Overview

Fortress Investment Group LLC is a leading, highly diversified global investment manager with approximately $46.2 billion(1) of assets under management as of September 30, 2023. Founded in 1998, Fortress manages assets on behalf of over 1,900 institutional clients and private investors worldwide across a range of credit and real estate, private equity and permanent capital investment strategies.

Investment performance is our cornerstone - we strive to generate strong risk adjusted returns for our investors over the long term.

We had approximately 926 employees and 211 investment professionals as of September 30, 2023, at our headquarters in New York and our affiliate offices around the globe.

Fortress's core competencies include:

Fortress businesses, across its private equity funds and credit funds specialize in asset-based investing, and bring to bear significant experience in investing broadly and deeply in a diverse set of asset types. Fortress's expertise extends to pricing, owning, financing and overseeing the management of physical and financial assets ranging from real estate and capital assets to financial assets secured by diversified long-term cash flows.

Fortress has deep knowledge of the industries in which it invests. In the course of executing investments and operating portfolio companies, Fortress has developed a team of investment professionals with significant sector-specific expertise and relationships with leading companies, institutions and individuals worldwide.

Fortress has refined a set of tools for assessing operational, structural and strategic challenges. These tools allow Fortress to engage in and extract value from complex investments.

Our experience in corporate mergers and acquisitions enables us to work with corporate boards of directors, management and various stakeholders in order to determine optimal structuring and execution of an investment.

Fortress has considerable capital markets expertise, and has expertise in securing low-cost, low-risk financing for its investments by accessing the debt and equity capital markets.

Assets Under Management:

Business Credit Private Equity
Business Segment Credit PE Strategies Real Estate Strategies Lending Strategies Credit Hedge Fund Strategies1 Fixed Income &
Trading Strategies
Private Equity &
Permanent Capital Vehicles
Assets Under Management
($ in bn)
$21.1 $7.5 $6.9 $6.3 $1.5 $2.9
Strategy
  • Primarily Opportunistic
  • Investments in distressed and undervalued credits / assets across various asset classes
  • Time sensitive or event driven investments where we believe risk is fundamentally mispriced
  • Strategies with specific investment focus
  • Primarily Opportunistic
  • Investments in primarily commercial real estate in the United States, Europe, and Japan
  • Lending
  • Investments primarily in senior secured loans across various differentiated lending sectors
  • Majority of loans directly originated by Fortress or where we are the lead club arranger
  • Multi-Strategy Credit
  • Investing in both private and public credit across loans, corporate debt and securities, portfolios and orphaned assets, real estate, and structured finance
  • Asset-Backed Securities
  • Investments primarily in differentiated asset-backed securities including but not limited to consumer, commercial, residential and aircraft
  • Publicly traded companies that invest in a wide variety of real estate related assets, transportation & infrastructure.
  • General buyout and sector-specific funds focused on control-oriented investments in cash-flow generating assets and asset-based businesses in North America, the Caribbean and Western Europe

Footnotes:
(1) Includes $0.2 billion of AUM related to co-managed funds as of Q3 2023.

History

Founded as a pure private equity firm in 1998, Fortress has transitioned into a highly diversified, global investment manager.

2023

Assets Under Management: $44.2B

2022

Highlights:
  • Fortress Transportation and Infrastructure Investors completed spin-off of FTAI Infrastructure

2021

Highlights:
  • Priced IPO for Fortress Value Acquisition Corp. III in January
  • Priced IPO for Fortress Capital Acquisition Corp. in January
  • Priced IPO for Fortress Value Acquisition Corp. IV in March

2020

Highlights:
  • Launched Fortress Credit Opportunities Fund V Expansion
  • Mosaic Acquisition Corp. completed merger with Vivint Smart Home (NYSE: VVNT) in January
  • Priced IPO for Fortress Value Acquisition Corp. in April
  • Priced IPO for Fortress Value Acquisition Corp. II in August
  • Fortress Value Acquisition Corp. completed merger with MP Materials (NYSE: MP) in November
  • Launched Fortress Lending Fund II
  • Launched Legal Assets Fund

2019

Highlights:
  • Launched NPL Opportunities Fund II
  • New Media Investment Group Inc. completed acquisition of Gannett Co.

2018

Highlights:
  • Launched Fortress Credit Opportunities Fund V
  • Launched Fortress Japan Opportunity Fund IV
  • Launched Fortress Real Estate Opportunities Fund III
  • Launched Fortress Lending Fund I
  • Launched Bermuda Infrastructure Fund

2017

Highlights:
  • Fortress acquired by SoftBank Group Corp
  • Priced IPO for Mosaic Acquisition Corp. in October
  • Launched Intellectual Property Fund

2016

Highlights:
  • Appointed investment manager of the third party originated JP Funds

2015

Highlights:
  • Launched Fortress Credit Opportunities Fund IV
  • Launched Fortress Japan Opportunity Fund III
  • Fortress Asia Macro Funds transitioned to Graticule Asset Management Asia, L.P.
  • Launched Fortress Real Estate Opportunities Fund II
  • Fortress Transportation and Infrastructure Investors LLC’s Initial Public Offering on the NYSE
  • Agreed to co-manage Mount Kellett investment funds and related accounts

2014

Highlights:
  • Launched Liquid Markets Affiliated Manager Platform
  • Newcastle Investment Corp. completed spin-off of New Media Investment Group
  • Newcastle Investment Corp. completed spin-off of New Senior Investment Group
  • Launched Fortress Equity Partners

2013

Highlights:
  • Newcastle Investment Corp. completed spin-off of New Residential Investment Corp.
  • Launched Fortress MSR Opportunities Fund II
  • Launched Japan Income Fund
  • Launched Italian NPL Opportunities Fund

2012

Highlights:
  • Launched Fortress MSR Opportunities Fund
  • Launched Fortress Japan Opportunity Fund II

2011

Highlights:
  • Opened offices in San Francisco, Shanghai and Singapore
  • Launched the Fortress Asia Macro Fund, the Fortress Credit Opportunities Fund III, the Fortress Real Estate Opportunities Funds and the Worldwide Transportation & Infrastructure Fund

2010

Highlights:
  • Acquired Logan Circle Partners (closed in April 2010), entered the fixed income asset management business
  • Fortress received an investment grade rating of BBB from Fitch Ratings and BBB- from Standard and Poor’s, in each case with a stable outlook

2009

Highlights:
  • Launched the Fortress Japan Opportunity Fund, first Yen denominated fund
  • Engaged to manage funds and accounts previously managed by D.B. Zwirn & Co.

2008

Highlights:
  • Launched the Fortress Credit Opportunities Fund

2007

Highlights:
  • Added Nomura as a strategic partner
  • Fortress’s Initial Public Offering on the NYSE
  • Launched Fortress Investment Fund V

2006

Highlights:
  • Launched the Fortress Partners Fund
  • Launched Fortress Investment Fund IV

2005

Highlights:
  • Launched Long Dated Value Funds

2004

Highlights:
  • Eurocastle Investment Limited’s Initial Public Offering on the LSE (currently listed on the Euronext Amsterdam)
  • Launched Fortress Investment Fund III

2003

Highlights:
  • Formed Eurocastle Investment Limited

2002

Highlights:
  • Launched the Drawbridge Special Opportunities Fund and the Drawbridge Global Macro Fund
  • Newcastle Investment Corp.’s Initial Public Offering on the NYSE
  • Launched Fortress Investment Fund II

2001

2000

Highlights:
  • Launched Fortress Brookdale Investment Fund

1999

Highlights:
  • Launched Fortress Investment Fund I

1998

Highlights:
  • Founded Fortress Investment Group

Leadership

Fortress’s leadership is committed to maintaining strong corporate governance policies and practices. The Board of Directors has set forth policies and procedures as well as a framework for establishing the highest level of business integrity and accountability.

Diversity & Inclusion Policy

 

Chairman & Principal

Mr. Briger is Chairman of the board of directors of Fortress Investment Group, which he has been a member of since November 2006. Mr. Briger has been a member of the Management Committee of Fortress since 2002 and is a Managing Partner of the Fortress Credit Funds business, as well as a member of the Fortress Credit Leadership Committee.

Prior to joining Fortress in 2002, Mr. Briger spent fifteen years at Goldman Sachs, where he became a partner in 1996. Mr. Briger serves on the board of several charitable organizations including Princeton University, the UCSF Foundation, Tipping Point and the Guild Theatre in Menlo Park. In addition, Mr. Briger is a member of the Council on Foreign Relations and a member of the PayPal Digital Advisory board.

Mr. Briger received a B.A. from Princeton University and an M.B.A. from the Wharton School of Business at the University of Pennsylvania.

Co-Chief Executive Officer & Managing Partner, Credit Funds

Mr. McKnight is Co-Chief Executive Officer of Fortress and a Managing Partner and Co-CIO of the Fortress Credit Funds business. Mr. McKnight serves on the investment committee for the Credit Funds, is a member of the Fortress Management and Credit Leadership Committees and is the head of the firm's Diversity & Inclusion (D&I) Committee.

Prior to joining Fortress in February 2005, Mr. McKnight worked at Fir Tree Partners where he was responsible for analyzing and trading high yield and convertible bonds, bank debt, derivatives and equities for the value-based hedge fund. Prior to Fir Tree, Mr. McKnight worked at Goldman, Sachs & Co. in Leveraged Finance and the Distressed Bank Debt trading group. Mr. McKnight serves on the Board of Advisors for the Center for Politics at the University of Virginia, the Center for New American Security, the Board of Advisors for SMU’s Cox School of Business Alternative Asset Management Center, and the UT Southwestern Medical Center President’s Advisory Board.  In addition, Mr. McKnight is a member of the Council on Foreign Relations.

Mr. McKnight received a B.A. in Economics from the University of Virginia.

 

Co-Chief Executive Officer & Managing Partner, Credit Funds

Mr. Pack is Co-Chief Executive Officer of Fortress Investment Group and a Managing Partner of the Fortress Credit Funds Business. Mr. Pack serves on the investment committee for the Credit Funds, is a member of the Fortress Management and Credit Leadership Committees and is the head of the firm’s Environmental, Social and Governance (ESG) Committee. Mr. Pack has over 25 years of credit investment and workout experience through multiple credit cycles. Since joining the Credit Funds Business at its inception in 2002, Mr. Pack has analyzed, structured, and negotiated hundreds of lending, structured equity, net lease and real estate transactions.

Prior to joining Fortress, Mr. Pack was a Vice President with Wells Fargo & Co. in the capital markets group. Before that, Mr. Pack was a Vice President with American Commercial Capital, an independent specialty finance company lending to middle-market businesses that was subsequently acquired by Wells Fargo & Co. in 2001. Mr. Pack serves as a Director on multiple corporate and philanthropic boards.

Mr. Pack attended the United States Air Force Academy and received a B.A. in Economics from California State University, San Marcos.

Managing Partner, Credit Funds

Mr. Neumark is a Managing Partner of the Fortress Credit Funds business. Mr. Neumark serves on the investment committee for the Credit Funds and is a member of the Fortress Management and Credit Leadership Committees.

Prior to joining Fortress in May 2010, Mr. Neumark was a Senior Vice President at Plainfield Asset Management, a large distressed debt hedge fund based in Greenwich, CT, where he served on several boards as well as ad hoc creditor committees. Mr. Neumark also practiced law at Wachtell, Lipton, Rosen & Katz, in the restructuring and finance group and at Simpson Thatcher & Bartlett LLP, in the corporate group.

Mr. Neumark received his B.A. in European History from Vanderbilt University with Phi Beta Kappa and summa cum laude honors and his J.D. from UCLA School of Law.

Co-Chief Investment Officer & Managing Partner, Credit Funds

Mr. Dakolias is a Managing Partner of the Fortress Credit Funds business. Mr. Dakolias also serves on Fortress’s Management and Credit Leadership Committees.

Prior to joining Fortress in 2001, Mr. Dakolias was a Managing Director, Chief Credit Officer and co-founder of American Commercial Capital LLC (a specialty finance company) and Coronado Advisors (an SEC registered broker dealer), both of which were sold to Wells Fargo & Co. in 2001. Mr. Dakolias was previously a director at RER Financial Group where he was responsible for the firm’s acquisition efforts as a principal and as a provider of third party due diligence and asset management. Mr. Dakolias serves on the Board of Trustees for Columbia University, the American School of Classical Studies at Athens, and the Millbrook School. Mr. Dakolias is also a co-founder and member of the Executive Committee of The Hellenic Initiative, as well as a member of the Council on Foreign Relations.

Mr. Dakolias received a B.S. in Physics from Columbia University.

Chief Executive Officer, Global Real Estate

Mr. Pulley joined Fortress in 2007 and is Chief Executive Officer of the Global Fortress Real Estate business and is also a member of the firm’s Management Committee. Mr. Pulley is the Chief Investment Officer of the Fortress Real Estate Opportunities Funds which opportunistically invest primarily in the US and Europe. In addition, as the CIO of Fortress Investment Group (Japan) GK, Mr. Pulley is responsible for the execution of the investment programs of the Fortress Japan Opportunities Funds and the Fortress Japan Income Fund.

Prior to joining Fortress, Mr. Pulley was head of the private equity division in Japan at Credit Suisse where he managed the successful Asian Investment program of DLJ Real Estate Capital Partners (RECP). Mr. Pulley was one of the designated key men for DLJ Real Estate Capital Partners III and was a member of its Investment Committee. Mr. Pulley has over 25 years of real estate investment experience, having started his career at Bankers Trust.

Mr. Pulley received a B.A. from University of California at Berkeley and an M.B.A. from the Wharton School at the University of Pennsylvania.

President

Mr. Furstein is the President of the Fortress Credit Funds business and is also a member of the firm’s Management and Credit Leadership Committees.

Prior to joining Fortress in July 2001, Mr. Furstein co-founded and was the Chief Operating Officer of American Commercial Capital (a specialty finance company) and Coronado Advisors (an SEC registered broker dealer). Both companies were sold to Wells Fargo in 2001. Prior to that, Mr. Furstein was co-manager of the opportunistic real estate loan business of Goldman, Sachs & Co. Mr. Furstein was also involved in the acquisition of distressed business, consumer and real estate loans and had responsibility for the management of more than 60 portfolios of such assets. In this role, he designed and oversaw the implementation of financial reporting, tax, compliance and asset management systems, policies and procedures.

Mr. Furstein received a B.A. from Columbia University and an M.B.A. from the Wharton School of Business at the University of Pennsylvania.

Senior Advisor, Credit Funds

Mr. Sloan is a Senior Advisor to the Fortress Credit Funds Business. Mr. Sloan serves on the Investment Committee of numerous Fortress Credit Funds and is a member of the Credit Leadership Committee.

Mr. Sloan began his career at Wells Fargo & Company in 1987. He held leadership roles in the company’s credit and real estate operations, and headed groups including Commercial Banking, Commercial Real Estate and Specialized Financial Services. In 2016, Mr. Sloan was appointed CEO, President and member of the company’s Board of Directors. He retired from Wells Fargo in 2019 after 31 years of service. Mr. Sloan is a member of the Board of Trustees of the California Institute of Technology, serving as Chair of the Board’s Investment Committee. Mr. Sloan also serves on the Board of Governors of the Huntington Library, Art Museum and Botanical Gardens, and on the Capital Campaign Committee of the Union Rescue Mission in Los Angeles.

Mr. Sloan is a member of the Advisory Board of the University of Michigan’s Ross School of Business, from which he received an MBA in 1984.

Co-Founder and Principal

Mr. Edens is a principal and has been a member of the board of directors of Fortress since November 2006. Mr. Edens has been a member of the Management Committee of Fortress since 1998. Mr. Edens is responsible for the Company’s private equity and publicly traded alternative investment businesses.

Prior to co-founding Fortress in 1998, Mr. Edens was a partner and managing director of BlackRock Financial Management Inc., where he headed BlackRock Asset Investors, a private equity fund. In addition, Mr. Edens was formerly a partner and managing director of Lehman Brothers.

Mr. Edens received a B.S. in Finance from Oregon State University.

Co-Founder and Principal

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. He served as interim Chief Executive Officer from December 2011 to July 2013 and was appointed Chief Executive Officer in August 2013.

Prior to co-founding Fortress in 1998, Mr. Nardone was a managing director of UBS from May 1997 to May 1998. Before joining UBS in 1997, Mr. Nardone was a principal of BlackRock Financial Management, Inc. Prior to joining BlackRock, Mr. Nardone was a partner and a member of the executive committee at the law firm of Thacher Proffitt & Wood.

Mr. Nardone received a B.A. in English and Biology from the University of Connecticut and a J.D. from Boston University School of Law.

 

Managing Director

Joseph Adams is the Chairman of the Board and Chief Executive Officer of FTAI Aviation Ltd. He is also Chairman of the Board of FTAI Infrastructure Inc. He is a member of the Management Committee of Fortress and is a Managing Director at Fortress within the Private Equity Group.

Previously, Mr. Adams was a partner at Brera Capital Partners and at Donaldson, Lufkin & Jenrette where he was in the transportation industry group. In 2002, Mr. Adams served as the first Executive Director of the Air Transportation Stabilization Board.

Mr. Adams received a B.S. in Engineering from the University of Cincinnati and an M.B.A. from Harvard Business School.

Chief Financial Officer

Daniel N. Bass is the Chief Financial Officer of Fortress Investment Group LLC, and is also a member of the firm’s Management Committee.

Prior to joining Fortress in November 2003, Mr. Bass spent eleven years at Deutsche Bank. Over the course of his career at Deutsche Bank, he held the positions of managing director of DB Capital Partners and managing director, Global Business Area Controller of Deutsche Bank’s Corporate Investments Division. Prior to that, Mr. Bass was a senior associate in the International Tax Practice at Coopers & Lybrand. Mr. Bass also is a member of the Board of Trustees of the Florida State University Foundation.

Mr. Bass received both a B.S. and a Masters in Accounting from Florida State University.

Chairman & Principal

Mr. Briger is Chairman of the board of directors of Fortress Investment Group, which he has been a member of since November 2006. Mr. Briger has been a member of the Management Committee of Fortress since 2002 and is a Managing Partner of the Fortress Credit Funds business, as well as a member of the Fortress Credit Leadership Committee.

Prior to joining Fortress in 2002, Mr. Briger spent fifteen years at Goldman Sachs, where he became a partner in 1996. Mr. Briger serves on the board of several charitable organizations including Princeton University, the UCSF Foundation, Tipping Point and the Guild Theatre in Menlo Park. In addition, Mr. Briger is a member of the Council on Foreign Relations and a member of the PayPal Digital Advisory board.

Mr. Briger received a B.A. from Princeton University and an M.B.A. from the Wharton School of Business at the University of Pennsylvania.

General Counsel

David N. Brooks succeeded as the general counsel of Fortress Investment Group LLC in February 2007. Mr. Brooks is also a member of the firm’s Management Committee and serves as the general counsel of the Credit business as well as the firm.

Prior to joining Fortress in April 2004 as the Deputy General Counsel, Mr. Brooks spent nearly eight years at Cravath, Swaine & Moore LLP, where he specialized in mergers and acquisitions, capital markets transactions, including initial public offerings and high-yield debt issuances, and providing corporate governance advice to large public companies.

Mr. Brooks received a B.S. in Economics from Texas A&M University and a J.D. from the University of Texas School of Law.

Managing Director

Leslee Cowen is a Managing director, serving on the investment committee for the Credit Funds and co-heads the Corporate Loan and Securities Group at Fortress Investment Group LLC. Ms. Cowen is also a member of the Management Committee of Fortress.

Prior to joining Fortress in June 2002, Ms. Cowen was at the Baupost Group, where she was involved in the acquisition of public and private distressed debt and equity securities, as well as non-performing loan portfolios. Prior to that, Ms. Cowen was an associate at the Argentum Group, a venture capital firm, where she was invested in several domestic roll-up transactions. Ms. Cowen began her career as an analyst at The Blackstone Group in the private equity and M&A groups.

Ms. Cowen received a B.S. degree from the Wharton School at the University of Pennsylvania with concentrations in finance, accounting and multinational management.

Co-Chief Investment Officer & Managing Partner, Credit Funds

Mr. Dakolias is a Managing Partner of the Fortress Credit Funds business. Mr. Dakolias also serves on Fortress’s Management and Credit Leadership Committees.

Prior to joining Fortress in 2001, Mr. Dakolias was a Managing Director, Chief Credit Officer and co-founder of American Commercial Capital LLC (a specialty finance company) and Coronado Advisors (an SEC registered broker dealer), both of which were sold to Wells Fargo & Co. in 2001. Mr. Dakolias was previously a director at RER Financial Group where he was responsible for the firm’s acquisition efforts as a principal and as a provider of third party due diligence and asset management. Mr. Dakolias serves on the Board of Trustees for Columbia University, the American School of Classical Studies at Athens, and the Millbrook School. Mr. Dakolias is also a co-founder and member of the Executive Committee of The Hellenic Initiative, as well as a member of the Council on Foreign Relations.

Mr. Dakolias received a B.S. in Physics from Columbia University.

Co-Founder and Principal

Mr. Edens is a principal and has been a member of the board of directors of Fortress since November 2006. Mr. Edens has been a member of the Management Committee of Fortress since 1998. Mr. Edens is responsible for the Company’s private equity and publicly traded alternative investment businesses.

Prior to co-founding Fortress in 1998, Mr. Edens was a partner and managing director of BlackRock Financial Management Inc., where he headed BlackRock Asset Investors, a private equity fund. In addition, Mr. Edens was formerly a partner and managing director of Lehman Brothers.

Mr. Edens received a B.S. in Finance from Oregon State University.

President

Mr. Furstein is the President of the Fortress Credit Funds business and is also a member of the firm’s Management and Credit Leadership Committees.

Prior to joining Fortress in July 2001, Mr. Furstein co-founded and was the Chief Operating Officer of American Commercial Capital (a specialty finance company) and Coronado Advisors (an SEC registered broker dealer). Both companies were sold to Wells Fargo in 2001. Prior to that, Mr. Furstein was co-manager of the opportunistic real estate loan business of Goldman, Sachs & Co. Mr. Furstein was also involved in the acquisition of distressed business, consumer and real estate loans and had responsibility for the management of more than 60 portfolios of such assets. In this role, he designed and oversaw the implementation of financial reporting, tax, compliance and asset management systems, policies and procedures.

Mr. Furstein received a B.A. from Columbia University and an M.B.A. from the Wharton School of Business at the University of Pennsylvania.

Managing Director and Tax Director

Kenneth K. Gershenfeld is the tax director at Fortress Investment Group LLC and is also a member of the firm’s Management Committee.

Prior to joining Fortress in August 2006, Mr. Gershenfeld spent thirteen years at Goldman, Sachs & Co., where he became a managing director in the tax department. Prior to that, Mr. Gershenfeld was an associate in the tax department at Sullivan & Cromwell.

Mr. Gershenfeld received a B.S. in Economics from the Wharton School at the University of Pennsylvania and a J.D. from Boston University. 

Managing Director

A. Todd Ladda is a managing director and Global Head of Credit for the Fortress Capital Formation Group, LLC, a member of FINRA, where he is responsible for capital raising and investor relationship management for the Credit Funds at Fortress Investment Group LLC.  Mr. Ladda is also a member of the Management Committee at Fortress. 

Prior to joining Fortress in July 2006, Mr. Ladda was a managing director at Trust Company of the West ("TCW") where he was responsible for the United States hedge fund joint venture between TCW and its parent company, Societe Generale Asset Management. He previously served as managing director and head of sales, marketing and distribution for Oppenheimer and Company's Alternative Investment Group. Mr. Ladda was also on the group's risk management and due diligence committees. Mr. Ladda is also a member of the Managed Funds Association (MFA) Investor Relations and Business Development Forum Steering Committee and also a founder of the Capital Raising and IR Forum.

Mr. Ladda received a B.A. from Princeton University in Political Science.

Co-Chief Executive Officer & Managing Partner, Credit Funds

Mr. McKnight is Co-Chief Executive Officer of Fortress and a Managing Partner and Co-CIO of the Fortress Credit Funds business. Mr. McKnight serves on the investment committee for the Credit Funds, is a member of the Fortress Management and Credit Leadership Committees and is the head of the firm's Diversity & Inclusion (D&I) Committee.

Prior to joining Fortress in February 2005, Mr. McKnight worked at Fir Tree Partners where he was responsible for analyzing and trading high yield and convertible bonds, bank debt, derivatives and equities for the value-based hedge fund. Prior to Fir Tree, Mr. McKnight worked at Goldman, Sachs & Co. in Leveraged Finance and the Distressed Bank Debt trading group. Mr. McKnight serves on the Board of Advisors for the Center for Politics at the University of Virginia, the Center for New American Security, the Board of Advisors for SMU’s Cox School of Business Alternative Asset Management Center, and the UT Southwestern Medical Center President’s Advisory Board.  In addition, Mr. McKnight is a member of the Council on Foreign Relations.

Mr. McKnight received a B.A. in Economics from the University of Virginia.

 

Co-Founder and Principal

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. He served as interim Chief Executive Officer from December 2011 to July 2013 and was appointed Chief Executive Officer in August 2013.

Prior to co-founding Fortress in 1998, Mr. Nardone was a managing director of UBS from May 1997 to May 1998. Before joining UBS in 1997, Mr. Nardone was a principal of BlackRock Financial Management, Inc. Prior to joining BlackRock, Mr. Nardone was a partner and a member of the executive committee at the law firm of Thacher Proffitt & Wood.

Mr. Nardone received a B.A. in English and Biology from the University of Connecticut and a J.D. from Boston University School of Law.

Managing Partner, Credit Funds

Mr. Neumark is a Managing Partner of the Fortress Credit Funds business. Mr. Neumark serves on the investment committee for the Credit Funds and is a member of the Fortress Management and Credit Leadership Committees.

Prior to joining Fortress in May 2010, Mr. Neumark was a Senior Vice President at Plainfield Asset Management, a large distressed debt hedge fund based in Greenwich, CT, where he served on several boards as well as ad hoc creditor committees. Mr. Neumark also practiced law at Wachtell, Lipton, Rosen & Katz, in the restructuring and finance group and at Simpson Thatcher & Bartlett LLP, in the corporate group.

Mr. Neumark received his B.A. in European History from Vanderbilt University with Phi Beta Kappa and summa cum laude honors and his J.D. from UCLA School of Law.

Co-Chief Executive Officer & Managing Partner, Credit Funds

Mr. Pack is Co-Chief Executive Officer of Fortress Investment Group and a Managing Partner of the Fortress Credit Funds Business. Mr. Pack serves on the investment committee for the Credit Funds, is a member of the Fortress Management and Credit Leadership Committees and is the head of the firm’s Environmental, Social and Governance (ESG) Committee. Mr. Pack has over 25 years of credit investment and workout experience through multiple credit cycles. Since joining the Credit Funds Business at its inception in 2002, Mr. Pack has analyzed, structured, and negotiated hundreds of lending, structured equity, net lease and real estate transactions.

Prior to joining Fortress, Mr. Pack was a Vice President with Wells Fargo & Co. in the capital markets group. Before that, Mr. Pack was a Vice President with American Commercial Capital, an independent specialty finance company lending to middle-market businesses that was subsequently acquired by Wells Fargo & Co. in 2001. Mr. Pack serves as a Director on multiple corporate and philanthropic boards.

Mr. Pack attended the United States Air Force Academy and received a B.A. in Economics from California State University, San Marcos.

Chief Executive Officer, Global Real Estate

Mr. Pulley joined Fortress in 2007 and is Chief Executive Officer of the Global Fortress Real Estate business and is also a member of the firm’s Management Committee. Mr. Pulley is the Chief Investment Officer of the Fortress Real Estate Opportunities Funds which opportunistically invest primarily in the US and Europe. In addition, as the CIO of Fortress Investment Group (Japan) GK, Mr. Pulley is responsible for the execution of the investment programs of the Fortress Japan Opportunities Funds and the Fortress Japan Income Fund.

Prior to joining Fortress, Mr. Pulley was head of the private equity division in Japan at Credit Suisse where he managed the successful Asian Investment program of DLJ Real Estate Capital Partners (RECP). Mr. Pulley was one of the designated key men for DLJ Real Estate Capital Partners III and was a member of its Investment Committee. Mr. Pulley has over 25 years of real estate investment experience, having started his career at Bankers Trust.

Mr. Pulley received a B.A. from University of California at Berkeley and an M.B.A. from the Wharton School at the University of Pennsylvania.

Managing Director

Gordon E. Runté is a managing director at Fortress Investment Group LLC and head of public investor relations and corporate communications. Mr. Runté is a member of the firm’s Management Committee.

Prior to joining Fortress in June 2010, Mr. Runté served for seven years at Fannie Mae, most recently as Managing Director of Communications, Investor Relations. Prior to his tenure at Fannie Mae, Mr. Runté was Director of Corporate Communications at BlackRock, Inc. from January 2001 to June 2002, and prior to that, served as Director of Communications at PNC Financial Services, Inc. from June 1997 to January 2001, with responsibility for Executive, Shareholder and Strategic Communications.

Mr. Runté received an A.B. in English from Duke University.

Senior Advisor, Credit Funds

Mr. Sloan is a Senior Advisor to the Fortress Credit Funds Business. Mr. Sloan serves on the Investment Committee of numerous Fortress Credit Funds and is a member of the Credit Leadership Committee.

Mr. Sloan began his career at Wells Fargo & Company in 1987. He held leadership roles in the company’s credit and real estate operations, and headed groups including Commercial Banking, Commercial Real Estate and Specialized Financial Services. In 2016, Mr. Sloan was appointed CEO, President and member of the company’s Board of Directors. He retired from Wells Fargo in 2019 after 31 years of service. Mr. Sloan is a member of the Board of Trustees of the California Institute of Technology, serving as Chair of the Board’s Investment Committee. Mr. Sloan also serves on the Board of Governors of the Huntington Library, Art Museum and Botanical Gardens, and on the Capital Campaign Committee of the Union Rescue Mission in Los Angeles.

Mr. Sloan is a member of the Advisory Board of the University of Michigan’s Ross School of Business, from which he received an MBA in 1984.

Managing Director

Peter M. Smith is a managing director in the Private Equity business at Fortress Investment Group LLC and is also a member of the firm’s Management Committee.

Mr. Smith joined Fortress in May 1998, prior to which he worked at UBS and, before that, at BlackRock Financial Management Inc. from 1996 to 1998. Mr. Smith worked at CRIIMI MAE Inc. from 1991 to 1996.

Mr. Smith received a B.B.A. in Finance from Radford University and a M.B.A. in Finance from George Washington University.