March 22, 2017 7:05 PM ET

Capital Markets

Company Overview of Fortress Investment Group LLC

Company Overview

Fortress Investment Group LLC is a publicly owned investment manager. The firm provides its services to pooled investment vehicles, pension and profit sharing plans, corporations, institutional managed accounts and structured products, banking or thrift institutions, investment companies, charitable organizations, and state or municipal government entities. It launches and manages hedge funds, balanced mutual funds, real estate funds, and private equity funds. It also invests in private equity specializing in control-oriented investments in cash flow generating, asset based businesses and also acquire assets or make debt investments. For private equity, it prefers to invest in financial serv...

1345 Avenue of the Americas

46th Floor

New York, NY 10105

United States

Founded in 1998

2,843 Employees

Phone:

212-798-6100

Key Executives for Fortress Investment Group LLC

Co-Founder, Chief Executive Officer, Principal, and Director
Age: 60
Total Annual Compensation: $8.0M
Co-Chairman, President, Principal and Head of Credit & Real Estate Business
Age: 52
Total Annual Compensation: $22.6M
Co-Founder, Co-Chairman of the Board, Principal, President of Private Equity, Private Equity Chief Investment Officer and Head of Private Equity
Age: 54
Total Annual Compensation: $11.8M
Chief Financial Officer
Age: 49
Total Annual Compensation: $3.0M
General Counsel
Age: 45
Total Annual Compensation: $3.0M
Compensation as of Fiscal Year 2015.

Fortress Investment Group LLC Key Developments

Fortress Investment Group LLC Presents at IGlobal Forum's 16th Real Estate Private Equity Summit, Mar-16-2017 12:15 PM

Fortress Investment Group LLC Presents at IGlobal Forum's 16th Real Estate Private Equity Summit, Mar-16-2017 12:15 PM. Venue: The Pierre Hotel, 2 East 61st Street, New York, New York, United States. Speakers: Spencer Garfield, Managing Director.

Fortress Investment Group Declares Dividend for the Fourth Quarter of 2016, Payable on March 21, 2017

Fortress Investment Group LLC’s Board of Directors declared a cash dividend of $0.09 per dividend for the fourth quarter 2016. The dividend is payable on March 21, 2017 to Class A shareholders of record as of the close of business on March 15, 2017.

Fortress Investment Group LLC Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2016

Fortress Investment Group LLC reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2016. For the quarter, the company reported total revenues of $438,338,000 against $414,660,000 a year ago. Income before income taxes was $181,293,000 against $154,692,000 a year ago. Net income was $164,842,000 against $115,688,000 a year ago. Net income attributable to Class A shareholders was $86,251,000 or $0.33 per diluted share against $54,708,000 or $0.20 per diluted share a year ago. For the year, the company reported total revenues of $1,163,806,000 against $1,213,856,000 a year ago. Income before income taxes was $208,956,000 against $237,403,000 a year ago. Net income was $180,642,000 against $181,615,000 a year ago. Net income attributable to Class A shareholders was $94,442,000 or $0.38 per diluted share against $78,492,000 or $0.28 per diluted share a year ago.

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Recent Private Companies Transactions

Type
Date
Target
Private Placement
February 28, 2017
Bluevine Capital, Inc.
Merger/Acquisition
February 15, 2017
Remaining stake in Principal Holdings I, L.P., FOE II (NEW) LP and Fortress Operating Entity I Lp
Merger/Acquisition
February 14, 2017
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