September 29, 2025 — It is with profound sadness that we shared today with our colleagues and investors the news of the untimely passing of our Co-CEO and Managing Partner, Josh Pack.

We are devastated by this loss. Josh was a gifted investor, a thoughtful strategist, a compassionate leader—and a deeply cherished friend to many. A member of the Fortress family for over 23 years, Josh left an indelible mark on our institution. He cared deeply for his team, and that care was returned in kind.

Most importantly, Josh was a devoted husband and father. We extend our heartfelt condolences to his family and ask that their privacy be respected during this tragic time. We are doing all we can to support the Pack family.

Everyone at Fortress is grieving the loss of one of our most exceptional leaders. Despite our sorrow, our commitment to our investors remains unwavering. We know the best way to honor Josh’s legacy is to continue safeguarding our investors’ capital with the same focus and discipline that has defined Fortress for more than 25 years. We have built a business that is resilient and deep with seasoned talent that will help us to move forward.

Drew McKnight, Co-CEO and Managing Partner, will continue to lead the firm, and Jack Neumark will step into the role of Co-CEO and Managing Partner alongside Drew. In recognition of the importance of experience during times of stress, our Executive Chairman Pete Briger will deepen his engagement with the firm and its operations for the immediate future. Pete’s seasoned leadership and deep familiarity with our team, investments, and culture will be invaluable as we move forward.

We are deeply grateful for the support of our investors and partners during this difficult time. Please join us in keeping the Pack family in your thoughts and prayers.