hedge fund and private equity group to float on the stock exchange tomorrow.
- Aircraft mega-exit yields big IRR
Guggenheim Partners has earned a big payday in the $1.6bn sale of its aircraft portfolio to an affiliate of alternative investment giant Fortress Investment.
- Apollo could be next to list
US buyout firm Apollo Management may follow Blackstone’s lead by listing on the New York Stock Exchange, according to reports.
- Oak Hill augments aviation assets
Oak Hill Capital has placed a $1.4 billion order for six Boeing 777 freight planes, which the Robert Bass-led firm will then lease. The planes will add to the firm’s existing portfolio of 25 passenger aircraft.
- TPG mulls sale to pensions
US private equity firm TPG is exploring the possible sale of a minority stake in the firm to major state pension funds.
- Dolphin makes splash in Cyprus
Dolphin Capital Investors, the Fortress-backed private equity firm that focuses on Southeast Europe, is acquiring Aristo Developments for a total of €438m.
- Blackstone files for $4bn IPO
The Blackstone Group is set to raise $4 billion through an initial public offering on the New York Stock Exchange, confirming earlier reports that it would follow in the footsteps of Fortress Investment Group.
- Fortress sees partial first quarter dividend
Following its initial public offering on February 9, the New York-based alternative asset manager has seen about a 25 percent premium over its pre-IPO annualized dividend.
- Broadway closes its second fund on $590m
The New York City-based private equity real estate investor has raised $590m for its second vehicle focused on the North American office market.