History

 

1998--$400M

• Founded Fortress Investment Group

1999--$1.3B

• Launched Fortress Investment Fund I

2002--$2.5B

• Launched the Drawbridge Special Opportunities Fund and the Drawbridge Global Macro Fund

• Newcastle Investment Corp.’s Initial Public Offering on the NYSE

2003--$3.9B 

2004--$8.7B

• Eurocastle Investment Limited’s Initial Public Offering on the LSE (currently listed on the Euronext Amsterdam)

2005--$11.3B 

2006--$21.0B

• Launched the Fortress Partners Fund

2007--$32.6B

• Added Nomura as a strategic partner

• Fortress’s Initial Public Offering on the NYSE

2008--$29.2B

• Launched the Fortress Credit Opportunities Fund

2009--$31.5B

• Launched the Fortress Japan Opportunity Fund, first Yen denominated fund

• Engaged to manage funds and accounts previously managed by D.B. Zwirn & Co.

2010--$44.6B

• Acquired Logan Circle Partners (closed in April 2010), entered the fixed income asset management business

• Fortress received an investment grade rating of BBB from Fitch Ratings and BBB- from Standard and Poor’s, in each case with a stable outlook

2011--$43.7B

• Opened offices in San Francisco, Shanghai and Singapore

• Launched the Fortress Asia Macro Fund, the Fortress Credit Opportunities Fund III, the Fortress Real Estate Opportunities Funds and the Worldwide Transportation & Infrastructure Fund

2012--$53.4B

• Launched Fortress Convex Asia Funds

• Launched Fortress MSR Opportunities Fund

• Launched Fortress Japan Opportunity Fund II

2013--$61.8B

• Logan Circle Partners launched new growth equities investment business

• Newcastle Investment Corp. completed spin-off of New Residential Investment Corp.

• Launched Fortress MSR Opportunities Fund II

• Launched Japan Income Fund

2014-Q1--$62.5B

• Launched Liquid Markets Affiliated Manager Platform

• Newcastle Investment Corp. completed spin-off of New Media Investment Group