Fortress Announces Hire of Gaming & Leisure Industry Veteran Adam Rosenberg
Company Release - 9/10/2014 11:30 AM EDT
Former Global Head of Gaming Group at Goldman Sachs Joins Fortress’s Credit Business
NEW YORK--(BUSINESS WIRE)-- Fortress Investment Group LLC (NYSE:FIG) announced today that Adam Rosenberg has joined its Credit Funds business as a Managing Director leading its Gaming & Leisure investment platform. Mr. Rosenberg joins Fortress from Goldman, Sachs & Co., where he was Global Head of Gaming Investment Banking.
Mr. Rosenberg will be responsible for investments made by Fortress’s family of Credit-related funds across the capital structure in the Gaming & Leisure sector.
“Adam is an outstanding addition to our Credit team,” said Peter L. Briger, Jr., Fortress Principal and Co-Chairman of the Board of Directors. “His depth of experience, industry relationships and ability to source, structure and execute complex transactions on a global basis will help our business to build on an already significant presence in Gaming & Leisure.”
Mr. Rosenberg spent 16 years in the Investment Banking division at Goldman Sachs, where, as part of the Real Estate Department, he was instrumental in building and eventually running the Gaming Group on a global basis. Prior to that, he was at Skadden, Arps, Slate, Meagher & Flom. He is a graduate of Harvard Law School and the University of Pennsylvania.
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.
Cautionary Note Regarding Forward-Looking Statements
Certain statements in this press release may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are not historical facts, but instead represent only the Company’s beliefs regarding future events, many of which, by their nature, are inherently uncertain and outside of the Company’s control and are subject to a number of factors that could lead to actual events to differ, possibly materially, from such forward-looking statements. For a discussion of some of the risks and important factors that could affect such forward-looking statements, see the sections entitled “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in the Company’s Quarterly Report on Form 10Q for the quarter ended June 30, 2014. In addition, new risks and uncertainties emerge from time to time, and it is not possible for the Company to predict or assess the impact of every factor that may cause its actual results to differ from those contained in any forward-looking statements. Accordingly, you should not place undue reliance on any forward-looking statements contained in this press release. The Company can give no assurance that the expectations of any forward-looking statement will be obtained. Such forward-looking statements speak only as of the date of this press release. The Company expressly disclaims any obligation to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company’s expectations with regard thereto or any change in events, conditions or circumstances on which any statement is based.
Fortress Investment Group LLC
Gordon E. Runté, 212-798-6082
Sanam Heidary, 212-515-4694
Source: Fortress Investment Group LLC