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.

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