Press Release

Fortress Worldwide Transportation and Infrastructure Investors Reaches Cap of $995 million

NEW YORK--(BUSINESS WIRE)-- Fortress Investment Group LLC (NYSE:FIG) announced today the successful close of Fortress Worldwide Transportation and Infrastructure Investors (“FTAI”) at its cap of $995 million in total commitments. FTAI was originally raised as a $395 million fund; this was followed by a subsequent “top up” private capital raise of $600 million of additional capital commitments.

FTAI brings together a diverse mix of high yielding transportation assets and value-add infrastructure projects. Its portfolio includes aviation, shipping, offshore energy and rail assets and infrastructure, including airplanes, jet engines, shipping containers, intermodal equipment, offshore energy vessels, as well as railway lines, railcars and terminals.

“The environment for investing in transportation assets and infrastructure remains strong,” said Wes Edens, Fortress Co-Chairman and Head of Private Equity. “We’re pleased with the Fund’s investments to date, and so are our investors, as evidenced by this successful “top up” capital raise. We expect FTAI’s portfolio to continue to expand and diversify, driving value for investors and focusing on investments that have strong long term growth potential.”

About Fortress

Fortress Investment Group LLC is a leading, highly diversified global investment firm with approximately $63.8 billion in assets under management as of June 30, 2014. Founded in 1998, Fortress manages assets on behalf of approximately 1,600 institutional clients and private investors worldwide across a range of private equity, credit, liquid hedge funds and traditional asset management strategies. Fortress is publicly traded on the New York Stock Exchange (NYSE:FIG). For more information, please visit www.fortress.com.

 

Fortress Investment Group LLC
Gordon E. Runté, 212-798-6082
or
Sanam Heidary, 212-515-4694

Source: Fortress Investment Group LLC