Fortress Seeks Investments In Successful Sectors Health, Transport

Feb 1 2010 | 1:45pm ET

Fortress Investment Group did well in the fourth quarter, and is looking to build on that success by focusing on sectors where it already has big investments.

Founder Wesley Edens told the Columbia University Business School Private Equity and Venture Capital Conference that most of its 19 portfolio companies have had “top-line growth” over the past three or four months, Reuters reports. In particular, Edens said the private equity and hedge fund giant was pleased with its railroad and newspaper investments.

Edens added that New York-based Fortress, which boasts $32 billion in assets, is focused on finding new investments in the healthcare and transportation spaces.

The firm, which last year acquired credit hedge fund D.B. Zwirn & Co., said it also plans to avail itself of the consolidation pressure in the asset management industry.

“We have put ourselves in a position as a firm to take advantage of that,” he said.

Wesley Edens: Edens is chairman and CEO of Fortress Investment Group, the first US-based private equity/hedge fund to sell shares in the public markets.Wesley Edens: Edens is chairman and CEO of Fortress Investment Group, the first US-based private equity/hedge fund to sell shares in the public markets.

In Depth

Direct Lending: What’s Different Now?

Mar 14 2017 | 8:43pm ET

Senior direct lending funds have become riskier over the past four years, with leverage...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

SEI: Private Debt Coming Into Its Own

Mar 8 2017 | 9:24pm ET

The explosive growth of private debt over the past few years has caused the lines...

 

From the current issue of