Fortress Raises $5B For Private Equity Funds

Jul 30 2007 | 8:42am ET

Fortress Investment Group has closed its latest private equity funds, Fortress Investment Fund V and Fortress Coinvestment Fund V, with a total of $5 billion in third-party capital commitments. 

The firm said it expects the main fund, Fortress Investment Fund V, which had a previously announced first closing in May, to ultimately include an additional $1 billion of capital from its affiliates and employees.

Fortress managed approximately $36 billion in assets as of the end of March.


In Depth

Kettera Q&A: The Advantages of Alternative Investment Platforms

Oct 28 2016 | 5:52pm ET

The past several years have seen a distinct push towards easier and cheaper access...

Lifestyle

Midtown's Plaza District Fades As Manhattan Office Landscape Shifts

Nov 22 2016 | 6:32pm ET

Lower leasing costs, more efficient office space and the hope of projecting an image...

Guest Contributor

Nowhere to Hide: Why the Future of Asset Management Depends on Innovation

Nov 15 2016 | 6:55pm ET

Information technology has reshaped the asset management industry’s periphery,...

 

From the current issue of

Chicago-based independent futures brokerage and clearing firm R.J. O’Brien & Associates (RJO) has hired industry veteran Daniel Staniford as Executive Director, responsible for the firm’s institutional business development in New York and London.

AVAILABLE NOW at BARNES & NOBLE

NEWSTAND LOCATOR