Fortress Investment Group related stories
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Apollo to invest $100m in Indian TVApollo has acquired an 11% stake in direct-to-home satellite TV company DishTV India.
- Edens: Enhanced regulation is way of the future
The founder and co-chairman of Fortress Investment Group believes heavier regulation of private equity is both inevitable and positive.
- Listed Apollo affiliate writes up private equity holdings
AP Alternative Assets has written up all of its biggest private equity investments and seen its NAV rise 29% from 30 June, as Apollo reportedly nears a long expected public listing.
- Blackstone, Fortress report slight private equity gains
Blackstone’s private equity portfolio appreciated by 5% in the third quarter, while Fortress' private equity portfolio achieved pre-tax distributable earnings of $25m.
- BNSF chief: no role for private equity in US rail
Matthew Rose, head of the second largest freight railroad in the US, also believes that private equity firms cannot provide a more attractive cost of capital to railroad assets once they buy them.
- Fortress rescues listed FoF with $200m loan
Campbell Lutyens has brokered a secondary restructuring transaction of Swiss-listed APEN, formerly known as AIG Private Equity.
- Report: PE group targets Extended Stay
Starwood Capital, Fortress, DE Shaw and Five Mile have offered $3.5bn for the hotel group’s $4.1bn first mortgage, according to the WSJ.
- Colony will address Neverland future in “due time”
Thomas Barrack writes an open letter to Santa Barbara residents appealing for the community to welcome Michael Jackson fans with open arms as they descend on the singer’s “only true home”, the Neverland Ranch. Colony reportedly spent more than $3m renovating the property this year in preparation for its sale.
- US pensions join PE firms against FDIC bank rules
Public pensions from Oregon and New Jersey are among those aruing the proposed bank ownership rules, on which the FDIC votes this week, could 'slow the healing' of the financial sector.
- Deeper talent pool
Middle market firms can now gobble up top talent at reasonable compensation levels, and reset consulting agreements, writes Kevin Ley.