Structured Credit

The Fortress Credit ABS team is primarily responsible for sourcing, analyzing, structuring and the ongoing management of investment opportunities in asset-backed securities. Leadership of the ABS Team has been investing in the structured finance sector for over 20 years and has experience under different credit cycles.

The ABS Team is dedicated to making attractive risk-adjusted investments primarily in asset-backed fixed income securities.

Our approach to underwriting leverages Fortress Credit’s asset investment knowledge, servicing relationships and proprietary ABS investment experience to employ a more in-depth investment process than many traditional ABS investors.




Debt secured by housing-related property (e.g., legacy residential mortgage-backed securities, re-performing pools, non-qualified mortgages, single family / multi-family rentals)

Commercial Real Estate

Debt secured by property for commercial / business use (e.g., office, specialized, distressed hospitality / retail)


Debt secured by core operating / financial assets of a business (e.g., aircraft, royalties, bank loans / middle market)


Debt secured by consumer credit (e.g., unsecured / student loans, auto, points of sale)

Capital Deployed Breakdown

Fortress has deployed approximately $16 billion of unlevered capital over the last 20 years.*

*Represents ABS and asset-backed loan investments since the inception of the Fortress Credit business through December 31, 2023.

Capital Deployed Breakdown

“Fortress Credit’s approach to underwriting ABS leverages our operational experience to support traditional capital markets knowledge, which provides a more holistic assessment of risk and value drivers.”

Mario Rivera

Managing Director, Structured Credit

Embedded Optionality

Deals with sources of additional cash flow or earlier repayments related to collateral performance

Enhanced Protection

Transactions that benefit from multiple sources of credit enhancement protections that we believe will eventually become valued by the market

Outsized Income Potential

Investments that pay a higher interest rate, either because they are a developing asset class or where we believe the perceived risk is greater than the actual risk, are often found when entire sectors are challenged


Opportunities where assets can be purchased at attractive prices due to structural nuances and where there are potential catalysts to monetize these discounts

Case Study

The Shops at Merrick Park

Fortress acquired various discounted interests in the Single Asset, Single Borrower (“SASB”) securitization backed by The Shops at Merrick Park, a class A retail property located in Coral Gables, FL.

We viewed this as an opportunity to purchase quality assets at times when the market was experiencing volatility and uncertainty in commercial real estate fundamentals.

The asset is an important part of the South Florida submarket with over 90 retail and restaurant offerings across various price points and interests. It is within two miles of the University of Miami and has a trade area that encompasses over one million people, both residents and visitors.


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