Fortress Investment Group related stories
All articles and analysis
Fortress syndicate to inject $450m in Florida lenderFortress, Lightyear Capital and Crestview Partners comprise the latest private equity consortium to purchase equity stakes in a US government-backed bank.
- Fortress to raise $200m in public stock offering
The publicly listed alternative investment firm will sell Class A shares to repay a portion of its outstanding debt as well as generate working capital that may be used to fund GP contributions to Fortress funds.
- Fortress pays off $35m of Gagfah debt
The asset manager raised capital from its limited partners, including the Oregon Investment Council, to repay margin debt on the German apartment owner which has reportedly been struggling with its debt load.
- Fortress is to raise $80m
The US firm wants to raise the money to help pay down debt in its German residential business, Gagfah, as well as alleviate funding issues at its other real estate investments, according to a report.
- PEI Media to launch the PEI 300
To be released on 23 April, the PEI 300 will expand on a popular top 50 list ranking the largest 300 private equity firms in the world. Bain Capital, Bridgepoint and Clayton Dubilier & Rice are among 10 firms to have advanced in the rankings for two consecutive years.
- Geithner plan ‘euphoria’ sends US-listed funds soaring
Fortress shares doubled after the US Treasury outlined plans this week to buy up to $1trn in toxic assets by combining public and private equity. Blackstone and Och-Ziff have also seen their stocks rise.
- Proposed US Treasury rules would increase fund oversight
The US government's moves to gain greater regulatory control over large financial instutions would obligate some private equity firms to register with the SEC and supply data including the names of LPs and leverage levels on deals.
- Private equity gets star role in $1trn US bank bail-out
Private funds and investors are essential to the US Treasury’s plan to rejuvenate credit markets with the purchase of banks’ toxic assets.
- Write-downs, clawback reserves vex Fortress
Fortress has attributed its $162m loss last year to non-cash adjustments for fair value write-downs and clawback reserves. But the firm remained upbeat on an analyst call, with chief executive Wes Edens forecasting an opportunity-laden ‘great liquidation’ of financial services assets following the current recession.
- TPG halts stake sale talks with LPs
Valuation difficulties have prompted the Texas-based mega-firm to cease talks that began more than a year ago with the Kuwait Investment Authority and two California pensions over the potential sale of a single digit stake in its management company.