Fortress Investment Group related stories
All articles and analysis
Fortress CEO may face civil chargesDaniel Mudd will challenge a ‘Wells notice’ served by the SEC, as the federal agency investigates the conduct of Fannie Mae and Freddie Mac in the run-up to the financial crisis.
- Panel: LPs 'digging in' to portfolio companies
Limited partners are ‘drilling down’ into the unrealised portfolios of GPs before committing capital, both with new and existing GP relationships.
- TPG Credit arm raises $605m aviation fund
The 6-year-old distressed debt affiliate -- which is also rumoured to be raising a new distressed debt fund -- beat its $400m target.
- PE trio refuels aircraft leasing firm with $250m
Cinven, CVC and Oak Hill have invested a total of $1bn in Dublin-headquartered Avolon, which has also raised $1bn in debt financing.
- Fortress opens in Singapore and appoints Asia president
Thomas Chan-Soo Kang has joined the firm. He will be based in Singapore, the site chosen for the New York-headquartered alternative investment firm’s third Asian office.
- FEATURE: Chapters in history
The Chapter 11 filings of GGP and Extended Stay fuelled visions of steep discounts to be had for investors willing to wade into the quagmire of the US bankruptcy courts. Opportunities borne out of bankruptcy, however, are limited – and only for those with plenty of cash to invest. PERE Magazine, December 2010/January 2011 issue.
- Capital Dynamics opens Tokyo office
The Swiss fund of funds manager has secured ex-AI Capital head Kazushige Kobayashi to lead its second office in Asia.
- Fortress scores $200m from CalSTRS
CalSTRS committed to Wes Edens-led Fortress’ second Credit Opportunities fund, which is targeting $2bn.
- Fortress takes 80% stake in AIG subsidiary
In the latest in a string of deals tapping the subprime market, the alternative investment firm is acquiring a controlling stake in credit provider AGF.
- Station Casinos was Colony’s ‘worst investment ever’ for timing
Thomas Barrack reportedly admits the timing of the US casino operator’s $5.4bn take-private in November 2007 was poor, telling Bloomberg Markets the firm was now focused on smaller, unconventional deals.