Latest news with #FortressInvestmentGroup
Bloomberg
4 days ago
- Business
- Bloomberg
Trump Puts Weight Behind Private High Speed Rail
While President Donald Trump has threatened to block federal funding from California's troubled high-speed rail project, his administration has singled out the privately led Brightline West project for praise. That differing approach has further bolstered the prospects for Brightline, which is expected to break ground soon on its line from Los Angeles to Las Vegas, while the proposed state-run train has faced mounting delays and cost overruns. Brightline West, owned by billionaire Wes Edens' Fortress Investment Group, has also faced its own set of delays, and the company's Florida line has failed to turn a profit. Still, some critics of government spending see it as a model for constructing large-scale transportation infrastructure without excessive amounts of federal subsidies, Brian Kahn and Eliyahu Kamisher report. Today on CityLab:
14-05-2025
- Business
Mubadala-backed Fortress and Kimmeridge set up Abu Dhabi outposts
The US-based Fortress Investment Group and alternative asset manager Kimmeridge have announced plans to set up offices in Abu Dhabi, the latest in a series of high-profile names setting up outposts in the region to attract clients from across the region. Fortress, which is backed by Abu Dhabi sovereign investor Mubadala, has announced plans to open a new office in the Abu Dhabi Global Market (ADGM). The opening follows the April 2025 announcement of a $1 billion partnership between Mubadala Investment Company and Fortress, focused on credit and special situations co-investment opportunities. Drew McKnight, Co-Chief Executive Officer and Managing Partner at Fortress, said the Abu Dhabi hub was part of their plan of looking at the Gulf region as a long-term investment and capital partner. The opening of the Kimmeridge office in Abu Dhabi also follows on from Mubadala Energy's deal with the energy-focused alternative asset manager in April to acquire a 24.10% interest in Kimmeridge's US upstream and LNG player SoTex. (Writing by Bindu Rai, editing by Seban Scaria)
Yahoo
14-05-2025
- Business
- Yahoo
Fortress Investment Group Establishes Office in Abu Dhabi to Advance Global Strategy
New office underscores Fortress's long-term commitment to the Gulf and strengthens alignment with strategic capital partners in the region ABU DHABI, United Arab Emirates, May 14, 2025--(BUSINESS WIRE)--Fortress Investment Group ("Fortress"), a leading global investment manager, today announced the opening of a new office in the Abu Dhabi Global Market (ADGM), and permission to undertake regulated activities through receipt of its Financial Services Permission from the ADGM Financial Services Regulatory Authority – marking a significant milestone in the firm's global expansion. The establishment of a permanent presence in Abu Dhabi—the capital of the United Arab Emirates and one of the world's most sophisticated financial centers—reflects Fortress's long-term view of the Gulf region as a key pillar of global capital formation and deployment. The new office will enable Fortress to expand its local footprint, deepen relationships with regional investors, and accelerate co-investment across private credit, real estate, and asset-based strategies. "Our decision to establish an office in Abu Dhabi is a strategic step that reflects our conviction in the Gulf as a long-term investment and capital partner," said Drew McKnight, Co-Chief Executive Officer and Managing Partner at Fortress. "The region is increasingly influential in shaping the future of global private markets, and we are committed to being here—on the ground, fully engaged, and ready to invest alongside partners who share our long-term orientation." The opening follows the April 2025 announcement of a $1 billion strategic partnership between Mubadala Investment Company and Fortress, focused on credit and special situations co-investment opportunities. The ADGM office will serve as a key hub for executing on that mandate and cultivating new opportunities across the region. "Our global growth strategy is rooted in performance, alignment and solutions —and this expansion exemplifies that," said Joshua Pack, Co-Chief Executive Officer and Managing Partner at Fortress. "Being on the ground in the Gulf gives us a direct connection to some of the world's most forward-looking institutional partners and enables us to collaborate with greater scale and speed, and we look forward to further expanding our presence in the region in the years ahead." Jack Neumark, President and Managing Partner at Fortress, added: "Our new office in the ADGM will help us to accelerate our partnerships across the Gulf. The region's investment landscape is incredibly dynamic and evolving quickly, and we are excited to bring Fortress's strengths in private credit, real assets, and asset-based strategies to the region and to grow alongside our partners." The ADGM office will be led by executives with deep regional and sectoral expertise. The firm plans to grow its local team to support origination, underwriting, and asset management across core strategies, while also serving as a regional gateway to Fortress's global investment capabilities. About Fortress: Fortress Investment Group LLC is a leading, highly diversified global investment manager. Founded in 1998, Fortress manages $50 billion of assets under management as of 31 December 2024, on behalf of approximately 2,000 institutional clients and private investors worldwide across a range of credit and real estate, private equity and permanent capital investment refers to assets Fortress manages, including capital that Fortress has the right to call from investors, or investors are otherwise required to contribute, pursuant to their capital commitments to various funds or managed more information, please visit View source version on Contacts Mark Lanemlane@ C: +1 917.842.4228
Bloomberg
14-05-2025
- Business
- Bloomberg
Fortress, Kimmeridge Open Abu Dhabi Outposts to Hunt for Deals
By Anthony Di Paola and Save Fortress Investment Group and energy-focused private equity firm Kimmeridge are opening Abu Dhabi offices, aiming to make deals and boost assets by leaning on their ties to sovereign wealth fund Mubadala Investment Co. Kimmeridge and Fortress are opening Wednesday in the city's ADGM financial district, and both have existing relationships with Mubadala that they're looking to expand.
Associated Press
13-05-2025
- Business
- Associated Press
Fortress Appoints Giovanni Luna as Head of Origination, Europe, and Niccolò Biancheri as Head of Corporate Credit, Europe
LONDON--(BUSINESS WIRE)--May 13, 2025-- Fortress Investment Group today announces that Giovanni Luna has joined the organization as Managing Director, Head of Origination, Europe, and the appointment of Niccolò Biancheri as Head of Corporate Credit, Europe. Mr. Luna and Mr. Biancheri will both be based in London. 'We are excited to have Giovanni join the Fortress team,' said Francesco Colasanti, Head of Europe and Co-Head of Non-Performing Loans. 'Giovanni brings a wide and established network of relationships and strong experience in sourcing, structuring and executing complex deals. He will play a key role in growing our business across all of our investment strategies, including by working closely with Nicco in his new role.' Brian Stewart, Global Co-Head of Corporate Credit, added, 'Nicco has been an important part of our team for almost nine years, and we're delighted to appoint him to this expanded role as we look to grow our franchise across Europe. Nicco will work with colleagues across our franchise, including Giovanni in his new role, to extend our relationships with corporate and sponsor counterparties.' Mr. Luna has approximately 25 years of experience in the finance industry and for the past 10 years has been at King Street Capital Management, most recently as Head of Capital Markets in Europe, where he originated transactions across a variety of asset classes, including corporate credit, real estate, direct lending and illiquid receivables. He started his career in investment banking covering European financial institutions in roles at Citi and Morgan Stanley. As a senior member of Fortress's global origination team, Mr. Luna will work across asset classes with a focus on opportunities in legal assets, non-performing loans, illiquid corporate financings, and real estate. His appointment is the latest in a series of hires made by Fortress to grow its Origination team. In February 2025, Fortress announced the expansion of its non-sponsor private lending team with the appointment of Eric Hartman and Bill Tefft as Directors in Private Credit Origination. Mr. Biancheri joined Fortress in 2016 in the Corporate Credit business and was most recently Deputy Head of Corporate Credit, Europe. He previously held roles as a desk analyst in the distressed credit products group at Deutsche Bank, and in leveraged finance origination and securitised products at Societe Generale. In Europe, Fortress's investing strategies span corporate and asset-based credit, real estate debt and equity, non-performing loans, private equity, net lease, legal assets and intellectual property. About Fortress Investment Group Fortress Investment Group LLC is a leading, highly diversified global investment manager. Founded in 1998, Fortress manages $50 billion of assets under management as of 31 December 2024, on behalf of approximately 2,000 institutional clients and private investors worldwide across a range of credit and real estate, private equity and permanent capital investment strategies. AUM refers to assets Fortress manages, including capital that Fortress has the right to call from investors, or investors are otherwise required to contribute, pursuant to their capital commitments to various funds or managed accounts. For more information, please visit View source version on Mark Lane,[email protected], C: +1 917.842.4228 KEYWORD: UNITED KINGDOM EUROPE INDUSTRY KEYWORD: BANKING ASSET MANAGEMENT PROFESSIONAL SERVICES FINANCE SOURCE: Fortress Investment Group Copyright Business Wire 2025. PUB: 05/13/2025 08:15 AM/DISC: 05/13/2025 08:14 AM
