The company develops and operates critical energy infrastructure and provides supply and logistics services to customers around the globe, helping end-users convert their operating assets from oil-based fuels to natural gas. In DivX Converter, you can unlock custom encode settings, set B-Frames, modify settings with Target Quantizer and other super nerdy options. Financial instability in September 2008 saw Fortress Investment Group reportedly at the brink of bankruptcy. [34], On January 21, 2014, Fortress Investment Group was the winning bidder for the assets of the Montreal, Maine and Atlantic Railway, a line bankrupted after the July 6, 2013 Lac-Mégantic derailment of a runaway train loaded with crude oil obliterated much of historic downtown Lac-Mégantic, Quebec, causing 47 fatalities. On May 8, 2007, Florida East Coast Industries (FECI), parent company of Florida East Coast Railway, announced that following a unanimous vote of the FECI Board of Directors, a Fortress-managed fund would acquire FECI in a transaction valued at $3.5 billion. Fortress acquired Nationstar in July 2006 and took the company public in March 2012. [11], In 2014, Fortress Investment Group was named "Hedge Fund Manager of the Year" by Institutional Investor and "Management Firm of the Year" by HFMWeek. Special Opportunities Advisors LLC, Drawbridge [45], Fortress Investment Group was the primary lender to Millennium Development Group for building the C$875 million athlete's village for the 2010 Winter Olympics in Southeast False Creek, Vancouver, British Columbia. Global Signal was acquired by Crown Castle International Corp. in 2007. You are here: Agreements > > FORTRESS INVESTMENT GROUP LLC Exh 21 List of Subsidiaries, Title: FORTRESS INVESTMENT GROUP LLC Exh 21 List of Subsidiaries Date: 3/1/2011 Industry: Investment Services     Sector: Financial, FORTRESS INVESTMENT GROUP LLC He served as interim Chief Executive Officer from December 2011 to July 2013 and was appointed Chief Executive Officer in August 2013. Asset-based investments with stable long term cash flows can also provide an attractive option for taking advantage of positive economic trends while avoiding the “binary” outcomes linked to the vagaries of short-term economic events. Fortress Investment Group LLC - ‘10-K’ for 12/31/15 - ‘EX-21.1’ - Annual Report - Seq. Holiday Retirement is the largest private owner and operator of independent living communities for seniors in the United States. Non-regulated financial institutions and assets. [7], Fortress Investment Group LLC was founded as a private equity firm in 1998 by Wesley R. Edens, a former partner at BlackRock; Rob Kauffman, a managing director at UBS; and Randal A. Nardone, also a managing director at UBS. Fortress [3] Fortress Investment Group LLC was founded as a private equity firm in 1998 by Wesley R. Edens, Rob Kauffman, and Randal Nardone. [20][21][22] At the time, Fortress also had "underdog" bets in a private passenger rail line in Florida. [14] According to the firm, Novogratz, the remaining CIO, was expected to retire from the firm by the end of 2015. Prior to co-founding Fortress in 1998, Mr. Nardone was a managing director of UBS from May 1997 to May 1998. [25][26], In 2006, Fortress-managed Funds acquired Canadian ski resort operator Intrawest, North America's largest ski resort operator that also operated luxury adventure travel brands such as Abercrombie & Kent, which was sold in August, 2016. [21] By January 3, 2018, however, the company had divested itself of Florida East Coast Railway and Logan Circle Partners. Fortress has taken several of its portfolio companies public, such as Aircastle Ltd., Brookdale Senior Living Inc., GAGFAH and RailAmerica, Inc. Fortress acquired an 80% interest in Springleaf in November 2010 and took the company public in October 2013. Certain themes define the Private Equity Funds’ investment approach and illustrate how the team identifies, underwrites and creates value across many of Fortress’s private equity investments. Fortress Investment Group subsidiary Brightline USA sought approval to build a high-speed electric train that would connect Las Vegas, Nevada, with Southern California sometime in 2023. 6 - Subsidiaries List - Accession Number 0001380393-16-000027 - Filing - SEC SEC Info uses JavaScript!

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. [36] 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.

[50], "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. [2011] 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. [33], 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. [4] 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). [44] 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.