Fortress later sold RailAmerica via initial public offering in October 2009. In our experience, Fortress’s willingness to tackle complicated situations creates unique value buying opportunities.  The sale was completed on 15 May 2014, for US$15.85 million. Under the termination agreement, Penn National receives $1.475 billion, consisting of a breakup fee of $225 million and an interest-free $1.25 billion loan from Fortress, Centerbridge, Wachovia and Deutsche Bank. Mr. Nardone is a principal and has been a member of the Board of Directors of Fortress Investment Group LLC since November 2006. Mr. Nardone has been a member of the Management Committee of Fortress since 1998.
, "FIG Income Statement - Fortress Investment Group LLC C Stock - Yahoo Finance", "FIG Profile - Fortress Investment Group LLC C Stock - Yahoo Finance", "Company Profile for Fortress Investment Group LLC", "Company Overview of Fortress Investment Group LLC", "How Private Equity Found Power and Profit in State Capitols", "In a First, Hedge Fund Launches on NYSE", "Fortress Investment's Shares Soar After Initial Sale", "America's Biggest Billionaire Losers Of 2008, "Fortress Investment Group Named Institutional Investor's Hedge Fund Manager of the Year", "Citigroup FX chief Jeff Feig leaving bank for Fortress", "Fortress macro fund co-investment chief Jeff Feig leaving firm", "Fortress Announces Closing of Fortress Macro Fund", "SoftBank confirms $3.3B acquisition of Fortress Investment Group", "Exclusive: Apollo nears deal for Fortress' stake in OneMain - sources", "Colony Capital's Talks to Acquire Weinstein Co. Hit Snag", "Blood-Testing Firm Theranos Gets $100 Million Lifeline From Fortress", "Theranos Secures $100 Million in New Funding from Fortress Capital", "Theranos dodges bankruptcy after $100 million loan: Report", "First ride: Aboard Florida's new Brightline train", "Apollo Global Partners With Varde to Buy Stake in OneMain", "Fortress Investment Makes $1.6B Offer For Unizo - Law360", "Softbank-backed Fortress Investment raises offer for Japan's Unizo", "Florida East Coast Industries to Be Acquired By Funds Managed By Fortress Investment Group LLC in an All-Cash Transaction Valued at $3.5 Billion", "Penn National Gaming agrees to $6.1B deal - USATODAY.com", "Penn National says takeover deal terminated", "Fortress sues law firm Dechert over Dreier loss", "Umami Burger shuts first store, picks up more investors for expansion", "Lac-Mégantic disaster's MM&A sold to Florida Great Lakes Partners", Le futur propriétaire de MMA veut maintenir un lien de confiance, "La vente de la MMA pour 17,24 M $ a été complétée aux États-Unis", "Inverness Corners sold to New York investment group", "U.S. asset manager Fortress seeks more Japan hotel investments amid...", "NIPC Law: Patents: Nokia GmbH and Others v IPCom GmbH & Co.  EWCA Civ 6 (20 Jan 2011)", "Freshfields, Hogan Lovells Knock Out IPCom's Patent Claims", "Theranos vampire lives on: Owner of failed blood-testing biz's patents sues maker of actual COVID-19-testing kit", "Hospitals, Companies Race to Develop Tests to Spot Coronavirus-Linked Illness", "Fortress withdraws patent lawsuit over COVID-19 testing discovery", "Labrador Diagnostics Will Grant Royalty-free Licenses for COVID-19 Testing", "Athletes' Village Getting New Life After Winter Games", "Updated: City of Vancouver sells final stake in Olympic Village City's revenue projections with developer fell short $130 million", History of private equity and venture capital, Private investment in public equity (PIPE), Taxation of private equity and hedge funds, Private equity and venture capital investors, Alternative investment management companies, https://en.wikipedia.org/w/index.php?title=Fortress_Investment_Group&oldid=975498753, Companies formerly listed on the New York Stock Exchange, Investment management companies of the United States, Financial services companies established in 1998, Private equity firms of the United States, Articles with dead external links from April 2019, Articles with permanently dead external links, Pages containing links to subscription-only content, Articles with unsourced statements from October 2017, Articles with unsourced statements from November 2010, Official website different in Wikidata and Wikipedia, Creative Commons Attribution-ShareAlike License, Investment Management Firm: Private Equity, Credit, Liquid Markets and Traditional Asset Management, Investment Management Firm: Private Equity, Credit Funds, Railroads, Hedge Funds and Traditional Asset Management. As of June 30, 2020, FTAI had total consolidated assets of $3.3 billion and total equity capital of $1.3 billion. Senior living, maternity care and online facilitation. , Fortress's private equity investment portfolio includes Aircastle Limited, Alea Group Holdings (Bermuda) Ltd., AMRESCO, Boxclever, Capstead Mortgage Corporation, CW Financial Services, Eurocastle Investment Limited, Flagler, Florida East Coast Railway, GAGFAH, GateHouse Media, Inc., Global Signal, Inc., Green Tree Servicing LLC, Holiday Retirement, Intrawest, Italfondiario, Kramer Junction, Mapeley Limited, MBS Holdings, MS Hub, Nationstar Mortgage LLC, Penn National Gaming, Inc., Prime Retail, RailAmerica, RESG, Seacastle Inc., Simon Storage, Springleaf Financial and Umami Burger.  Fortress quickly expanded into hedge funds, real estate-related investments and debt securities, run by Michael Novogratz and Pete Briger, both former partners at Goldman Sachs. Fortress sold its remaining stake in Aircastle in August 2012. The Private Equity team applies a value-oriented, opportunistic investment approach with active, hands-on management in large, addressable markets where Fortress has significant experience and expertise. In distressed situations, we will seek to secure corporate ownership or control by working with a company’s board of directors or creditor’s committee in order to guide in the restructuring or recapitalization process (including through bankruptcy restructuring).  In response to the backlash, Fortress issued a statement claiming that when its subsidiary filed the lawsuit against BioFire it had no idea BioFire was developing COVID-19 testing kits.